Chevron Corp and Exxon Mobil are considering entering the electricity business, with the U.S. oil majors working on deals to use natural gas and carbon capture to power the technology industry's AI data centers,

U.S. oil major Chevron Corp is considering ways to supply lower carbon power for data center operators, Jeff Gustavson, president of Chevron New Energies said in an interview at the Reuters NEXT conference in New York.

GE Vernova Inc. has signed multiple contracts to sell natural gas turbines for data centers that will use enough power to light up major cities, the company’s top executive said.

Chevron executive says the energy company isworking on low-carbon options to power data centers:: New York:: December 11, 2024:: Richelle Carey, Event moderator"Just a few hours ago, Exxon made an announcement that they are going to be designing a massive natural gas fuel plant meant specifically to power data centers.