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Chevron Newsroom
The two major US Energy giants are targeting the "fat" of the AI era: powering Datacenters.
Executives from the two major Energy giants in the USA, Chevron and Exxon Mobil, stated on Wednesday that they are considering entering the Electrical Utilities Industry and discussing the use of Henry Hub Natural Gas and carbon capture technology to supply power to AI Datacenters in the Technology sector. Previously, USA oil companies typically only produced power for their own Business. However, amid the current surge in demand, they are attempting to enter a broader Electrical Utilities market.
Trump is reportedly set to ring the bell at the NYSE today. What does it signify?
① According to media reports, the USA's incoming president Trump will go to the NYSE on Thursday to ring the opening bell and deliver a speech; ② There are reports that Trump will be named Time Magazine's Person of the Year for 2024, but this has not yet been confirmed by Time; ③ Since Trump's announcement of victory, the three major US stock indices have risen repeatedly, with the market encouraged by promises of tax cuts and deregulation.
Update: WTI Rises on China Demand Hopes, As U.S. Inventories Fall and OPEC Trims Its Demand-Growth Forecast
Weekly Crude Inventories Fall More Than Expected; Oil Prices Rise Despite OPEC Cutting Demand Outlook
Chevron Working on Supply of Power to Data Centers, Executive Says
Exxon Mobil's New Plan Goes Bigger on Oil and Even Data Centers
Express News | Reuters Next - Chevron New Energies President Says in Developing World, We Still Have a Significant "Energy Poverty Problem"
Express News | Reuters Next - Chevron New Energies President Says We're Very Consistent in Our Strategies, We Will Stick With Our Stated Strategy
Express News | Reuters Next - Chevron New Energies President Says Look Forward to Working With Trump Administration
Express News | Reuters Next - Chevron New Energies President Jeff Gustavson Says We're Working on Natural Gas Fuel Plant Similar to Exxon's to Power Data Centers
Market Climbs on CPI Inflation and Likelihood of Rate Cuts | Livestock
US Total Crude Oil Stocks Decline in Week Ended Dec. 6
Express News | Exxon CEO Darren Woods Says Our Next Generation Graphite Will Reduce Charging Times And Boost EV Range By 30%; Sees Potential Addressable Market For Company's New Products Of More Than $400B By 2030, Growing To $2.3T By 2050; CFO Kathryn Mikells Says...
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