Chevron, GE Vernova Partner to Power AI Data Centers With Natural Gas
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 28 2025
0mins
Source: investopedia.com
Partnership Announcement: Chevron and GE Vernova have teamed up with Engine No. 1 to construct natural-gas power stations aimed at supporting AI data centers in the U.S., utilizing seven turbines to provide up to 4 gigawatts of power by the end of 2027.
Market Impact: The announcement has led to significant drops in shares of nuclear power providers, with Constellation Energy and Vistra seeing declines over 20%, while GE Vernova's stock also fell sharply before recovering slightly the following day.
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Analyst Views on CVX
Wall Street analysts forecast CVX stock price to fall
19 Analyst Rating
15 Buy
4 Hold
0 Sell
Strong Buy
Current: 188.770
Low
158.00
Averages
176.95
High
206.00
Current: 188.770
Low
158.00
Averages
176.95
High
206.00
About CVX
Chevron Corporation is an integrated energy company. The Company produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance its business and industry. The Company’s segments include Upstream and Downstream. Upstream operations consist primarily of exploring for, developing, producing and transporting crude oil and natural gas; liquefaction, transportation and regasification associated with LNG; transporting crude oil by major international oil export pipelines; processing, transporting, storage and marketing of natural gas; carbon capture and storage; and a gas-to-liquids plant. Downstream operations consist primarily of the refining of crude oil into petroleum products; marketing crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels, and transporting of crude oil and refined products by pipeline, marine vessel, motor equipment and rail car.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Unclear Strategic Goals: Initially aimed at destroying Iran's nuclear program, the U.S. objectives have shifted to protecting the American public from unspecified Iranian threats, indicating a lack of clarity in strategic direction.
- Potential for Extended Conflict: Analysts suggest that despite Trump's claim of a four to five-week military operation, the complexity of Iran's security apparatus may prolong the conflict, leading to economic and market instability.
See More
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- Oil Market Response: Jim Cramer noted that the oil market seems to indicate that the war with Iran will not lead to prolonged disruptions in global crude supply, despite major energy stocks like Exxon Mobil and ConocoPhillips falling 1.3% and 2.4%, respectively.
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- Stock Market Rally: With expectations of oil market stability, the Dow Jones Industrial Average rose 0.5%, the S&P 500 gained 0.8%, and the Nasdaq climbed 1.3%, indicating investor optimism about the economic outlook.
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See More
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- Defense Stock Investment: His purchase of Carpenter Technology ($CRS), which manufactures alloys for defense contractors, has already seen a 22% increase in value, suggesting that his strategy in the defense sector could yield significant returns.
- Increased Market Scrutiny: Given his position on the Senate Armed Services Committee, Mullin's investment portfolio is under heightened scrutiny, particularly regarding potential conflicts of interest in his investments in defense and oil sectors.
- Historical Trade Review: Mullin previously bought six out of the seven Magnificent Seven stocks on December 29, 2025, reflecting his interest in large-cap tech stocks, although his past violations of the STOCK Act regarding transaction disclosures have raised concerns about his trading transparency.
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