Shanghai, November 5:

State-run oil and gas giant PetroChina on Monday became the world’s largest listed company at about $1 trillion market value.

Shares of the company shot up by 163 per cent on the Shanghai bourse — China’s largest stock market — giving the company the world’s highest market capitalisation.

The rise of 27.26 yuan ($3.6), or 163.23 per cent, put PetroChina’s market capitalisation at about $1 trillion, well ahead of the previous highest, Exxon Mobil, which was valued at $488 billion on Friday. Earlier Exxon was the largest company.