Chevron CEO says natural gas demand will outpace expectations on data center electricity needs
Publishing timestamp: 2024-05-06 13:36:47
Summary
Chevron CEO Mike Wirth believes natural gas demand will rise due to electricity consumption from data centers. He stated that wind and solar face challenges meeting peak demand, and natural gas is the most likely source for reliable baseload power. Wirth predicts that natural gas demand will outpace expectations as electricity consumption surges from artificial intelligence and data centers.
Sentiment: NEUTRAL
Keywords: chevron corp, markets, williams companies inc, breaking news: markets, energy, business news, eqt corp, investment strategy, breaking news: investing, kinder morgan,
Source: https://www.cnbc.com/2024/05/06/chevron-ceo-says-natural-gas-demand-will-outpace-expectations.html