Chevron May Have Unlocked a Powerful New Growth Engine

You know it as an integrated oil and gas outfit, and that's still mostly what it is. Energy powerhouse Chevron (NYSE: CVX), however, is also now becoming something else. And it's a brilliant move.Chevron is moving into the artificial intelligence (AI) data center space. Last month, the company announced it's partnering with GE Vernova (NYSE: GEV) to supply software giant Microsoft (NASDAQ: MSFT) with electricity for one of its AI data centers in West Texas. GE Vernova will supply the natural gas turbines, and Chevron will supply the natural gas. The agreement has a 20-year term.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool