Chevron CEO Unveils Strategy to Fuel AI Data Centers While Minimizing Grid Expenses
Chevron CEO Mike Wirth joins ‘Mornings with Maria’ to discuss record oil production, rising dividends, and the company’s long-term growth strategy.
Chevron CEO Mike Wirth recently outlined the company’s innovative strategy to leverage U.S. natural resources to meet the increasing demand for electricity driven by artificial intelligence (AI), all while ensuring that consumers do not bear the costs. Wirth emphasized the need for sustainable energy solutions as data centers require more electricity, putting pressure on the grid and driving up electricity prices.
In an interview on “Mornings with Maria,” Wirth explained, “As data centers need more and more electricity, we’re working to build an energy park that’s not connected to the grid, so the costs don’t flow to all consumers.” This approach not only mitigates costs for consumers but also positions Chevron to “convert energy into intelligence.”
During his appearance on FOX Business, Wirth discussed Chevron’s record performance and its long-term growth strategy, particularly as AI continues to drive unprecedented demand for reliable electricity. He noted that the company is tapping into the “tremendous resource” of U.S. natural gas to generate power directly for hyperscale data centers, effectively bypassing the traditional electric grid. This strategy insulates the public from rising electricity costs.
CHEVRON CEO APPLAUDS TRUMP ADMINISTRATION’S ENERGY POLICY SHIFT DURING PERMIAN BASIN TOUR
Chevron CEO Mike Wirth gives the keynote address as top energy executives and ministers meet in Houston for the annual Gastech conference in Houston, Texas, on Sept. 17, 2024. (Reuters/Callaghan O’Hare / Reuters)
Wirth further elaborated, stating, “This is another advantage where you can convert energy into intelligence, and the abundance of energy that this country has can translate not only into energy dominance but into AI dominance.” This perspective highlights the dual benefits of energy resource management and technological advancement.
ENERGY SECRETARY SAYS CHEVRON EXPANSION, US OIL ROLE IN VENEZUELA COULD COME ‘PRETTY QUICKLY’
Flared natural gas is burned off at Apache Corporations operations at the Deadwood natural gas plant in the Permian Basin on Feb. 5, 2015 in Garden City, Texas. (Spencer Platt/Getty Images / Getty Images)
In 2025, Chevron announced plans to develop an off-grid natural gas facility in West Texas, specifically designed to generate electricity for large-scale data centers without relying on the traditional power grid. This initiative is part of a broader strategy to support the rapid expansion of AI and data center infrastructure across the United States.
The company previously announced a partnership with activist investment firm Engine No. 1 and GE Vernova to explore natural gas-powered solutions aimed at bolstering this infrastructure.
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FOX Business correspondent Madison Alworth reports on Lonestar planning A.I. data centers in space, with satellites launching this fall and goals for lunar centers by 2030 on ‘Varney & Co.’
This discussion comes on the heels of Chevron posting a record year of oil production, which helped mitigate the impact of lower oil prices. Wirth noted that the company’s free cash flow rose by 35%, alongside a series of other financial gains, despite a 15% decline in oil prices.
Chevron CEO Mike Wirth joins ‘Mornings with Maria’ to discuss record oil production, rising dividends, and the company’s long-term growth strategy.
Chevron CEO Mike Wirth recently outlined the company’s innovative strategy to leverage U.S. natural resources to meet the increasing demand for electricity driven by artificial intelligence (AI), all while ensuring that consumers do not bear the costs. Wirth emphasized the need for sustainable energy solutions as data centers require more electricity, putting pressure on the grid and driving up electricity prices.
In an interview on “Mornings with Maria,” Wirth explained, “As data centers need more and more electricity, we’re working to build an energy park that’s not connected to the grid, so the costs don’t flow to all consumers.” This approach not only mitigates costs for consumers but also positions Chevron to “convert energy into intelligence.”
During his appearance on FOX Business, Wirth discussed Chevron’s record performance and its long-term growth strategy, particularly as AI continues to drive unprecedented demand for reliable electricity. He noted that the company is tapping into the “tremendous resource” of U.S. natural gas to generate power directly for hyperscale data centers, effectively bypassing the traditional electric grid. This strategy insulates the public from rising electricity costs.
CHEVRON CEO APPLAUDS TRUMP ADMINISTRATION’S ENERGY POLICY SHIFT DURING PERMIAN BASIN TOUR
Chevron CEO Mike Wirth gives the keynote address as top energy executives and ministers meet in Houston for the annual Gastech conference in Houston, Texas, on Sept. 17, 2024. (Reuters/Callaghan O’Hare / Reuters)
Wirth further elaborated, stating, “This is another advantage where you can convert energy into intelligence, and the abundance of energy that this country has can translate not only into energy dominance but into AI dominance.” This perspective highlights the dual benefits of energy resource management and technological advancement.
ENERGY SECRETARY SAYS CHEVRON EXPANSION, US OIL ROLE IN VENEZUELA COULD COME ‘PRETTY QUICKLY’
Flared natural gas is burned off at Apache Corporations operations at the Deadwood natural gas plant in the Permian Basin on Feb. 5, 2015 in Garden City, Texas. (Spencer Platt/Getty Images / Getty Images)
In 2025, Chevron announced plans to develop an off-grid natural gas facility in West Texas, specifically designed to generate electricity for large-scale data centers without relying on the traditional power grid. This initiative is part of a broader strategy to support the rapid expansion of AI and data center infrastructure across the United States.
The company previously announced a partnership with activist investment firm Engine No. 1 and GE Vernova to explore natural gas-powered solutions aimed at bolstering this infrastructure.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
FOX Business correspondent Madison Alworth reports on Lonestar planning A.I. data centers in space, with satellites launching this fall and goals for lunar centers by 2030 on ‘Varney & Co.’
This discussion comes on the heels of Chevron posting a record year of oil production, which helped mitigate the impact of lower oil prices. Wirth noted that the company’s free cash flow rose by 35%, alongside a series of other financial gains, despite a 15% decline in oil prices.
