CVX · News · 20261031N

AI Data Center Power Agreement

CHEVRON CORP · 2026-10-31 · Importance 33 · Surprise 24

Chevron says it is proceeding on schedule with its plan to power a Microsoft data center in West Texas, despite Texas Governor Greg Abbott’s temporary suspension of digital infrastructure permits. CFO Eimear Bonner said permitting, engineering, and financing work are progressing, with no expected effect on the planned 2028 power-up or 2031 ramp-up. The permit pause was attributed to local opposition and Abbott’s re-election campaign.

Key facts

• Chevron is proceeding on schedule with its plan to power a Microsoft data center in West Texas, with no expected impact on the 2028 power-up and 2031 ramp-up timeline. source