BP Plc's m-cap was at $131 billion in pre-market trade at NYSE.
The company's stock rose 0.98 per cent to a record peak of Rs 1,576 in intra-day on the BSE. Later, it however, closed marginally lower by 0.12 per cent at Rs 1,558.85.
So far this year, RIL's share price has jumped 38.46 per cent.
Reliance Industries Ltd (RIL) last week achieved another milestone, becoming the first Indian firm to hit m-cap of Rs 9.5 trillion.
Also, last week the company surpassed BP Plc in terms of market valuation.
In October, RIL hit the Rs 9 trillion m-cap mark in intra-day trade, first by any listed company.
In August 2018, it became the first Indian firm to cross the Rs 8 trillion m-cap mark.
TCS is the country's second most valued firm with a market valuation of Rs 7,68,075.63 crore followed by HDFC Bank with a m-cap of Rs 6,97,707.03 crore, Hindustan Unilever (Rs 4,46,211.06 crore) and HDFC (Rs 3,97,958.39 crore).
The m-cap figures of companies change daily with stock price movement.