Summary
Chevron is positioning itself as a major player in powering the AI boom through a massive deal with Microsoft, dubbed Project Kilby, to provide natural gas-fired electricity for data centers in West Texas. This 20-year agreement, set to come online in 2028, will supply 2.67 gigawatts of power and is seen by Chevron as the first of several potential hyperscaler deals in gas-rich regions.
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