RIL overtakes ExxonMobil to become world's 2nd most valuable energy firm
27th Jul 2020

Reliance Industries (RIL) 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.

Besides being higher than ExxonMobil in m-cap, RIL is also above Chevron which has an m-cap of about $169 billion as well as likes of Oracle, Unilever, Bank of China, BHP Group, Royal Dutch Shell and SoftBank Group. Reliance is the 10th highest m-cap company in Asia. China's Alibaba Group is ranked 7th globally. At 46th rank, Reliance is just below PepsiCo which has an m-cap of $189.8 billion.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.