Chevron Just Jumped Ahead of ExxonMobil in Capturing This Massive Opportunity
Chevron reached the market before ExxonMobil.
Overview
As technology companies build larger and more powerful data centers, utilities and energy producers are scrambling to find ways to supply the enormous amounts of power these facilities require.
That's where oil and gas giants Chevron (NYSE: CVX) and ExxonMobil (NYSE: XOM) see a new opportunity. Both companies are pursuing natural gas-fired power plants designed specifically to support artificial intelligence (AI) data centers.
Details
But for now, Chevron appears to have taken the lead. Here's why.
Source
Originally published at www.fool.com.
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