Oil Giant Chevron Becomes Power Provider for Microsoft's AI Computers

Chevron and Microsoft signed a 20-year contract on June 22, 2026, for Chevron to supply natural gas power to Microsoft's AI data center in West Texas. The 2.7-gigawatt deal (enough to power roughly 2 million homes) shows how energy companies are now building power plants specifically for tech giants, as AI computing demands outstrip traditional power supplies.