CVX · News · 20260908N

Project Kilby Data Center Power

CHEVRON CORP · 2026-09-08 · Importance 40 · Surprise 42

Chevron’s Project Kilby is intended to monetize Permian Basin natural gas through dedicated power supply for a large Microsoft AI data center. The project is supported by a 20-year take-or-pay power supply agreement with Microsoft. The arrangement positions Chevron to participate in rising data-center electricity demand while integrating upstream gas production with power generation. The report characterizes the project as a potential source of long-term demand for Chevron’s Permian natural gas.

Key facts

• Project Kilby positions Chevron to monetize Permian Basin natural gas by supplying dedicated power to a very large Microsoft AI data-center via a 20-year take-or-pay power supply agreement. source