Two Fossil Fuel Companies Are Betting Big on Data Centers

Chevron and Williams are big winners in the race to power artificial intelligence as they build out gas-fired power plants and pipelines. It's been a banner year for oil and gas companies. Some of the world's biggest oil giants have announced billions of dollars in quarterly profits over the past two weeks, boosted largely by the soaring price of oil thanks to the conflict in the Middle East. But the artificial intelligence boom is also giving fossil fuel companies a new industry to sell their gas, pipelines, and power plants to: data centers . Two American oil and gas companies, Williams and Chevron, are presenting that demand to investors as a huge win.