PetroChina was the first company to reach a $1 trillion market capitalization during trading in 2007.
PetroChina briefly reached the milestone on November 5, 2007, when its newly listed Shanghai shares surged. The event made it the first company reported to attain a trillion-dollar market value, although the valuation quickly fell as the stock declined.
PetroChina is the listed oil and gas arm of China National Petroleum Corporation, one of China’s major state-owned energy groups. Its shares trade in Shanghai and Hong Kong, while American depositary receipts have also traded in the United States.
This fact is often mixed up with Apple’s 2018 milestone. Apple was the first U.S. company to reach $1 trillion, whereas PetroChina reached the figure earlier but only briefly.