Chevron's Wheatstone LNG facility in Western Australia remains offline for multiple weeks following damage from Cyclone Narelle, tightening global LNG supply at a time of existing market constraints. The extended outage introduces uncertainty around near-term earnings, delivery commitments and customer relationships. Trading at $206.90, Chevron shares sit roughly 3.4% above the analyst price target of $200.04, though approximately 44.6% below estimated fair value according to Simply Wall St. Recent momentum shows a 30-day return of about 10.8%. Investors are monitoring repair timelines, insured losses and how the disruption affects capital allocation across Chevron's LNG portfolio. The outage adds to existing concerns including a 3.44% dividend not fully covered by earnings and recent insider selling.

Microsoft and Chevron have signed an exclusivity agreement for a natural gas power plant in West Texas that would supply electricity to a data centre hub, though no final commercial terms have been agreed. The facility would initially generate 2,500 megawatts, potentially expanding to 5,000 megawatts, and could be operational by 2027. The plant would operate outside the public power grid as part of a broader "shadow grid" strategy, allowing developers to bypass lengthy grid connection processes. At least 47 similar data centre projects are under way nationwide, according to a Washington Post report. The development highlights tensions between AI expansion and climate commitments. Microsoft's emissions have risen over 23 percent since it announced climate goals, whilst new gas plants risk locking in fossil fuel use for decades.

KEWAZO, the robotics company transforming heavy industry worldwide, today announced a new funding round backed by Chevron Technology Ventures, Asahi Kasei, B...