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ResolvedStocks

Chevron and Microsoft Ink 20-Year Power Deal for $7B Texas Data Center Project

First Detected: Jun 22, 2026, 11:52 AM
Last Update: 2 months ago
18 articles·3 stories

Event Summary

On June 22, Chevron and Microsoft signed a 20-year agreement to power a $7 billion data center project in Texas. On June 25, Chevron CFO Eimear Bonner told CNBC she expects U.S. gasoline prices to fall. Bonner's comments came after President Trump accused Big Oil of "gouging" consumers for not lowering gasoline prices despite lower oil prices.

Timeline

Chevron explores more deals to power U.S. data centers
Jun 27, 2026, 12:01 AMImpact: 5
Chevron CFO expects lower gas prices after Trump 'gouging' accusations
Jun 25, 2026, 10:01 AMImpact: 4
Chevron and Microsoft Ink 20-Year Power Deal for $7B Texas Data Center Project
Jun 22, 2026, 11:52 AMImpact: 5

Price Impact

Since event start
CVX+20.71%
MSFT+34.47%