Chevron's New Venture: Powering Data Centers with Natural Gas
Update: 2025-11-12
Description
Chevrons New Venture: Powering Data Centers with Natural GasChevron, the oil giant, is venturing into a new business direction by powering data centers with natural gas. Their first project, set to be operational by 2027, is in West Texas, leveraging the regions abundant natural gas supply. This move signifies traditional energy companies adapting to new technological needs. Chevron is partnering with Engine No. One, an investor group, to secure a deal for seven large natural gas turbines. The company anticipates a fourteen percent annual growth in free cash flow, potentially reaching thirty billion dollars by 2030.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
