{"id":365099,"date":"2020-07-28T11:12:39","date_gmt":"2020-07-28T05:42:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=365099"},"modified":"2020-07-28T11:49:34","modified_gmt":"2020-07-28T06:19:34","slug":"mukesh-ambanis-reliance-overtakes-exxon-to-become-worlds-no-2-energy-firm","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/mukesh-ambanis-reliance-overtakes-exxon-to-become-worlds-no-2-energy-firm\/","title":{"rendered":"Mukesh Ambani\u2019s Reliance overtakes Exxon to become world\u2019s no. 2 energy firm"},"content":{"rendered":"<p>Reliance Industries Ltd. toppled Exxon Mobil Corp. to become the world\u2019s largest energy company after Saudi Aramco, as investors piled into the conglomerate lured by the Indian firm\u2019s digital and retail forays.<\/p>\n<p>Reliance, which is controlled by Asia\u2019s richest man and manages the world\u2019s biggest oil refinery complex, rose 4.3% in Mumbai on Friday, taking its market value to $189 billion, while Exxon Mobil lost about $1 billion. Aramco, with a market capitalization of $1.75 trillion, is the world\u2019s biggest company.<\/p>\n<p>The Indian company extended gains in early trading on Monday, rising around 2%. Reliance\u2019s shares have jumped 46% this year, while Exxon\u2019s have fallen 39% as refiners across the globe struggled with a plunge in fuel demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries Ltd. toppled Exxon Mobil Corp. to become the world\u2019s largest energy company after Saudi Aramco, as investors piled into the conglomerate lured by the Indian firm\u2019s digital and retail forays. Reliance, which is controlled by Asia\u2019s richest man and manages the world\u2019s biggest oil refinery complex, rose 4.3% in Mumbai on Friday, taking its market value to $189 billion, while Exxon Mobil lost about $1 billion. Aramco, with a market capitalization of $1.75 trillion, is the world\u2019s biggest company. The Indian company extended gains in early trading on Monday, rising around 2%. Reliance\u2019s shares have jumped 46% this [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-365099","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=365099"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365099\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=365099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=365099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=365099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}