Green energy stocks have outperformed oil companies.

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In the first 9 months of the year, the stocks of green energy companies traded on global stock exchanges yielded more than oil companies. As global stock markets continue to break records with expectations that central banks will gradually abandon tight monetary policies, it is noteworthy that green energy companies have outperformed oil companies in terms of returns.

Policies and budgets created by countries around the world, especially China, the UK, and the USA, towards clean energy are influencing the share prices of companies.

GREEN ENERGY OUTPERFORMS OIL AND GAS IN THE MARKET

According to the information received, in the first 9 months of the year, the market value of oil and gas giants led by Saudi Aramco in the global energy sector decreased by a total of 174 billion dollars, while the market value of green energy companies increased by 291.4 billion dollars.

When looking at green energy companies, the company with the highest market value was NextEra Energy, based in the USA, with 172.3 billion dollars. It was followed by Spanish Iberdrola with 96.7 billion dollars, American GE Vernova with 68.66 billion dollars, Indian Adani Green Energy with 37.43 billion dollars, and Chinese Sungrow Power Supply with 24.92 billion dollars.

NEXTERRA ENERGY AT THE TOP AMONG THE MOST PROFITABLE GREEN ENERGY COMPANIES

Considering the dollar-based returns of companies in the first 9 months of the year, NextEra Energy's shares gained 28% in value during this period. The company was valued due to positive increases in demand for renewable energy and infrastructure as a result of data center growth driven by artificial intelligence.

During the same period, Iberdrola, which increased its investments in the UK by acquiring the British company Electricity North West, saw its stock value rise by 16%. The International Finance Corporation (IFC) also provided the company with a 329 million dollar sustainable energy loan, which the company will use to finance renewable energy projects in several countries, including Morocco, Poland, and Vietnam, which are largely dependent on coal.

GE Vernova's stock value increased by 15% as of the second quarter, and the company was established following General Electric's split into three separate companies. The company announced that it received an order for 2.4 GW for the SunZia wind project of Pattern Energy, which is expected to be the largest wind project in the western hemisphere.

During the mentioned period, the stock value of Adani Green Energy, which signed an agreement with TotalEnergies regarding solar energy projects in India, increased by 19%.

Sungrow Power Supply, which recently signed a contract for a battery storage project in the United Kingdom, also provided returns to its investors during this period, with its stock value rising by 8.8% in 9 months. The company was also tasked by Saudi Arabian investment firm Algihaz Holding to construct the world's largest off-grid energy storage project in the Kingdom of Saudi Arabia.

OIL COMPANIES ARE ALSO INVESTING IN GREEN ENERGY

While oil and gas companies are making investments to reduce emissions in carbon capture technologies and the petrochemical sector, it is anticipated that trends in the energy sector will continue to change worldwide.

As of the end of September, the company with the largest market value among oil and gas companies was Saudi Aramco, based in Saudi Arabia, with 1 trillion 739.5 billion dollars.

It was followed by American ExxonMobil with 554.6 billion dollars, Chevron with 273.6 billion dollars, Chinese PetroChina with 228 billion dollars, and British Shell with 209.1 billion dollars.

Saudi Aramco experienced a dollar-based loss of 22% in its stock value in the first 9 months of the year due to the decline in oil prices and the shares sold by the Saudi government to increase liquidity.

GLOBAL GIANTS HAVE TURNED THEIR FOCUS TO GREEN ENERGY

ExxonMobil increased its stock value by 15% since the beginning of the year. During this period, the company, which increased its daily oil production by acquiring Pioneer Natural Resources for 60 billion dollars to boost shale gas production in the USA, is also continuing its green energy investments by allocating large budgets to carbon capture and low-carbon energy investments.

Chevron's shares experienced a 1% loss during the same period, while achieving record production in the Permian Basin. The company, which aims to grow in renewable energy and carbon capture, is seen to be accelerating its renewable energy and diesel projects.

PetroChina's stock value increased by 19% in the first 9 months of the year. The company, which increased its market value with new incentives, is implementing wind and solar energy projects while also continuing carbon capture and storage operations. Additionally, it had also increased its oil and natural gas production and sales in the first half of the year.

Shell, on the other hand, declined by 1% during this period, with the sluggishness in Europe and weak demand in other major markets, especially China, contributing to this performance as new refineries entered the market.