Reliance overtakes Exxon to become world’s 2nd most valuable energy firm
NEW DELHI: Reliance Industries has overtaken ExxonMobil to become the world’s second most valuable energy company after its market capitalisation scaled to a record high of over Rs 14 lakh crore.
The oil-to-telecom conglomerate is now ranked 46th globally on market cap, according to stock market data.
On Thursday, Reliance was ranked 48th and was behind ExxonMobil. Its share price on Friday scaled an all-time high of Rs 2,163 before settling at Rs 2,146.20, taking the company to 46th position.
