After decades of dominance, America’s largest energy company Exxon Mobil Corp. (NYSE: XOM), has finally ceded its position as the world’s second most valuable energy company to India’s Reliance Industries (NSE: RELIANCE). Reliance Industries has overtaken ExxonMobil after an epic stock run that saw its market capitalization scale to a record high of over Rs 14 lakh crore, or $189 billion. Reliance, an Indian multinational conglomerate that manages the world’s largest refinery complex, has seen its shares soar 45.6% in the year-to-date, a sharp contrast to XOM’s -36.8% return that has shrunk its market cap to $183.6B. The oil-to-telecom conglomerate is now the world’s 46th most valuable company with oil Saudi Aramco maintaining its ranking as the world’s most valuable company in all sectors with a market cap of $1.76 trillion. Another milestone: RIL has become the first Indian company to cross a market cap of $150 billion. RIL’s […]