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Repiglican Roast

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Monday, November 05, 2007

PetroChina is world's top company

PetroChina saw its shares nearly triple from 16.7 yuan to end at 43.96 yuan, giving PetroChina a market value of just below $1 trillion (£480.6bn).

This is almost the twice the $488bn value of oil producer Exxon Mobil.

But some analysts said the PetroChina's Shanghai share price stemmed from speculation and was too high.

State-owned PetroChina already has shares traded in Hong Kong and its flotation on China's mainland stock exchange in the country's largest domestic share sale represented just 2% of the total number of shares it has listed.

[...]

Labels: China, Exxon . Mass Extinctions. Climate disaster is here, Petrochina

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