Exxon briefly dethroned as America's most valuable energy company

  • 📰 CNN
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 95%

United States News News

United States United States Latest News,United States United States Headlines

The clean energy revolution hit another major milestone

NextEra Energy , the nation's largest renewable energy company, briefly surpassed Exxon in market capitalization on Friday, according to UBS. That made NextEra the most valuable company among all US energy and utility stocks. It's a stunning feat given that Exxon was the most valuable publicly-traded company on the planet as recently as 2013. By Monday afternoon, Exxon had a market value of $142.2 billion, about $1 billion more than NextEra.

Exxon has lost more than half of its value this year alone."This is an oil crash of unprecedented intensity," Molchanov said. Clean energy stocks are boomingExxon is hardly the only oil company under pressure. The Energy Select Sector SPDR Fund is down by a staggering 50% this year. Top holdings include Exxon, Chevron and Schlumberger .

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Lets gooo MiamiHEAT NBAFinals

Why is California having rolling blackouts with surplus solar power? It must be transmission lines unable to handle load into dense areas?

Why the hell would you hit a milestone, wouldn't you pass it or reach it but hitting it seems like unnecessary vandalism to me. I really don't think you know what milestones are.

Armenia and those who support the occupation policy of this state, support terrorism, separatism, destabilization of the situation and violation of security in the world, trample the norms of international law. 🇦🇿🇦🇿🇦🇿🇦🇿🇦🇿🇦🇿

There is no “green energy revolution”, we will not be getting away from what we currently use anytime soon.

Hate campaign targeting Texas. SenTedCruz TexasTribune TexasGOP texasgov

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Documents: Exxon is cutting up to 1,600 workers in Europe - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

How NextEra Overtook ExxonMobil As The Largest U.S. Energy CompanyOver the past decade, NextEra has vastly outperformed ExxonMobil in the financial markets, and briefly overtook the company to become the largest energy company in the U.S. Nice 👍 Interesting
Source: Forbes - 🏆 394. / 53 Read more »