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Is Big Tech 'greenwashing' its environmental responsibilities ahead of COP26?
Do Big Tech's protestations of sustainable progress signify a legitimate effort to clean up its collective act or are they simply more PR spin?
Alexa can now pay for gas at Exxon and Mobil pumps
The option's available at more than 11,500 stations across the US.
Alexa will help pay for your gas at ExxonMobil pumps
It could soon be decidedly easier to fill up if you're driving a gas-powered car. ExxonMobil and Fiserv have teamed up on an Alexa skill that will pay for gas at Exxon and Mobil stations across the US. Once you tell Alexa in your car or phone to "pay for gas," the voice assistant will confirm both the station and pump number -- do that and it'll both activate the pump and use Amazon Pay to cover your purchase. You won't have to leave your car alone when all you want is a quick top-up.
Buick Marketplace adds in-dash fuel payments for Exxon
General Motors is giving customers in the US the ability to pay for gas at Exxon and Mobil stations from within their infotainment systems, and it's starting with Buick vehicles. Today, the automaker is rolling out a Marketplace update for Buicks that have access to it, which will add Exxon Mobil as one of its partner brands. It works like the in-dash fuel payment system GM-owned Chevy launched for Shell stations back in April: fire up the in-vehicle commerce platform, tap the Exxon Mobil icon and choose the Pay for Fuel option. You'll also need to type in the pump number to unlock it, but it doesn't get more complicated than that.
Hummingbird-inspired wind turbines, and more in the week that was
It's official: New York just gave the green light to build the largest offshore wind farm in US history. The project will be located 30 miles southeast of Montauk, and it will produce enough energy to power 50,000 homes. Meanwhile, researchers have developed a revolutionary new wind turbine that trades spinning blades for flapping wings reminiscent of a hummingbird. Dubai kicked off phase three of the world's largest solar park. When it's complete it will produce a whopping 800 megawatts of clean energy. Speaking of the sort, Elon Musk is a champion of clean energy -- so imagine our surprise when Musk threw his support behind former ExxonMobil CEO Rex Tillerson as Secretary of State. And Ireland just voted to become the world's first country to fully divest from fossil fuels.
Exxon must turn over decades of climate change research
A court in Massachusetts has ruled that Exxon Mobil must reveal how much it knew about our looming environmental apocalypse. The oil giant is under investigation by the state's attorney general, Maura Healey, who is looking at claims that the company mislead investors about climate change. The court has compelled the company to hand over decades' worth of paperwork relating to what Exxon chiefs knew, and when.
Rockefellers give Exxon Mobil lashing over the environment
Two years ago, the Rockefeller Brothers fund divested its holding in Exxon Mobil, the company created* by John D. Rockefeller. Now, more descendants of the world's richest oil baron are launching a public broadside against the company that made their fortune. In an editorial for the New York Review of Books, fifth-generation Rockefeller David Kaiser (of the Rockefeller Family Fund) talks about Exxon's complicity in our looming ecological catastrophe.
Daily Update for August 2, 2013
It's the TUAW Daily Update, your source for Apple news in a convenient audio format. You'll get all the top Apple stories of the day in three to five minutes for a quick review of what's happening in the Apple world. You can listen to today's Apple stories by clicking the inline player (requires Flash) or the non-Flash link below. To subscribe to the podcast for daily listening through iTunes, click here. No Flash? Click here to listen. Subscribe via RSS
Apple is the world's most valuable company... again
Wow, it seems like it was only yesterday that we were reporting that Apple had slipped by ExxonMobil as the world's most valuable company. Well, actually it was almost two years ago, but we're happy to tell you that Apple's stock price has soared recently, bringing the company back into the top spot once again in terms of market capitalization. It's interesting to note that back on August 10, 2011, Apple's market cap was at a paltry US$337.17 billion, nowhere close to this morning's $416.3 billion. Take that, Michael Dell...
Apple soars into Fortune 500's top 10
Despite the media's best attempts to make it appear that Apple is in dire financial straits, Fortune today reported that the company has made it into the top 10 of the Fortune 500 list. Apple arrives in the top 10 in the number six spot, replacing HP (now No. 15) as the leading tech company. Here's the amazing thing -- just last year, Apple was listed as No. 17 in the Fortune 500. Two years ago Apple was a distant No. 35, the spot now occupied by Microsoft. The ranking of the Fortune 500 is based on revenues, with Wal-Mart Stores at the top of the list with 2012 revenues of US$469.2 billion. Three US oil companies -- Exxon Mobil, Chevron and Phillips 66 -- made up the second through fourth positions respectively on the list, with Warren Buffett's investment firm Berkshire Hathaway just ahead of Apple in the No. 5 spot. Apple's revenues for 2012 were $156.5 billion with profits of $41.7 billion. That profit figure was exceeded only by Exxon Mobil, which, as of today, has a market capitalization of "only" $406 billion compared to Apple's $433 billion.
Apple is now the world's most valuable company
Apple and ExxonMobil played market cap tag yesterday, but at market close today Apple has pulled ahead and is now the most valuable company in the world. Apple's market cap now stands at US$337.17 billion, over $6 billion more than Exxon's $330.77 billion market cap. Market cap is only one way of measuring a company's value, and one could certainly argue that Exxon's chief product, petroleum, is a far more vital commodity to the world market than Macs, iPhones, and iPads. It's still a watershed moment for Apple, however, and the psychological impact of having the world's highest market cap is pretty phenomenal for a company that was on the ropes just 12 years ago. Will Apple hold onto its spot at the top? It's impossible to say at this point, but unless Apple really stuffs something up in the near future, its competitors are going to have a hard time unseating Apple from its spot as the financial pinnacle of the tech industry.
Apple briefly passes ExxonMobil for largest US market cap
As we reported earlier today, Apple (AAPL) shares were up to US$367.91. At that price, for a few moments, Apple was "worth" $342 billion (overall market capitalization) while ExxonMobil (XOM) was at $341 billion with a $70.71 share price. That made Apple -- briefly -- the world's most valuable company. Once the market closed, however, Exxon was worth a whopping $352.90 billion, and Apple closed with a market cap of $347.10 billion. Not bad for either of them. The markets have obviously been volatile this week and last, leading to large losses for both companies' stocks, but Apple has managed to recover more today than Exxon, leading it to overtake the oil giant, if briefly. Apple is currently off about 8% from its all-time high of $404 a share, but ExxonMobil is off nearly 20% for its $88 high. Given that oil prices are continuing to fall, it looks like Apple could yet pull ahead for some time to retain the title "Most Valuable Company in the World."
Apple set to surpass ExxonMobil as world's most valuable company
Several sites are reporting that Apple is about to pass Exxon Mobil as the world's most valued company, by market capitalization. StreetInsider.com reports that Apple's market cap is US$333.7 billion while Exxon Mobil's is $338 billion, meaning they could hit that cap today. We'll keep an eye on it and let you know when Apple surpasses this landmark milestone. If it turns out to be true, congratulations to Steve Jobs and everyone at Apple. That's an amazing achievement.
Apple worth more than $300 billion, your first iPod barely pushing $20 on eBay
Remember when Apple edged past Microsoft in the market capitalization game, way back in 2010? We were young and innocent, and AAPL was only trading at $249.99 a share. Fast forward seven months and Apple has left Microsoft in the dust, with a share price at $329.75 that puts the company's market capitalization at more than $300 billion -- making it one of only two companies worth that much in the stock market's eyes. Naturally, market cap isn't the only game afoot -- Exxon Mobil still rules the top spot, and we can't think of the last time oil did any hard work revolutionizing device UI -- but it's a pretty nice mark for a little Cupertino firm that would've been called the tech industry underdog just a decade ago.
