Amazon.com Inc. muscled past Exxon Mobil Corp. Monday to become the fourth-largest U.S. company by market capitalization. Exxon Mobil also fell behind Facebook Inc. into sixth place, to make it an all-technology top five.
Amazon AMZN, +1.18% has now climbed three spots from seventh place in the two sessions since the e-commerce giant reported second-quarter results, passing Warren Buffett’s Berkshire Hathaway Inc. BRK.B, -0.24% and Facebook Inc. FB, +0.30% on Friday.
Amazon’s stock ran up 1.2% to a record close, lifting its market cap to $364.0 billion, while Facebook shares gained 0.3% to take its market cap to $356.9 billion. At the same time, Exxon Mobil shares slumped 3.5%, on the back of a tumble in oil prices, to knock its market cap down to $356.0 billion. Facebook reported better-than-expected results last week, while Exxon Mobil’s results on Friday missed expectations.
Apple Inc.’s stock AAPL, +1.77% surged 1.8% to turn positive on the year, and to keep its lead as the most valuable company with a $571.4 billion market cap. Alphabet Inc. shares GOOGL, +1.21% climbed 1.2% to stay within range at $549.5 billion. Microsoft Corp. MSFT, -0.18% was a distant third at $440.9 billion.
In seventh place was Berkshire Hathaway at $355.0 billion.
Of the top five, only Apple and Microsoft are members of the blue-chip bellwether Dow Jones Industrial Average DJIA, -0.15% Exxon Mobil is also a Dow component.