PetroChina (PTR) Passes GE (GE) In Market Cap
The news should cause some concerns or perhaps weeping among US investors who see big US companies as the pride of the global corporate fleet. PetroChina (PTR), China’s big oil company, passed GE (GE) in market cap today. The company’s…
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The news should cause some concerns or perhaps weeping among US investors who see big US companies as the pride of the global corporate fleet.
PetroChina (PTR), China’s big oil company, passed GE (GE) in market cap today. The company’s oil and gas output rose a modest 5%. PTR shares were up 13% overnight.
PetroChina’s market cap is now over $420 billion. Exxon (XOM) is still ahead of it at $520, but that probably won’t last.
Douglas A. McIntyre
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
