March 30, 2012
U.S. Oil Giant Now Ranks Behind a Chinese Upstart
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. . .
TAGGED: China, PetroChina, Global Oil Market, Oil, ExxonMobil, MoneyWatch