Google has passed oil giant ExxonMobil to become the second most valuable company in the world, behind its high-tech rival Apple. Google`s market value at the end of Monday`s trading session reached to $394 billion, compared to the $388 billion of ExxonMobil. Meanwhile, Apple remains well ahead with a market capitalization of $472 billion. This was possible as ExxonMobil shares fell 1.17% on Monday to $89.53, bringing its year-to-date loss to 11.5%. Meanwhile, Google's shares are trading near all-time highs and doubled in value since July 2012. The shares closed Monday at $1,172.93. Google managed this performance as it became the world leader in online advertising and its Android operating system has become the dominant platform for smartphones. Google`s other projects include the Google Glasses and a self-driving car. Moreover, the company may also be entering the connected home technology as it bought Nest Labs firm recently.