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Jan 25, 2013 11:58 AM by Associated Press

Exxon surpasses Apple as world's most valuable company

NEW YORK (AP) - Exxon has surpassed Apple as world's most valuable company after tech company's stock falls.

Apple Inc.'s stock has been falling since an earnings report on Wednesday. It fell another 1.8 percent on Friday to $442.60 for a market capitalization of $415.6 billion. Exxon Mobil Corp. was mostly unchanged and has a market capitalization of $416.2 billion.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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