Chevron and Exxon Target Data Centers with Reliable Gas Power [Yahoo! Finance]
BP p.l.c. (BP)
Last bp p.l.c. earnings: 4/29 04:01 pm
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Source: Yahoo! Finance
Yet there is a twist: the temptation is natural gas generation. Wind and solar—typically described as green or clean power—are turning into a fiasco for Big Oil. Chevron and Exxon both recently said they were planning to venture into the exciting—and quite profitable—field of electricity generation. Speaking at a Reuters event in New York, Chevron's head of the New Energies division said that it has been in talks for the supply of natural gas to power generators for a year. But not just any power generators. Chevron is talking with generators that supply electricity to data center operators. “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 and storage), geothermal, and maybe some other technologies,” Jeff Gustavson said. Exxon, meanwhile, said this week that it planned to invest between $28 and $33 billion over the period 2026-2030 to boost i
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BP
Earnings
- 10/30/24 - Beat
BP
Sec Filings
- 12/19/24 - Form 6-K
- 12/10/24 - Form 6-K
- 12/5/24 - Form 6-K
- BP's page on the SEC website