Chevron Maintains 2028 Data Center Power Target Despite Texas Pause

What happened: Chevron (CVX) said it still targets initial power delivery in 2028 for Microsoft's (MSFT) West Texas data center project, Project Kilby, despite Texas pausing some data center permits. Key numbers: Initial delivery targeted for 2028; capacity expected to expand through 2031; Governor Greg Abbott announced on Aug. Why it matters: CFO Eimear Bonner said permitting, engineering and financing remain on track and she does not anticipate impact on the 2028 schedule. The project would generate its own power and use non-potable water for cooling. Market: -0.8% today ($226.02), +47.7% YTD, 0.2x vol — as of 16:32 UTC

Chevron (CVX) said it still targets initial power delivery in 2028 for Microsoft's (MSFT) West Texas data center project, Project Kilby, despite Texas pausing some data center permits.

CFO Eimear Bonner said permitting, engineering and financing remain on track and she does not anticipate impact on the 2028 schedule. The project would generate its own power and use non-potable water for cooling. Market: -0.8% today ($226.02), +47.7% YTD, 0.2x vol — as of 16:32 UTC