Apple is now worth more than the combined value of the oil and gas majors
The oil and gas sector, which used to be worth $ 3 trillion together, is now worth less than Apple's $ 1.5 trillion market cap. If it wanted, California technology company Cupertino could buy the world's most expensive private oil and gas company, ExxonMobil, for $ 198 billion in cash. The oil and gas industry has delivered constant returns to Wall Street for years.
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