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0 0.000437273222663864 -5.31639176490432E-05 0.00152181714270522 0.00381451109132233 0.00455880593840969 0.00384109305014685 0.00451228751046677
Stock impact report

Chevron CEO details strategy to shield consumers from soaring AI power costs [FOX Business Network]

GE Vernova Inc. (GEV) 
Chevron CEO Mike Wirth detailed the company's strategy to harness U.S. natural resources to meet soaring artificial intelligence power demand — without passing the cost along to consumers. "As data centers need more and more electricity, and as we're seeing pressure on the grid and electricity prices, we're working to build an energy park that's not connected to the grid, so the costs don't flow to all consumers," Wirth told "Mornings with Maria," describing the approach as an advantage that allows the company to "convert energy into intelligence." Wirth joined FOX Business on Monday to discuss Chevron's record performance and long-term growth strategy as artificial intelligence drives unprecedented demand for reliable electricity. He said the company is leveraging the "tremendous resource" of U.S. natural gas to generate power directly for hyperscale data centers, bypassing the traditional electric grid and insulating the public from higher electricity costs. "This is anothe Show less Read more
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