Chevron sees stronger coal use and growth in gas power for data centers, shares rise amid energy sector gains.

Chevron CEO Mike Wirth highlighted at a recent conference that coal consumption is expected to remain stronger than previously forecasted, and supplying gas-fired power to data centers could become a significant growth area. The company also noted potential multi-billion dollar costs for rebuilding energy infrastructure in the Middle East. Chevron shares are slightly outperforming the energy sector amid a broadly positive market, with analysts maintaining a Buy rating and raising price targets. This outlook suggests Chevron is positioning for growth in traditional and emerging energy markets despite current market consolidation.