The 4 most valuable public companies are all tech companies

Amazon passed Exxon Mobile in market cap on Monday, making it the fourth most valuable public company.

The switch came after Amazon posted its fifth straight quarter of profits last week as the oil giant’s profits tumbled 59 per cent during the same rough period.

Now, tech companies are in spots 1-4 at top of the market value rankings. Facebook comes in at no. 6, and if Exxon keeps dropping — it’s down over 2% in early trading — all five could be tech companies by the end of the day.

Here are the market cap rankings as of this writing, according to Yahoo Finance:

  1. Apple ($appl): $566 billion
  2. Alphabet ($goog): $562B
  3. Microsoft ($msft): $433B
  4. Amazon ($amzn): $365B
  5. Exxon Mobile ($xom): $356B
  6. Facebook ($fb): $353B

Disclosure: Jeff Bezos is an investor in Business Insider through hispersonal investment company Bezos Expeditions.

NOW WATCH: ‘Pok√©mon Go’ just released an update that fixes its most annoying problems

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.