Exxon exits top-ten list of US’ biggest firms
For the first time in modern history, not a single oil company makes rank on the top-ten list of the largest US-registered enterprises. ExxonMobil is the last oil outfit to exit the list. The oil sector has thus given its final abdication of the global economy’s leader, says analysis institute.
BY VICTOR EMIL KRISTENSEN
Since 1923, S&P’s 500 index has measured and weighed the US’ top companies’ equity and has been used as a benchmark for assessing the state of the country’s economy. The index’ peaks and valleys show a history of booms and busts in the global economy, providing insights into economic history.
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