PetroChina to surpass Exxon Mobil as the world's first market capitalisation

According to media reports, as of May 25, China's oil (601857) is worth more than Exxon Mobil to become the world's most valuable company.　　After the stimulus package, the domestic stock market rose to create conditions for the rise in PetroChina's share price.　　PetroChina's shares rose 30% per cent this year to $336.4 billion trillion, outperforming Exxon Mobil's May 22 close of $3359. Bloomberg News quotes Gordon Kwan, energy industry expert at Hong Kong's future asset securities firm, "If you choose energy stocks, you buy Chinese oil giants", "China's fuel demand is growing, while demand in North America and Europe is falling."　　"PetroChina's reserves overtook Exxon Mobil last year and Exxon Mobil's reserves fell by 3%." November 5, 2007, PetroChina A shares listed, opened 48.60 Yuan, the price of 16.7 yuan Rose 191.02%, at that time the market value of 7.86 trillion yuan, combined with the market value of H-Shares, the total market value of up to 8.25 trillion yuan, more than Exxon Mobil, become the world's first market value companies. However, PetroChina has since become the most-a-share company.