Chevron and Exxon Mobil are exploring entering the electricity business by using natural gas and carbon capture technologies to power AI data centers. Chevron has been in talks for over a year about providing natural gas-fired power with carbon capture, while Exxon Mobil also plans to offer low-carbon electricity to data centers by the end of the decade, leveraging similar technologies.
Chevron and Exxon Mobil are exploring entering the electricity business by using natural gas and carbon capture technologies to power AI data centers. Chevron has been in talks for over a year about providing natural gas-fired power with carbon capture, while Exxon Mobil also plans to offer low-carbon electricity to data centers by the end of the decade, leveraging similar technologies.