Reliance overtakes ExxonMobil

ExxonMobil

Highlights :

Reliance overtakes ExxonMobil to become world's second largest energy company
Aramco is the world's biggest energy company
Ambani's dealmaking has lured investments from Google to Facebook into his digital platforms in recent months.

Reliance Industries Limited, controlled by Asia's richest man Mukesh Ambani, overtakes ExxonMobil to become world's second largest energy company.

Aramco with a market capitalisation of $1.76 trillion is the world's biggest energy company.

While the energy business accounted for about 80% of Reliance's revenue in the year ended March 31, Ambani plans to expand the company's digital retail arms helped him attract $20 billion into the Jio Platforms Ltd.

Ambani's dealmaking has lured investments from Google to Facebook into his digital platforms in recent months.

About ExxonMobil :

Exxon Mobil Corporation, doing business as ExxonMobil, is an American Multinational Oil and gas Corporation headquartered in Irving, Texas.

It was formed in November 30,1999 by the merger of Exxon (formerly the Standard Oil Company of New Jersey) and Mobil ( formerly the Standard Oil Company of New York).

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