Chevron Emerges As AI Power Play. 2 Key Suppliers Are Popping.

Chevron partners with Microsoft for 20-year power production deal to fuel AI data centers

Chevron commits 2.67 GW natural gas power to Microsoft's AI data center over 20 years; first power 2028. Investment-grade contracts de-risk utility revenues; signals hyperscale AI requires direct energy partnerships, reshaping capex and infrastructure decisions.