Apple is now worth more than the combined value of the oil and gas majors
June 19, 2020
Michael J. Coren
The oil and gas sector, once worth a combined $3 trillion, is now worth less than Apple’s $1.5 trillion market capitalization. If it wanted, the Cupertino, California technology company could purchase the world’s most expensive private oil and gas firm, ExxonMobil, for $198 billion with cash to spare.
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June 19, 2020
Michael J. Coren
The oil and gas sector, once worth a combined $3 trillion, is now worth less than Apple’s $1.5 trillion market capitalization. If it wanted, the Cupertino, California technology company could purchase the world’s most expensive private oil and gas firm, ExxonMobil, for $198 billion with cash to spare.
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