Oil, Petrochina | featured news

Chinese firm surpasses Exxon in oil production

PetroChina

A big shift is happening in Big Oil: An American giant now ranks behind a Chinese upstart. Exxon Mobil is no longer the world's biggest publicly traded producer of oil. For the first time, that distinction belongs to a 13-year-old Chinese company called PetroChina. The Beijing company was created by the Chinese government to secure more oil for that nation's booming economy.

 

Subscribe to this RSS topic: Syndicate content