Chevron Stock Holds Firm Amid Venezuela Deal Talks and AI Data Center Power Play

Chevron's stock price has remained stable around $202 in recent sessions as of August 29, 2026. The company reported strong second-quarter earnings per share of $6.06, exceeding market expectations due to higher oil prices and increased production volumes.

The energy major has also made significant strategic moves, including a 20-year power purchase agreement with Microsoft to supply electricity to an AI-focused data center in Texas. This deal underscores Chevron's growing involvement in the digital infrastructure boom.

As investors weigh the company's performance, they are balancing the robust earnings against potential risks and uncertainties related to global energy markets and policy changes.