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Honeywell, Chevron Team Up to Develop AI Tools for Refining Processes
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Honeywell, Chevron Team Up to Develop AI Tools for Refining Processes
Oct 2, 2024 10:09 PM

09:06 AM EDT, 10/01/2024 (MT Newswires) -- Honeywell International ( HON ) said Tuesday it has teamed up with Chevron ( CVX ) to create artificial intelligence-based tools to support refining operations and safety protocols in industrial settings.

The company said the products include a new alarm management system that will analyze historical data to offer real-time guidance on handling operational issues.

Shares of Honeywell ( HON ) were down 1.2% and Chevron ( CVX ) shares were 0.7% lower in recent premarket activity.

Price: 204.15, Change: -2.56, Percent Change: -1.24

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