Petrobras Stock Value Surges. Now World's 5th Largest Company!

BLOOMBERG/
Petrobras surpassed China Mobile and China Construction Bank this week to become the world’s fifth-largest company by market value.
Petrobras has surged 60 percent this year, the biggest gain among the world’s 10 largest companies, as oil jumped 73 percent.
"You’ve got a Brazilian effect, an oil effect and on top of that you’ve got the amazing prospect of deepwater discoveries,” said money manager Bill Rudman. “It’s a powerful combination.”
Petrobras market value now surpasses Procter & Gamble, IBM, Johnson & Johnson, BP Oil ,GE , Royal Dutch Shell , JPMorgan Chase, BHP Billiton, Wal-Mart and HSBC, along with China Mobile and China Construction Bank.