Chevron signs Microsoft power deal, shares stay near 52-week high

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-23, 11:39.

Chevron (US1667641005) is tied to a 20-year power deal with Microsoft and a fresh market read on the NYSE-listed shares. Reuters-linked reporting and U.S. market data put the announcement next to a near-record valuation backdrop.

Microsoft deal details

Investing.com reported that Chevron announced a 20-year power purchase agreement with Microsoft for the Project Kilby data-center development in West Texas, with first power targeted for 2028. The project is designed for phased expansion to about 2.67 gigawatts, according to the same report. Investing.com report on the Microsoft contract

That link to Microsoft gives Chevron a clear power-market angle that sits alongside its core oil and gas business. MarketBeat showed Chevron at $174.87 on June 22, 2026, after a 52-week high call tied to analyst upgrade coverage. MarketBeat on the 52-week high and analyst upgrade

NYSE backdrop

The shares trade on the NYSE under CVX, and TrendSpider showed $175.14 at the latest quoted U.S. session with a market capitalization of $348.79 billion. That keeps Chevron among the biggest energy equities in the S&P 500. TrendSpider quote and market-cap page

For context, Chevron also appears on live.deutsche-boerse.com with ISIN US1667641005 and WKN 852552, which gives European investors a local reference point. The venue page lists the stock and the last trading-day fields for the Frankfurt-linked market view. Deutsche Boerse live page for Chevron

Chevron's core businesses

Chevron's business still centers on upstream oil and gas, downstream refining and chemicals, plus capital-heavy project development. The Microsoft-linked power contract adds a visible energy-transition element to that mix.

Chevron on the tape

The Chevron shares (US1667641005) trade on 2026-06-23, 11:39 UTC on the NYSE at 175.14 dollars.