“Energy Transitions: Big Oil, Meet Big Green”

“‘Supermajor' has long been the term used to describe the world's largest oil companies. Increasingly, it is coming to define the globe's biggest producers of wind and solar power.

Large-scale renewable energy developers now boast valuations greater than the behemoths of the oil and gas industry.

NextEra Energy Inc., a Florida-based power company and the world's largest generator of wind and solar electricity, is now worth $138 billion. That's more than the likes of Royal Dutch Shell PLC ($112 billion), BP PLC ($71 billion) and ConocoPhillips ($40.1 billion).”

Benjamin Storrow reports for E&E News August 25, 2020.