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Oil Giant Emerges As An AI-Power Play; Two Key Suppliers Rally
Licensing
01:06 PM ET 06/22/2026
Chevron (CVX) announced Monday that it will power a huge Microsoft (MSFT) data center in West Texas with natural gas, using gas turbines supplied by GE Vernova (GEV) and Caterpillar (CAT). GE Vernova stock rose near a buy point, and Caterpillar stock jumped. Project Kilby, as it is known, is expected to produce 2.7 gigawatts of electricity. That is said…










