Connect with us

Business

Meet NextEra, America’s most valuable energy firm – The Economist

The clean-energy utility has surpassed ExxonMobil in market capitalisaion—and shows no signs of slowing

Published

on

post featured image
ADVERTISEMENT

TO MANY INVESTORS, backing an American oil company looks only slightly shrewder than stuffing cash in a blender. Facing covid-19 and old concerns over low returns, the industry is scrambling to boost efficiency. On October 19th ConocoPhillips said it would pay $9.7bn for Concho Resources, a Texan fracking firm. The next day two other frackers, Pioneer Natural Resources and Parsley Energy, announced a $4.5bn tie-up. Across the sector, oilmen are vowing to put profits before growth. How about a firm…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Article feature image
New Alzheimer’s Drug Could Cost the Government as Much as It Spends on NASA – The New York Times
Article feature image
10-year Treasury yield climbs to 1.50% ahead of Fed Chair Powell’s Congress testimony – CNBC
Article feature image
Vivendi shareholders back spin-off of flagship Universal Music Group – CNBC