A refinery near Joliet, Ill. Tariffs could affect U.S. refiners, particularly those in the Midwest that process a lot of Canadian oil and do not have a ready substitute.
The oil company plans to build natural gas power plants that will be directly connected to data centers used by technology companies for artificial intelligence and other services.
“It’s a chance for us to help meet the moment and address this growing need for reliable and affordable power,” Mike Wirth, Chevron’s chief executive, said in an interview.
Oil and gas executives welcomed President Trump’s early moves on energy policy, but many said they did not plan to increase production unless prices rose significantly.
An oil platform on the Gulf of Mexico. Just how successful President Trump will be at bending energy markets toward fossil fuels will reveal itself over months and years.
Connexion
