Chevron Taps Watson as CEO Successor
John Watson — a nearly three-decade veteran of Chevron — has been elected by the oil giant’s board as its next chairman and CEO. Watson will succeed David O’Reilly, who held the top executive spot for a decade and plans to retire at the end of the year. O’Reilly was with Chevron for 41 years and was at the helm of the San Ramon, Calif.,-based company during a decade of substantial growth highlighted by mergers with Texaco in 2001 and Unocal in 2005. More recently, O’Reilly oversaw the development of the Gorgon liquefied natural gas project off the coast of Western Australia. Chevron, which holds a 50 percent interest in Gorgon, approved earlier this month the final investment decision in the $37 billion venture. Gorgon stands to provide a significant economic boost…
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