Chevron and Microsoft have signed a 20 year deal for Chevron to supply electricity to a large AI focused data center in Texas tied to Project Kilby. Chevron is also reviewing additional U.S. data center power projects that would use its natural gas resources. The move signals an expansion of Chevron's role in supplying power to tech infrastructure as AI related electricity demand grows. Chevron, traded as NYSE:CVX, is stepping directly into the data center power business with this long term agreement. Its core shares recently closed at $165.76. The stock is up 6.3% year to date and up 18.6% over the past year, with longer term gains of 19.6% over three years and 95.7% over five years. The 20 year commitment to Project Kilby and the exploration of similar U.S. projects connect Chevron's natural gas and power capabilities to persistent electricity needs from AI data centers. For Chevron, supplying electricity to Microsoft's AI focused data center through Project Kilby shifts part of its business model from selling raw hydrocarbons to selling long term, contracted power. Interest from other U.S. data center operators suggests Chevron is positioning itself alongside peers like ExxonMobil and ConocoPhillips to serve power hungry AI infrastructure.