Sunday 26 July 2020

Reliance becomes world’s no. 2 energy company

Reliance Industries Ltd toppled ExxonMobil Corp to become the world’s largest energy company after Saudi Aramco, as investors piled into the conglomerate lured by the Indian firm’s digital and retail forays. Reliance, which manages the biggest refinery complex, gained 4.3% on Friday adding $8 billion to take its market value to $189 billion while Exxon Mobil erased $1 billion.

from Times of India https://ift.tt/2EdGZYD
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