Chevron Becomes Infrastructure Provider in 2.7-Gigawatt Microsoft Power Deal

Chevron and Microsoft have signed a 20-year contract for natural gas-fired power supply to an AI data center in West Texas, announced June 22, 2026. The 2.7-gigawatt facility reframes Chevron's role from cloud customer to infrastructure counterparty—a structural shift driven by hyperscalers' need for dedicated, dispatchable generation as AI workload density outpaces utility grid capacity in major markets.