Chevron Is Getting More Serious About Power

Chevron, the second-largest oil producer in the U.S., is entering exclusive negotiations with a major customer to establish a plant in West Texas aimed at servicing an AI data center. This move signifies Chevron's increasing focus on power generation, particularly in the context of supporting technological advancements such as artificial intelligence. The development is noteworthy as it reflects the evolving energy landscape and the growing intersection between traditional energy companies and emerging tech sectors.