Chevron Corporation has outlined a pragmatic, returns-driven strategy for its New Energies business, focusing on leveraging its core strengths and capabilities. The company's future plans include developing a large-scale power project in West Texas to support data center growth, as well as expanding its businesses in renewable fuels, hydrogen, carbon capture, utilization and storage (CCUS), and lithium. Chevron aims to deliver competitive returns, adapt to the evolving energy market, and provide power to support advancements in artificial intelligence. The company also plans to continue growing its oil and gas business, lowering the carbon intensity of its operations, and expanding its new energies portfolio.