7. PetroChina (China)
Sales: 114.32 Profits: 19.94 Assets: 145.14 Market value: 270.56
Established in 1999, PetroChina is Asia’s biggest company and mainland China’s largest oil producer. The company is the stock market listed arm of the state owned energy giant China National Petroleum and enjoys a near duopoly in the Chinese market with Sinopec. The company is the highest placed Chinese company on the list. In fact with a market value of $270.56 billion (only bettered by ExxonMobil) PetroChina may well be disappointed only to finish in 14th place on the full Forbes list.
Fact: The market value of PetroChina tripled when it first appeared on the Shanghai index. Thus the company became the first in history to have market capitalisation of one trillion US dollars.
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