Has Chevron Found a New Growth Platform?
One of the knocks against (NYSE: CVX), and many other oil and natural gas companies, is that they aren't participating in the energy transition toward electricity. That may have changed significantly, as Chevron has just tentatively agreed to provide 2.7 gigawatts of electricity to a (NASDAQ: MSFT) data center. Is Chevron suddenly an AI play? Here's what you need to know.
What's really happening between Chevron and Microsoft isn't exactly an electricity deal. Chevron is partnering with GE Vernova (NYSE: GEV) to build a natural gas-powered electric power plant. Assuming the agreement receives final approval, which won't be known until later in the year, it will provide Microsoft with dedicated power at a Microsoft data center under a 20-year agreement.
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Source Fool.com
Chevron Corp. Aktie
Starkes Kaufinteresse bei Chevron Corp., mit einer großen Anzahl an Buy- und wenigen Sell-Einschätzungen.
Ein positives Kurspotenzial für Chevron Corp. ist gegeben, mit einem Kursziel von 179 € über dem aktuellen Kurs von 170.7 €.
