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Stock impact report

Chevron Could Build a $7 Billion Gas Plant to Power Microsoft's AI Ambitions. Time to Buy the Energy Giant? [Globe and Mail, The (Toronto, Canada)]

Chevron Corporation (CVX) 
Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: chevron.com/investors
The facility would use natural gas produced in the prolific Permian Basin. It would enhance Chevron's ability to deliver on its high-octane growth strategy. Chevron (NYSE: CVX) and investment fund Engine No. 1 are working to finalize a deal with Microsoft (NASDAQ: MSFT) to build a new natural gas-fired power plant in Texas. The proposed 2.5-gigawatt (GW) facility would be one of the largest in the country. It would provide power to a large AI data center campus. The energy giant is looking to cash in on surging power demand from Microsoft and other technology companies to support their AI ambitions. This strategy could provide Chevron with a powerful new growth engine. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Image source: Getty Images. Cashing in on excess gas Early last year, Chevron and Engi Show less Read more
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