Oracle Corp. shares fell as much as 5% on August 15, 2026. This decline followed the announced delay of the Green Chile Project in New Mexico.
The natural gas pipeline is now scheduled for completion on February 1, 2027. This six-month setback affects Project Jupiter, a critical component of Oracle’s contract with OpenAI.
The New Mexico State Land Office caused the delay by repeatedly rejecting the proposed pipeline route. Investors are currently monitoring Oracle's massive capital expenditures on AI infrastructure and rising debt levels.