Chevron says considering more deals to power U.S. data centers (CVX:NYSE)

Chevron will fuel Microsoft's huge West Texas data center with gas for 20 years

Microsoft's AI buildout in West Texas is poised to rely on fossil fuels for years, with Chevron saying it will supply natural gas to a massive Microsoft data center under a 20-year agreement, as CNBC reported. What happened? Chevron said Monday that it intends to use natural gas to power Microsoft's Project Kilby data center in Reeves County, Texas, through a long-term arrangement. CNBC reported that the site is expected to require nearly 2.7 gi…

Chevron says considering more deals to power U.S. data centers (CVX:NYSE)

Chevron is exploring additional data center deals across the US, an executive told Reuters, just days after announcing an agreement with Microsoft to power a massive west Texas data center.

Chevron (NYSE:CVX) Shares Move as Oil Drops and AI Power Pact Lands Before Holiday Week

Chevron closed at $171.06, down 0.69%, as oil prices slid over 3% on easing supply fears, leaving investors to weigh whether its new 20-year Microsoft data-center power deal can offset oil volatility and provide steadier revenue, with risks tied to oil price swings and the project's uncertain returns.

Chevron-Microsoft Deal Locks In Permian Gas for 2.67-Gigawatt Texas AI Campus

Chevron Corporation signed a 20-year power purchase agreement with Microsoft to supply electricity from a co-located natural gas-fired facility in West Texas. The project, known as Project Kilby, targets up to 2.67 gigawatts of capacity for a Microsoft data center campus in Reeves County near Pecos. First power is slated for 2028, with phased buildout extending into the 2030s. The agreement marks Chevron’s entry into dedicated power supply for h…