An exothermic reaction is one that releases energy in the form of heat. The combustion of methane is a classic example of an exothermic reaction, where methane reacts with oxygen to produce carbon dioxide and water, releasing energy: \[ \text{CH}_4 + 2\text{O}_2 \rightarrow \text{CO}_2 + 2\text{H}_2\text{O} + \text{Energy} \]
Therefore, the correct answer is: \[ \boxed{(B) \, \text{Combustion of methane}} \]