The Biggest Stock Collapse in World History Has No End in Sight
- PetroChina, the first $1 trillion company, has sunk since 2007
- The oil producer reported third-quarter earnings on Monday
PetroChina in Biggest Stock Slump Ever
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It’s going to take more than the biggest stock slump in world history to convince analysts that PetroChina Co. has finally hit bottom.
Ten years after PetroChina peaked on its first day of trading in Shanghai, the state-owned energy producer has lost about $800 billion of market value -- a sum large enough to buy every listed company in Italy, or circle the Earth 31 times with $100 bills.