How India’s Oil Major Became Bigger Than Exxon

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…