Chevron Maintains 2028 Data Center Power Target Despite Texas Pause

Chevron Corporation CVX remains confident about its planned power supply for Microsoft Corporation's MSFT data center development in West Texas, targeting initial electricity delivery in 2028 despite regulatory uncertainty surrounding new digital infrastructure projects in the state, per Bloomberg, as cited in an Insurance Journal article. The company continues to advance permitting, engineering and financing activities for Project Kilby, signaling that it does not currently expect the temporary suspension of data center permits to derail the development timeline.