City Guide
Answers
Login
Home
/
Community
/
Forums
/ Post a Reply
Post a Reply
Thread: PetrolChina becomes the largest listed corporation in the world!
Title:
(100 characters at most)
Content: ( 3,000 characters at most, please )
You can add emoticons below to your post by clicking them.
[quote=KATRINA,253984]According to the news, PetrolChina has replaced Exxon Mobil to become the largest listed company in the world by market value. On Monday, PetrolChina made its debut on Shanghai Stock Exchange. The company's shares opened at 48.6 yuan and ended at 43.96 yuan. An analyst said that 'PetrolChina is trying to increase its crude oil production to match its refining capacity by landing on mainland A shares market'. The statistics shows that PetrolChina's market value has reached one trillion dollars, surpassing Exxon Mobil, valued at US$487.7 billion to be the largest listed company. By selling its four A shares, PetrolChina has raised 66.8 billion yuan (US$8.9 billion). On the other hand, PetrolChina's return on mainland stock market could help 'drain excess liquidity on the domestic market and add weight to the industrial blue chips, which in turn would help maintain the stability of the domestic capital market.' said a report released by Citic Securities.[/quote]
characters left
Name:
Get a new code
Copyright © 1998-2025 All rights reserved.