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Chevron

Houston, US · founded 1879
L0 · Energy & Power
power developersincumbentpublic

Chevron has moved directly into powering AI data centers with large natural-gas projects, including Project Kilby for Microsoft in Texas. That makes it one of the largest oil-and-gas incumbents explicitly building generation for AI campuses.

Ecosystem functionChevron is important because it brings fuel supply, project capital, and generation development into one package for hyperscale customers.

Business modelBuild and fuel power projects

Revenue—
Valuation$375Breported
Last round—
Sources · 4 ↓
  1. https://www.chevron.com/
  2. https://www.chevron.com/newsroom/2026/q2/chevron-signs-20-year-power-agreement-with-microsoft-for-west-texas-data-center
  3. https://www.reuters.com/legal/litigation/chevron-signs-power-deal-with-microsoft-texas-data-center-2026-06-22/
  4. https://www.reuters.com/business/energy/microsoft-chevron-engine-no-1-sign-exclusive-deal-power-supply-2026-03-31/
Suggest an editLast verified 2026-08-06
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