NextEra, The Largest Global Solar And Wind Energy Generator, Surpasses World’s Most Valuable Oil Company ExxonMobil In Market Value

Written by Flavia Marinho

Published on 05/10/2020 at 10:44

Updated on 05/10/2020 at 10:45

NextEra energia solar chegou a valer 138,6 bilhões de dólares no mercado, passando a companhia de petróleo Exxon Mobil, outra multinacional americana.

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NextEra Reached a Value of $138.6 Billion in the Market, Surpassing Oil Company ExxonMobil, Another American Multinational.

Something that would have been unimaginable a decade ago happened last Friday (092/10), NextEra, the world’s largest solar and wind energy generator, surpassed ExxonMobil in market capitalization to become the largest energy company in the USA. DISA Petroleum Acquires All Assets of Petrobras Uruguay for $61.7 Million

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NextEra reached a value of $138.6 billion in the market, surpassing the oil company Exxon Mobil, another American multinational, which at the same time was valued at $137.9 billion.

Exxon is the most valuable oil company in the world. This is the first time this has happened. By the end of the week, ExxonMobil’s value was back at the top, but if trends are any indication, this position will be temporary.

ARTICLE CONTINUES BELOW

How Did This Happen?

The fall of ExxonMobil is, more than anything, a function of the ongoing Covid-19 pandemic. Although the company’s performance in the decade preceding 2020 had been somewhat lackluster, it was still valued at just over $300 billion when the year began.

Nine months later, that value is $140 billion as the company faces a decline in energy demand caused by the pandemic.

About NextEra, Solar and Wind Energy Provider

Based in Florida, NextEra has more than 200 power generation facilities spread across the United States. The vast majority are solar or wind, with about 10 from other sources such as natural gas, nuclear, and oil.

Its predecessor, FPL (Florida Power & Light Company), began focusing on renewable sources in the 1980s and celebrated its first day of power supply without using oil in 1985.

In 2009, the company adopted its current name, NextEra. Its market value has been steadily increasing and advanced by about 66% in just the last two years, according to S&P Global Market Intelligence.

NextEra, The Largest Global Solar And Wind Energy Generator, Surpasses World’s Most Valuable Oil Company ExxonMobil In Market Value

NextEra Reached a Value of $138.6 Billion in the Market, Surpassing Oil Company ExxonMobil, Another American Multinational.

Read Also

How Did This Happen?

About NextEra, Solar and Wind Energy Provider

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NextEra, The Largest Global Solar And Wind Energy Generator, Surpasses World’s Most Valuable Oil Company ExxonMobil In Market Value

NextEra Reached a Value of $138.6 Billion in the Market, Surpassing Oil Company ExxonMobil, Another American Multinational.

Read Also

How Did This Happen?

About NextEra, Solar and Wind Energy Provider

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

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Scientists drill 8,000 feet of ice in Antarctica and race against time before the hole freezes over again to bury the world’s deepest seismometers and turn the South Pole into a giant ear for earthquakes across the entire planet.

Rice in space becomes a scientific bet for China to understand how microgravity can alter the genetics of the most important grain for Asian food security and reveal if future generations of the plant can be born, grow, and maintain their biological identity away from Earth.

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