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March 30, 2012

U.S. Oil Giant Now Ranks Behind a Chinese Upstart

MoneyWatch, MoneyWatch


RCH

Exxon Mobil Corp. (XOM) 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. . .

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TAGGED: China, PetroChina, global oil market, oil, ExxonMobil, MoneyWatch

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