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Exxon Mobil Corporation
The Exxon Mobil Corporation will abandon its shale gas exploration projects in Poland because the company's test wells did not produce commercial quantities of gas, the daily newspaper Gazeta Wyborcza reported, according to Bloomberg News. Reuters

Apple, the maker of iPhone and iPad, became the most valued company in the world after beating Exxon Mobil in terms of market capitalisation on Thursday, but for a short period of time.

Apple's shares were up eight percent after the technology giant posted a fourth quarter profit of $97.4 billion and its market value reached $419 billion on Thursday.

Apple closed at $446.63 a share at the end of trading on January 26.

Exxon Mobil, the oil company, regained its number-one position at the end of trading on January 26. The company's stocks gained four cents at $87.22 for a market capitalisation of $418 billion. Apple closed the day's trading with a market cap of about $415 billion.

Check out the latest list of the richest companies in the world in terms of market value:

IPhone Apple Inc. IPad