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Chevron explores more deals to power U.S. data centers
The U.S. energy giant looks to capitalize on surging electricity demand from AI and cloud data centers.
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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.
The U.S. energy giant looks to capitalize on surging electricity demand from AI and cloud data centers.
Read the full storyChevron CFO Eimear Bonner told CNBC that U.S. gasoline prices are expected to moderate, following President Trump's criticism of Big Oil for price gouging.
The companies signed a 20-year agreement to power a $7 billion data center project in Texas, securing long-term energy supply and revenue visibility.