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Exxon passes Apple momentarily as most valuable company

January 25, 2013 2:18 PM

Exxon has once again surpassed Apple as the world's most valuable company after the iPhone and iPad maker saw its stock price falter. Apple Inc.'s stock has been on the decline since its earnings report earlier this week. (Jan. 25)

FILE- In this June 30, 2012 file photo, the Exxon Valdez is anchored some six nautical miles off the Bhavnagar coast near Alang ship-breaking yard in western Indian state of Gujarat, India. India's Supreme Court has allowed the Exxon Valdez, the oil tanker involved in one of the worst U.S. oil spills, to be dismantled in western Gujarat state.The court ruled Monday, July 30, 2012, that the ship could anchor near Alang, the hub of India's shipbreaking industry. The ship, now known as the Oriental Nicety, entered Indian waters in May. (AP Photo/File)