5.11.07

World's Largest Company

China's biggest oil and gas company, PetroChina, surged past ExxonMobil on Monday to become the world's first company worth more than $1-trillion. The 4 billion new shares listed in Shanghai surged to 43.96 yuan ($5.90) in the first day of trading Monday, nearly triple the IPO price of 16.70 yuan ($2.24).

> PetroChina Triples in Shanghai IPO

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