Chevron Is Hungry for More Power Deals After Inking a 2.7-Gigawatt Contract With Microsoft. Here's Where the Energy Giant Is Looking Next.
Management has already said that when and where the fiscal math makes sense, it intends to replicate this arrangement. And it should.
Overview
Integrated energy outfit Chevron (NYSE: CVX) is looking beyond the traditional oil and gas business for growth opportunities. That's the chief takeaway from a late-June press release in which the company announced it was working with Microsoft to power one of its new artificial intelligence (AI) data centers in West Texas, bypassing local electric utilities.
This is just a taste, however, of the direction the energy company is moving in now that it has the option to do so.
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Originally published at www.fool.com.
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