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Saturday, 8 August 2026

How Chevron became the AI darling of Big Oil

Fortune 32

Chevron signed a 20-year deal with Microsoft to provide 2.67 gigawatts of natural gas-fired power for data centers in rural West Texas, launching in 2028 and ramping through 2031. Project Kilby represents the first of potentially multiple hyperscaler deals Chevron plans across gas-rich regions including the Rockies and Midwest. The project establishes Chevron as the leading oil-and-gas company positioned to serve AI infrastructure, differentiating it from competitors by combining land, natural gas resources, project management, and customer relationships.

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AI Infrastructure Microsoft

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