November 11, 2009

Petrobras is the third biggest company in the Americas

Petrobras - 11/11/2009 13:29


Petrobras is the third biggest publicly traded company on the American continent, according to a study published by the Economática consultancy firm Tuesday (11/10). The survey shows the Company experienced a growth of $192.5 billion in its market value from December 2002 to November 2009, which surged from $15.4 billion to $207.9 billion in the period. The first and second spots on the list are held by American outfits Exxon ($345.8 bn) and Microsoft ($257.4 bn).

In late 2002, Petrobras ranked 121st among the largest publicly-held companies on the continents. Since then, it rose 118 positions.

The result places Petrobras ahead of companies of the likes of Wall Mart ($200.6 bn), Apple ($181.5 bn), and Procter & Gamble ($180.7 bn), which ranked fourth, fifth and sixth on the list, respectively. The ranking also features other multinational corporations like Google, Johnson & Johnson, Texaco and Coca-Cola.

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