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-0.000113035221775131 4.52140887100009E-05 0.000135642266130131 0.000361712709680264 0.00137902970565631 0.00092688881855579 0.00221549034679197 0.00368494822986842
Stock impact report

Chevron CEO says natural gas demand will outpace expectations on data center electricity needs [CNBC]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: CNBC
“It's a little hard to quantify right now because this is evolving so quickly on the AI side,” Wirth told CNBC's Sara Eisen at the Milken Institute's Global Conference in Los Angeles. “But I think demand for natural gas is likely to be higher than what people have been estimating up until now.” Wirth said the move to electrify the nation's vehicle fleet, heating and manufacturing as well as the increase in demand from data centers will require reliable and affordable backup power generation. Wind and solar offer affordable power in some regions, but they still face challenges in generating enough electricity to meet peak demand because they rely on variable weather conditions, the Chevron CEO said. “Data centers don't shut down when the sun goes down,” Wirth said. “We need to have the ability to provide baseload supply for all of these needs. I think natural gas will be a big part of that equation going forward.” Wirth said coal plants are being phased out in the U.S., nuclea Show less Read more
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