PetroChina - Trillion Dollar Company
PetroChina, China’s state-owned subsidiary of China National Petroleum Corp., became the first company to be worth over $1 trillion USD. On Friday, before going public, the company’s value was about $456 billion. After their IPO on Monday, the company more than doubled in value.
For context, Exxon-Mobile is the next largest company in the world, at $488 billion.
An interesting fact:
PetroChina is more wealthy than all but 10 countries throughout the world.
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