Molly Taft
Aug 6, 2026 6:30 AM
Its been a banner year for oil and gas companies. Some of the worlds biggest oil giants have announced billions of dollars in quarterly profits over the past two weeks, boosted largely by the soaring price of oil thanks to the conflict in the Middle East.
But the artificial intelligence boom is also giving fossil fuel companies a new industry to sell their gas, pipelines, and power plants to: data centers. Two American oil and gas companies, Williams and Chevron, are presenting that demand to investors as a huge win.