Chevron and Exxon Eye Entry Into Data Center Energy Supply

Chevron and Exxon are both planning to venture into the electricity supply business to take advantage of the surge in demand expected to come from the proliferation of data centers. The majors would focus on natural gas plus carbon capture to ensure the supply is low-emission, Reuters reported this week, citing company executives from both Exxon and Chevron. “It fits many of our capabilities - natural gas, construction, operations, and being able to provide customers with a low-carbon pathway on power through CCUS (carbon capture, utilization…