Chevron Names New Chief, Signaling Steady Path
“I hope you will see a lot of consistency in many ways but I’m sure he’ll have his own thoughts.”
In recent years, under the leadership of Mr. Watson
and Mr. Wirth, Chevron has shifted from large capital-intensive projects to an aggressive drilling campaign in the West Texas Permian Basin shale fields.
Michael K. Wirth, a career Chevron employee with long experience in pipelines
and refineries, will succeed John S. Watson as chairman and chief executive in February, the company said.
2 oil company, announced a new leader on Thursday in a move signaling confidence in its ability to thrive in an era of lower oil prices.
Mr. Wirth, 56, has been with Chevron since 1982, and has served as vice chairman since February.