Chevron signs Microsoft power deal, shares trade near 176 dollars

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-23, 18:16.

Chevron (US1667641005) is tied to a new power deal with Microsoft for a West Texas data center, according to Business Wire and market data pages tracked in New York. Chevron shares trade near 176 dollars on NYSE-linked quote pages on 2026-06-23, while the latest press-release stream also lists a Texas Pacific Land item connected to the same project.Business Wire release stream

Microsoft deal sets the tone

Business Wire said on 2026-06-22 that Chevron signed a 20-year power agreement with Microsoft for a West Texas data center project. The same release stream also shows a June 23 update from Texas Pacific Land Corporation on land and water solutions for Chevron in the large-scale power project.FT market summary for CVX

That structure matters because Chevron is still one of the biggest energy names on Wall Street, and the stock trades in the NYSE universe rather than on a local DAX venue. MarketBeat lists the shares at 174.87 dollars at the previous close on 2026-06-22 and shows an extended-hours print at 176.05 dollars as of 08:47 AM Eastern on 2026-06-23.MarketBeat quote page

Analysts still frame the name

Reuters-style market commentary is not needed to confirm the price move here, because the current catalyst is the Microsoft power contract and the matching press-release trail. The FT summary shows Chevron at 175.06 dollars on last trade, which places the shares 22.94 percent above the 52-week low of 142.40 dollars set on 2025-06-30.

Robinhood’s quote page puts Chevron’s market capitalization at 350.12 billion dollars, with a dividend yield of 3.99 percent and a 2026-06-23 intraday range of 174.70 to 176.36 dollars. That keeps the discussion centered on scale, cash return and the stock’s current New York pricing, not on speculation.eToro market page

The core business mix

Chevron’s representative products sit in crude oil, natural gas, refining and chemicals, with the company also marketing fuels under a broad downstream network. The Microsoft agreement adds a power-supply angle to that portfolio and gives the shares a cleaner AI-infrastructure link than a standard oil headline would.MarketBeat news page

Chevron shares on NYSE

The Chevron shares (US1667641005) trade on 2026-06-23 on NYSE-linked quote pages at about 175.56 dollars in USD, with eToro showing the same market area and a current price of 175.56 dollars.

This article is for information only and does not constitute investment advice.