Wind and solar producer tops Exxon as most valuable U.S. energy company
- Oct 9, 2020 12:23 pm GMT
It's a milestone for renewable energy in the U.S.: A solar and wind power provider topped ExxonMobil as America's most valuable energy company.
NextEra Energy, based in Juno Beach, Florida, eclipsed Exxon this week when its value hit $143.8 billion, edging out the fossil-fuel giant. After the close of trading on Wednesday, NextEra was worth $900 million more that Exxon and about $2 billion more than Chevron, America's No. 2 oil and gas producer.
NextEra's enormous growth underlines the shift toward clean energy amid growing planetary destruction as a result of climate change. Exxon, once the world's most valuable company, has seen its revenues and profits slide over the last decade.
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