PetroChina

PetroChina Company Limited (, ) (, , ) is a Chinese oil company and is the listed arm of state-owned China National Petroleum Corporation (CNPC), headquartered in Dongcheng District, Beijing. and was the world's most valuable company by market value as of September 28th 2010. Traded in Hong Kong and New York, the mainland enterprise announced its plans to issue stock in Shanghai in November 2007, (Xinhuanet.com, with source from Shanghai Daily) and following its debut on the Shanghai index, its market value tripled, making PetroChina the first company to reach a trillion dollar market capitalization.Similarly, a century earlier, U.S. Steel was the first company with a billion dollar market cap.

History

PetroChina was established as a joint stock company with limited liabilities under the Company Law of the People's Republic of China (the PRC) on November 5, 1999, as part of the restructuring of CNPC. In the restructuring, CNPC injected into PetroChina most of the assets and liabilities of CNPC relating to its exploration and production, refining and marketing, chemicals and natural......
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