Chinese firm surpasses Exxon in oil production

— Exxon Mobil is no longer the world’s biggest publicly traded producer of oil. For the first time, that distinction belongs to a 13-year-old Chinese company called PetroChina.

The Beijing company was created by the Chinese government to secure more oil for that nation’s booming economy.

PetroChina announced Thursday that it pumped 2.4 million barrels a day last year, surpassing Exxon by 100,000.

Read tomorrow's Arkansas Democrat-Gazette for full details.

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