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Exxon Mobil takes over from PetroChina as largest company in the world - Gl
2008-03-27 07:42:00 Exxon Mobil takes over from PetroChina as largest company in the worldGlobe and Mail, Canada - 1 hour agoA few months ago, it looked like Chinese companies were set to dominate the list of the world's largest corporations, given the booming stock market in that ...Exxon Overtakes PetroChina as World's Biggest Company (Update4) BloombergExxon Overtakes PetroChina as World's Most-Valuable Company BloombergPetroChina loses world?s No.1 ranking to Exxon China Knowledge Onlineall 11 news articles
Exxon Overtakes PetroChina as World's Biggest Company (Update2) - Bloom
2008-03-26 12:18:00 Exxon Overtakes PetroChina as World's Biggest Company (Update2)Bloomberg - 3 hours agoBy Joe Carroll March 26 (Bloomberg) -- Exxon Mobil Corp. regained the mantle as the world's biggest company by market value, overtaking PetroChina Co., ...Exxon Overtakes PetroChina as World's Most-Valuable Company Bloombergall 5 news articles
Exxon Overtakes PetroChina as World's Biggest Company (Update1) - Bloom
2008-03-26 08:24:00 Exxon Overtakes PetroChina as World's Biggest Company (Update1)Bloomberg - 1 hour agoBy Joe Carroll March 26 (Bloomberg) -- Exxon Mobil Corp. regained the mantle as the world's biggest company by market value, overtaking PetroChina Co., ...Exxon Overtakes PetroChina as World's Most-Valuable Company BloombergExxon Poised to Surpass PetroChina as Biggest Company by Value Bloombergall 3 news articles
Business Week. General Motors and PetroChina.
2008-02-11 14:05:00 MondayEconomic: NAEarnings: Carlisle (CSL), CNA (CNA), LCA Vision (LCAV), Valspar (VAL), American S & E (ASEI), Fording Coal (FDG), Charles River (CRL), Qiagen (QGEN), Veeco (VECO), Vertex (VRTX)TuesdayEconomic: Treasury Budget ($30.0B)Earnings: General Motors (GM), Marsh McLennan (MMC), Qwest (Q), Schering (SGP), XTO Energy(XTO), Teva (TEVA), Blue Nile (NILE), Cephalon (CEPH), General Cable (BGC), Panera (PNRA), Sigma Aldrich (SIAL), Watts (WTS), Wynn (WYNN)Wednesday:Economic: Retail / ex Auto (0.00%, .2%), Biz’ Inv’s (.4%), Weekly crudeEarnings: Agrium (AGU), Daktronics (DAKT), Deere (DE), First Solar (FSLR), PetroChina (PTR),PF Chang’s (PFCB), Rio Tinto (RTP), Waste Mgt (WMI), Agilent (A), Baidu (BIDU), Core Labs (CLB), Network Apps (NTAP), NVIDIA (NVDA), Skechers (SKX), ValueClick (VCLK)ThursdayEconomic: Weekly Claims (360K), Trade Balance (-$61B)Earnings: Daimler (DAI), Foundation Coal (FCL), FTI (FCN), Gol Air (GOL), Goodyear (GT), Ingersoll (IR), TASER (TASR), Trina...
UNITED STATES: General Electric Profit Rises on Overseas Turbine, Engine Sa
2008-01-20 03:49:00 General Electric Co. said fourth- quarter profit rose 15 percent on higher international sales of jet engines and power-plant turbines, drawing more than half its annual revenue from overseas for the first time as the U.S. economy slowed. Profit from continuing operations... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
By: ENERGY BLOG
Petrochina plans to install new biofuel facilities
2007-12-31 20:23:00 Petrochina Co Ltd, China's largest oil and gas producer, has announced plans to invest 800 million yuan (about $110 million) to build a non-grain ethanol plant in the southern region of Sichuan, in Nanchong. The expected output of the plant is about 100,000 tons of ethanol per year.The company also recently announced an agreement with the State Forestry Administration to build a "biomass base" to grow plants in Yunnan and Sichuan provinces to produce raw materials for a new biodiesel plant, able to produce up to 60,000 tons per year, totaling 180 million yuan (about $25 million).China's plans for 2020 are to produce 10 million tons of ethanol per year, along with two million tons of biodiesel.Related: China investing in something worse than bad ethanol: methanol How much? 3.65 billion tons of scrap in 25 years thanks to car boom Exxon's got competition: PetroChina now the first company worth over $1 trillion [Source: Abcmoney]
ASIA: Shell taps into coal methane in China
2007-12-27 21:45:00 Shell has expanded its interests in China by taking control of a pioneering project to meet some of the country's burgeoning demand for energy using methane gas from underground coal seams. The Anglo-Dutch group has bought a 55% equity stake from Verona Development CorporationNorth Shilou... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
By: ENERGY BLOG
CHINA: To import more oil
2007-12-09 01:50:00 China's two oil giants, Sinopec and PetroChina, said on Saturday that they would import more refined oil while increasing domestic production to ease fuel shortage in the country. China has been hit by shortage of refined oil, as some oil refineries have cut production and some others hoard oil... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
By: ENERGY BLOG
ASIA: China plans subsidies for refiners to help ease fuel cost burden
2007-12-07 05:25:00 China will give subsidies to oil refiners to help offset the gap between high international crude oil prices and controlled domestic fuel prices, state media reported on Thursday. The companies will receive rebates and will be exempt from paying oil import duties, the official Xinhua News Agency... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
By: ENERGY BLOG
UNITED STATES: Stocks To Buy While Oil Is Cheap
2007-12-06 11:50:00 Last month, we speculated on what by now the big, well-informed, experienced, sophisticated, everyday traders in crude oil might think could happen to crude prices. Here is what has evolved.What has happened to their forecasts since our last letter is that the upper ends of the ranges have been... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
By: ENERGY BLOG
The Worlds Biggest Company - Chinas Oil Giant PetroChina
2007-11-20 00:00:00 Posted on 10/11/2007Looking at the events of PetroChinas IPO on 5th November on the Shanghai A-share market turning it into the world's biggest company over night.Has this ever happened in the history of the stock market? A company that was already one of the biggest in the world, nearly trebles its value overnight, becoming the world's largest company by marke
ASIA: China, Russia Reach Gas Price Agreement
2007-11-19 19:37:00 Chinese oil company CNPC and Gazprom have agreed a gas pricing deal that should unlock a major pipeline plan, but it may come at a higher cost than Beijing wanted, the Xinhua news agency cited a... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
By: ENERGY BLOG
PetroChina World?s Largest Company [Digg]
2007-11-13 06:31:00 PetroChina is now the world?s largest company by market capitalization, valued at approximately $1 trillion. The Chinese behemoth easily eclipses its nearest rival, U.S.-based Exxon Mobile, which is valued at around $488 billion.
PetroChina IPO was the world?s largest IPO
2007-11-10 18:40:00 When China’s PetroChina IPO went through successfully last month, it created history by setting the record for the world’s largest IPO this year. PetroChina IPO boosted the IPO market in China. Soon after the PetroChina IPO listing, it moved on to become the world’s largest company by market capitalisation. PetroChina is the number 1 provider of ...
The Worlds Biggest Company - Chinas Oil Giant PetroChina
2007-11-10 16:41:00 Looking at the events of PetroChinas IPO on 5th November on the Shanghai A-share market turning it into the world's biggest company over night1 Vote(s)
By: JeQQ it
PetroChina tops trillion-dollar mark
2007-11-06 17:48:00 From Los Angeles TimesIt's a world milestone as shares of China's largest energy producer begin trading on the Shanghai stock exchange.By Dawn C. Chmielewski, Los Angeles Times Staff Writer November 6, 2007SHANGHAI -- PetroChina Co. became the world's first company valued at more than a trillion dollars Monday, catapulting over U.S. energy titan Exxon Mobil Corp. as eager Chinese got their first shot at investing in the oil giant when its stock began trading on the Shanghai exchange.Shares of PetroChina nearly tripled as investors scrambled to get in on the offering. The stock opened at the equivalent of $2.24 and traded as high as $6.52 before closing at $5.90.That price, plus the value of shares traded on the New York and Hong Kong exchanges and those held by the company's government-controlled parent, gave PetroChina a total market value of $1.1 trillion -- more than double Exxon Mobil, at $486 billion.[Read more]
Is PetroChina a sign that the Chinese bubble is ready to burst?
2007-11-06 17:45:00 From National PostPetroChina’s much-publicized achievement of becoming the first company in history to top US$1-trillion in market capitalization has many wondering if this is a good reflection of China’s ascent on the global stage or merely a bubble that is due to burst any day now.China now accounts for four of the world’s top ten companies (also China Mobile, China Petroleum and Industrial and Commerical Bank), as well as seven of the globe’s 16 biggest names, Northern Securities points out in a note to clients.The Chinese market may be in an extremely speculative phase, the firm said, adding that while the its market cap used to be only a fraction of its GDP, the US$3.8-trillon in value for Chinese stocks now exceeds the nation’s estimated GDP of US$3.25-trillion by 17%.How does this compare with other emerging nations or the United States?It is significantly above Brazil, India and Russia, and is almost on par with the U.S. market’s valuation, Northern Securities sa...
PetroChina makes its debut as world's first trillion-dollar firm - Guar
2007-11-06 08:54:00 PetroChina makes its debut as world's first trillion-dollar firmGuardian Unlimited, UK - 27 minutes agoPetroChina became the world's first trillion-dollar company yesterday after shares in the business almost tripled in value on its flotation on the Shanghai ...
PetroChina's soaring shares make it world's top company - on paper
2007-11-05 21:40:00 PRESS TVPetroChina's soaring shares make it world's top company - on paperEuronews.net, France&-nbsp;- 5 hours agoThe world has a new top company, but only in terms of market capitalisation. Shares in China's biggest oil and gas producer, PetroChina,almost tripled on ...China oil giant is world's biggest Telegraph.co.ukChinese oil giant becomes world's most valuable company ABC OnlinePetroChina is world's first $1 trillion group ScotsmanSydney Morning Herald - BBC Newsall 550 news articles
PetroChina Doubles, Citi Spills the Beans, Gisele Ditches the Dollar, How t
2007-11-05 19:58:00 by Addison Wiggin & Ian Mathias PetroChina overtakes Exxon Mobil as world’s biggest company? market cap doubles overnight! Citigroup’s $11 billion confession… Dan Amoss on why this probably won’t be the last Dollar at new all-time lows… why euro bulls should still proceed with caution Gold punches through $800, but what about silver? Look for this breakout signal? Chris ...
China's PetroChina now the biggest company in the world worth 1 TRILLION do
2007-11-05 16:59:00 Following on from my story about the richest man in the world being from India, it has now come to pass that the world most valuable company by market capitalization is a Chinese company - PetroChina. PetroChina Co. shares more than doubled in their Shanghai debut Monday, giving the oil giant a $US1 trillion market capitalization and easily surpassing Exxon Mobil as the world's largest company. The run-up gave the oil giant a market capitalization more than twice that of US based Exxon Mobil. To put this in context - the market cap of PetroChina is 10% larger than Australia's GDP (Gross Domestic Product - Value of Goods and Services produced in 1 year) However using production metrics, Exxon Mobil is still significantly bigger than PetroChina. PetroChina produced 1.06 billion barrels of oil equivalent last year, compared to Exxon Mobil's 1.56 billion. Exxon Mobil reported revenue in 2006 of $365.5 billion and earned a net profit of $39.5 billion. PetroChina's 2006 revenue was o...
PetroChina becomes world's top-valued company - Sify
2007-11-05 13:57:00 PetroChina becomes world's top-valued companySify, India -- 1 hour agoShanghai, China: PetroChina became the world's first company worth more than $1 trillion on Monday, surging past Exxon Mobil as the Chinese oil producer's ...
PetroChina becomes world's biggest listed company - Hindustan Times
2007-11-05 13:32:00 PetroChina becomes world's biggest listed companyHindustan Times, India - 1 hour agoChina's oil and gas producer PetroChina Company Ltd was on Monday listed as the world's largest company after it almost tripled the value of its shares at ...PetroChina World's 1st Firm Worth $1T Houston ChroniclePetroChina becomes world's top-valued company AFPPetroChina becomes world's biggest company Guardian UnlimitedTimes Online - China Dailyall 349 news articles
Petrochina multiplica por 2,6 su valor en su OPV y supera a Exxon como empr
2007-11-05 13:31:00 El debut en bolsa de Petrochina, la mayor empresa china de petróleo y gas, ha sido espectacular, incrementado en más del doble su valor el primer día de cotización en la bolsa de Shanghai, pasando sus acciones de clase A de un valor inicial de 16,70 yuanes a 43,96 yuanes (con un valor máximo de ...
By: Gurusblog
PetroChina becomes world's top-valued company - AFP
2007-11-05 08:31:00 ServihooPetroChina becomes world's top-valued companyAFP - 45 minutes agoSHANGHAI (AFP) ? PetroChina became the world's largest company by market value Monday, worth nearly one trillion dollars -- double the value of ExxonMobil ...FACTBOX-PetroChina becomes world's largest-capitalized firm ReutersPetroChina becomes world's largest listed company China DailyPetroChina triples price, ranks as world's largest listed firm Monsters and Critics.comall 230 news articles
PetroChina becomes world's top-valued company - AFP
2007-11-05 08:31:00 ServihooPetroChina becomes world's top-valued companyAFP - 45 minutes agoSHANGHAI (AFP) ? PetroChina became the world's largest company by market value Monday, worth nearly one trillion dollars -- double the value of ExxonMobil ...FACTBOX-PetroChina becomes world's largest-capitalized firm ReutersPetroChina becomes world's largest listed company China DailyPetroChina triples price, ranks as world's largest listed firm Monsters and Critics.comall 230 news articles
PetroChina expected to surpass Exxon Mobil as largest company
2007-11-05 00:37:00 When the state oil and natural gas company PetroChina makes its debut Monday on the Shanghai Stock Exchange, China's booming stock markets will be on the verge of another milestone. Soon after the Shanghai listing, analysts expect PetroChina to surpass the U.S. energy behemoth Exxon Mobil as the world's largest company by market value.PetroChina shares, already traded in New York and Hong Kong, are expected to be seized on by a market awash with cash and investors eager for new opportunities. At the close of markets Friday, PetroChina was valued at $460 billion, making it the world's second-most-valuable company, worth about $26 billion less than Exxon Mobil. Read more.... Thanks to America, China's economy is growing and the people are becoming richer, until one day their wealth will surpass those of Americans and importing goods from China will no longer be dirt cheap and America will be forced to start producing again. Thank goodness! So everytime you purchase something made ...
China shares down 1.8 pct before PetroChina lists
2007-11-02 06:13:00 By Claire Zhang SHANGHAI, Nov 2 (Reuters) - Chinese stocks fell on Friday, hit by concern about monetary policy, weak global markets and selling to raise money to buy shares in PetroChina (0857.HK:... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
PetroChina could soon be world's top company - Financial Times Deutschl
2007-10-30 13:00:00 PetroChina could soon be world's top companyFinancial Times Deutschland, Germany -- 1 hour agoThere is a new runner-up for the title of the world's biggest company. Soon, there may be a new winner too. PetroChina, the state-controlled Chinese oil and ...
PetroChina could soon be world's top company - Financial Times Deutschl
2007-10-30 13:00:00 PetroChina could soon be world's top companyFinancial Times Deutschland, Germany -- 1 hour agoThere is a new runner-up for the title of the world's biggest company. Soon, there may be a new winner too. PetroChina, the state-controlled Chinese oil and ...
China stocks sink 4.8 pct, PetroChina drains funds
2007-10-25 11:34:00 SHANGHAI, Oct 25 (Reuters) - Chinese stocks plunged nearly 5 percent on Thursday as a huge initial public offer by PetroChina (0857.HK: Quote, Profile , Research) sucked money from the market, but... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Warren Buffett Sells Entire Stake in PetroChina
2007-10-21 18:02:00 We know that Warren Buffett has been paring his stake in Petrochina. In an interview on Fox Business a few days ago, Warren revealed that Berkshire’s entire stake has been sold. The reason was selling was due to valuation and not over the company’s role in the Darfur. The investment bagged Berkshire a profit of ...
Buffett continues slashing PetroChina stake
2007-10-09 20:25:00 Warren Buffett's Berkshire Hathaway sold a block of listed shares in PetroChina for the fifth time in three months, dropping its stake in the company's share capital to 6.97%, according to a filing to the Hong Kong stock exchange Monday. Since July, Buffett has scaled down his holding in PetroChina from 11.05%. He has sold 249.3 million PetroChina H shares in five disclosed sales. Why is Buffett selling? To take profits. Warren Buffett got in on PetroChina's initial public offering in Hong Kong in March 2000 at 1.28 Hong Kong dollars.
PetroChina?s A-Share Offer To Help Boost Output
2007-09-20 11:10:00 PetroChina Co. plans to use the proceeds of its coming initial public offering of Class A shares to increase its crude-oil and ethylene output, as well as to build an oil-product transmission pipeline in China. PetroChina, the country’s largest listed oil and gas producer by capacity, intends to offer as many as four billion ...
Warren Buffett Sells Part of PetroChina Shares
2007-09-17 14:20:00 Back in April 2003, Warren Buffett purchased about 10% of PetroChina for US$488 million at less than HK$1.70 a share. With the present share price above HK$11, this investment has turned out into a 6-bagger. Amid calls for U.S. investors to reduce holdings in China’s biggest oil producer because of its links to Sudan, Warren Buffett ...
Warren Buffet Sells Part of Stake in PetroChina Co.
2007-09-12 19:10:00 Warren Buffett further reduced his stake in PetroChina Co. to 9.72 percent, amid calls that he cut ties to the Chinese oil company's investments in Sudan.Buffett's Berkshire Hathaway Inc. sold 92.66 million shares at an average price of about HK$11.473 each on Aug. 29, according to a company's filing with the Hong Kong stock exchange Wednesday.According to a Dow Jones Newswire calculation, the shares were sold for around $136 million.It was the second public disclosure of a sell-down in PetroChina shares by Berkshire Hathaway in two months. The Omaha-based company had cut its holding to 10.96 percent from 11.05 percent, selling 16.9 million PetroChina shares at a higher average price of HK$12.441 on July 12. var dc_UnitID = 14; var dc_PublisherID = 18712; var dc_AdLinkColor = 'blue'; var dc_isBoldActive= 'no'; var dc_adprod='ADL'; ;
By: Jim Cramer Blog
PetroChina Refineries Pump Up Net Earnings
2007-08-30 04:44:00 PetroChina Co., China’s largest listed oil and gas producer by capacity, reported a surprise 1.4% increase in first-half net profit, as a turnaround in its refineries helped offset a decline in earnings from upstream operations. Read Original Post Here
CHINA: Sinopec Profit Growth Slows as Oil Costs Trim Margins
2007-08-27 13:04:00 China Petroleum & Chemical Corp.'s profit growth... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
By: ENERGY BLOG
PetroChina?s Big Oil Find Loses Some Sheen
2007-08-23 07:32:00 The Ministry of Land and Resources certified PetroChina Co.’s Nanpu oil discovery as having half the recoverable reserves that analysts had estimated, taking luster from what had been regarded as a major find. Read Original Post Here
PetroChina Holders Clear A-Share Offering
2007-08-16 10:17:00 Shareholders of PetroChina Co., the largest listed oil and gas producer in China by capacity, approved a plan to sell Class A shares in a domestic initial public offering ahead of a listing in Shanghai. “The pricing won’t be too high. I think ordinary investors can afford it,” President Jiang Jiemin said. Read ...
CHINA: Chinese, U.S. Firms to Cooperate on Gas Project
2007-08-16 09:29:00 Chevron and the China National Petroleum Corp.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
By: ENERGY BLOG
PetroChina Taps Chevron To Help Develop Gas Field
2007-08-09 13:09:00 U.S. oil major Chevron Corp. won the right to help develop a PetroChina Co. gas field in Sichuan province, people familiar with the situation said, marking a rare inroad by a foreign company into China’s onshore oil and natural-gas production. Chevron’s bid was chosen over those of Statoil ASA of Norway, France’s Total SA ...
Berkshire Hathaway Trims PetroChina Stake
2007-08-03 22:01:00 Berkshire Hathaway Inc., the company run by billionaire Warren Buffett, cut its stake in PetroChina Co. to 10.96% from 11.05%, but remains the second-largest shareholder in the biggest listed Chinese oil and gas producer. Read Original Post Here
CHINA: Sinopec Discovery May Hold 200 Million Tons of Oil
2007-05-30 11:54:00 China Petroleum & Chemical Corp., the nation's largest refiner, made an oil discovery in western... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
By: ENERGY BLOG
ASIA: Bohai Bay Discovery of PetroChina, may Be Larger Than Announced [ma.
2007-05-16 06:18:00 Tags: China, Jiang Jiemin, Jidong Nanpu field, Petrochina
By: ENERGY BLOG
Petrochina climbs to $125 on oil & gas discovery
2007-05-07 16:28:00 This is what I love. A nice 4% plus dividend and share appreciation. PetroChina is a Retirerichblog pick at $109 ....
PetroChina abandons joint venture project with US firm
2007-03-14 15:12:00 Beijing, March 14 : PetroChina, one of China's two major onshore oil and gas producers, has abandoned a plan to jointly produce polycarbonate (PC) in northern China with the US-based GE Plastic, company sources said Wednesday.
By: newkerala.com
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