CVX · News · 20260829N
Project Kilby Data Center Power
CHEVRON CORP · 2026-08-29 · Importance 37 · Surprise 42 · In source text
Chevron entered a 20-year power purchase agreement to supply electricity to a new Microsoft data center in Texas. The arrangement is part of Project Kilby, which uses GE Vernova gas turbines to generate power for the data center. The deal represents a strategic expansion into data-center power supply and gas-fired generation infrastructure, although the reported coverage does not disclose a contract value or capacity.
Key facts
- Chevron entered a 20-year power purchase agreement to supply electricity for a new data center in Texas. source
- The agreement is part of Project Kilby, which utilizes GE Vernova's gas turbines to power the data center. source
- Beacon Pointe Advisors LLC owned 586,022 shares of Chevron Corporation after selling 26,914 shares during the period. source
- Chevron has a trailing 12-month payout ratio of 66%. source
- Beacon Pointe Advisors LLC trimmed its holdings in shares of Chevron Corporation by 4.4% in the second quarter. source
- Chevron remains the only U.S. supermajor operating in Venezuela. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | committed | — | Chevron entered a 20-year power purchase agreement to supply electricity for a new data center in Texas. |
| liability | negative | committed | — | Chevron entered a 20-year power purchase agreement to supply electricity for a new data center in Texas. |