The World’s Largest Company By Market Capitalization
Today PetroChina Co. became the world’s first company valued at more than a trillion dollars
Analysts expect PetroChina to surpass Exxon Mobil as the world’s largest company by market capitalization. PetroChina shares, already traded in New York and Hong Kong, are expected to be seized on by a market awash with cash and investors eager for new opportunities. The ebullience with which Chinese investors have embraced the Shanghai and Shenzhen markets has made China home to some of the world’s most expensive companies. It has the biggest bank, insurance company and airline by market capitalization. Five of the world’s 10 largest companies are there.
