PetroChina First Company Worth $1 Trillion

Via the AP wire this morning, PetroChina is the first firm worth $1,000,000,000,000.

State-owned PetroChina Co., a unit of state-owned China National Petroleum Corp., is the country's biggest oil and gas producer. Its Shanghai initial public offering of 4 billion shares raised $8.94 billion — a record for a mainland bourse.