{"slug": "this-energy-stock-is-spiking-now-its-exxon-deal-smells-like-ai", "title": "This Energy Stock Is Spiking Now; Its Exxon Deal Smells Like AI", "summary": "Targa Resources (TRGP) shares jumped more than 7% after announcing a 20-year deal with Exxon Mobil to build three new natural gas processing plants in the Permian Basin, a move analysts say positions Targa to attract AI-driven power demand from hyperscalers. The stock rose above a flat base buy point at 280, with the deal seen as key to meeting surging electricity needs from data centers.", "body_md": "If Targa wanted to lure in hyperscaler customers, it just secured some tremendous bait. The energy stock is rising on news of a 20-year deal with Exxon for three new natural gas processing plants and related services in the Permian Basin. Targa Resources (TRGP) spiked more than 7%, jumping above a flat base buy point at 280 and an alternate…\n\n# This Energy Stock Is Spiking Now; Its Exxon Deal Smells Like AI\n\nCopyright ©2026 Investor's Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8", "url": "https://wpnews.pro/news/this-energy-stock-is-spiking-now-its-exxon-deal-smells-like-ai", "canonical_source": "https://www.investors.com/news/energy-stock-targa-exxon-stock-natural-gas-deal-ai/?src=A00220&yptr=yahoo", "published_at": "2026-08-18 16:09:36+00:00", "updated_at": "2026-08-18 16:44:57.261106+00:00", "lang": "en", "topics": ["ai-infrastructure"], "entities": ["Targa Resources", "Exxon Mobil", "Permian Basin"], "alternates": {"html": "https://wpnews.pro/news/this-energy-stock-is-spiking-now-its-exxon-deal-smells-like-ai", "markdown": "https://wpnews.pro/news/this-energy-stock-is-spiking-now-its-exxon-deal-smells-like-ai.md", "text": "https://wpnews.pro/news/this-energy-stock-is-spiking-now-its-exxon-deal-smells-like-ai.txt", "jsonld": "https://wpnews.pro/news/this-energy-stock-is-spiking-now-its-exxon-deal-smells-like-ai.jsonld"}}