Monday, November 5, 2007

PetroChina 1st Firm Worth More Than $1 Trillion

PetroChina 's shares nearly tripled in their first day of trading in China today. The company became the world's first company worth more than $1 trillion on Monday, surging past Exxon Mobil.

PetroChina's new shares listed in Shanghai surged to 43.96 yuan Monday, nearly triple the IPO price of 16.70 yuan. (100 RMB = 13.4160 USD)

PetroChina current listed in Hong Kong Stock Exchange (0857.HK
), New York Stock Exchange (PTR.N), and Shanghai Stock Exchange (601857.SS)

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