PetroChina’s Value Tops $1 Trillion, Surpassing Exxon – Ying Lou

From Bloomberg:

PetroChina Co. almost tripled on its first day of trading in Shanghai, becoming the world’s first company to be valued at $1 trillion, larger than the entire Russian .

shares rose to 43.96 yuan from the sale price of 16.7 yuan, giving the state-owned oil producer a greater market value than Exxon Mobil Corp. and General Electric Co. combined.

The rally makes PetroChina shares four times more expensive than those of Exxon, even though China’s biggest oil producer has a quarter of the revenue. China’s stock market was valued at less than $1.1 trillion before tripling this year and giving the communist nation five of the world’s 10 biggest companies. [Full Text]

Read also petrochina is world’s top company from BBC, and PetroChina 1st Firm Worth $1 Trillion by Elaine Kurtenbach.

Categories :

Tags :,

SUPPORT CDT

CDT on Twitter

Google Ads 1

CDT EBOOKS

Giving Assistant

Amazon Smile

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.