Chevron unveils 2030 plan with AI power projects, $20 bn buybacks
Chevron (CVX) unveiled its 2030 plan focusing on AI-driven power projects, cash flow growth, and shareholder returns. The company expects $1.5 billion in Hess contributions by 2026 and will repurchase $10–$20 billion in shares annually through 2030. It also plans a West Texas AI data center power project by 2027 while maintaining capital discipline amid global energy shifts.