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Thread: Forbes: China Is No. 1
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[quote=LEONARDO,273047]Most Valuable Company No. 1: China (PetroChina) No. 2: U.S. (ExxonMobil) PetroChina's market capitalization soared past $1 trillion when it debuted on the Shanghai Stock Exchange in 2007. That made it twice as valuable as the world's second-largest company, U.S.-based ExxonMobil. However, PetroChina trades at a much lower valuation on other stock exchanges, and its profits are a fraction of Exxon's. Consulting firm PFC Energy recently estimated PetroChina's market cap to be $723 billion. [/quote]
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