Microsoft Reportedly Explores $7 Billion Texas Power Deal With Chevron, Engine No. 1 To Fuel AI Data Center Expansion (UPDATED)

Microsoft Corp has entered an exclusivity agreement with Chevron and Engine No. 1 to explore a $7 billion natural gas-fired power plant project in West Texas, aimed at supporting the increasing energy demands of AI workloads. The proposed facility is expected to generate approximately 2,500 megawatts of electricity. Microsoft shares closed at $370.17, up 3.12%, while Chevron shares closed at $206.90, down 1.81%. No definitive agreement has been finalized yet.