News, PetroChina: The world's first $1 trillion company. (corporation, millionaire, stock)

[JD59]

The meaning of the term "Big Oil" has changed overnight, as state-controlled PetroChina became the first company worth more than $1 trillion, tripling its value Monday in its debut on the Shanghai Stock Exchange and making it by far the largest company in the world.

PetroChina: The world's first $1 trillion company - MSN Money

[futuremillionaire]

I am not sure how many times this situation would repeat itself in the corporate world but Citygroup (now just called City) boasts a net worth of over 1.9 Trillion. I am sure however that it is a combination of all City companies' assets that gets them that figure. The 1.9 number was on a piece of printed sales copy I had from Primerica which is a City company. I couldn't quickly find it online. I suppose on this level there would be many other corporations with net worths over a trillion?

[cdelena]

Originally Posted by futuremillionaire

...
I suppose on this level there would be many other corporations with net worths over a trillion?

This is simply the market capitalization of the company (current value of all outstanding stock) and is not the net worth of the company. The book value of the company is less than a quarter of this.