And the times they are a changin': Renewable energy company becomes more valuable than Exxon Mobil! →

In today’s “News I Didn’t See Coming” (via Bloomberg):

“NextEra Energy Inc., the world’s biggest provider of wind and solar energy, is now more valuable than oil giant Exxon Mobil Corp., once the largest public company on Earth.

NextEra ended Wednesday with market value of $145 billion, topping Exxon’s $142 billion.”

If you like pretty pictures, here’s the share price graph to wallop you to what-the-what-the-woweeee world:

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The most surprising thing about this plot isn’t the slow but steady rise of NextEra. It’s the precipitous drop of Exxon Mobil and Chevron.

You’d have to be a madman to invest in an oil company in 2020.

I’ll leave Bob on fadeout duties today.