Chevron Becomes Power Provider for Microsoft's AI Data Center in West Texas

Chevron and Microsoft signed a 20-year contract for 2.7 gigawatts of natural gas power to an AI data center in West Texas, announced June 22, 2026. The deal marks a structural shift: Chevron moves from customer to infrastructure partner, reflecting hyperscalers' urgent need for dedicated, dispatchable generation as AI compute demand outpaces available grid capacity.