Petrochina is the world's second-largest oil company by market value


As the share price of petrochina(0857.hk)has climbed,the company has replaced Dutch shell as the world's second-largest oil company by market value.

Petrochina shares,listed in Hong Kong,also rose to$230.7 billion at hk$9.91 as of Friday's close.Royal Dutch shell,the world's second-largest oil company,has a market value of about 116 billion pounds,or about$229.3 billion(1 pound to$19,769),based on Friday's close in London.Exxon mobil remains the world's largest oil company by market value.Separately,BP,which has a market value of about$220 billion,ranks fourth.

Petrochina shares have risen 58 per cent this year,while sinopec and cnooc have risen 63 per cent and 31 per cent respectively,outpacing the hang seng index's 27 per cent rise.Crude oil and natural gas production rose 5.8 per cent to 793.9m barrels in the first nine months of the year,the company said on Monday.