PetroChina is now World’s biggest company

PetroChina crossed Exxon Mobile to become the World’s largest listed company. PetroChina is china’s largest oil and gas producer.

The company listed on the Shangai Stock Exchange today and on the listing the stock today rose three times from the listing price of 16.7 Yuan to close at 43.96 Yuan.

PetroChina’s market capitalization is almost twice that of Exxon Mobile (USD 488 billion).