Finance Leaders Guide AI’s Value in Big Oil

Finance leaders are stepping up to decide how artificial intelligence can truly help a company grow.

At Chevron, the CFO looks at AI not as a tool that can do tasks, but as a way to boost results and fix limits.

“How can AI improve performance?” she asks.

Inside Chevron, teams use Microsoft Copilot and Anthropic’s Claude.
The finance group has about 3,500 staff worldwide and leverages AI to:

• Read large data sets for investors
• Check audit rules
• Predict future numbers

The CFO wants everyone in finance to learn how to use AI well. She says think of AI as a partner that gives more insight, not just another gadget.

Even in everyday life, people already use AI at work and home.
In her own job, she relies on AI to mix data together and as a sounding board. She is testing a personal AI helper that can draft speeches and handle routine tasks.

Chevron also pushes big “moonshot” projects with AI, especially for finding new oil and gas. They partner with tech firms to build tools that help discover resources faster. One example is ApEX, a private AI tool for exploration.

Energy demand now also includes powering data centers. Chevron teamed up with GE Vernova and Engine No. 1 to build large power plants for U.S. data centers.

Top leaders, including the CEO and senior officers, keep a close eye on AI strategy. They grew a small “skunkworks” team into a company‑wide effort to add AI across all functions.

For finance leaders, the new job is not just funding experiments.
It’s about choosing where AI creates real value for the whole business.