Chevron Scores Long-Term Deal with Microsoft as Stock Trades Above Key Averages

Chevron Corporation has secured a long-term energy supply agreement with Microsoft for its AI data centers, part of Project Kilby. The deal will provide stable demand and reinforce Chevron's position in modern energy solutions.

The second-quarter adjusted earnings of $12 billion have been reported, with benefits from the Hess acquisition and cost reduction measures strengthening the balance sheet.

Chevron stock is trading above its key moving averages, indicating ongoing upside momentum. The price sits at $197.02, with a volatility band expected to trade within $191.87 to $199.97 over the next few days.