Chevron Chief John Watson Plans to Leave Next Month

A Chevron gas pump

The transition is expected to be announced next month, although Watson's successor hasn't yet been finalized by the board and could change. The company's directors are seeking a chief executive who will streamline Chevron's operations in the current, comparatively low-cost oil market.

John Watson, who has led Chevron Corp. since 2010, is planning to step down as the oil major seeks a new chief executive officer, the Wall Street Journal said, citing people familiar with the matter.

Shares of Chevron popped as high as $106.92 on the news, before trading up 0.5 percent to $106.25. An announcement will likely be made next month, the Journal said. "As a practice, we do not comment on rumor or speculation", said Chevron spokesman Kent Robertson.

Greenpeace says pipeline lawsuit is meritless
But Trump, fulfilling campaign promises, quickly reversed Obama's decision after taking office. Greenpeace International, 17-cv-173, U.S.

Wirth has been with Chevron for decades - joining in 1982 - and he was promoted to vice chairman of the board of directors in January. The 60-year-old is leaving before the company's mandatory retirement age of 65 to make room for younger leaders, and according to Journal sources Watson's decision was not a surprise to the board. Wirth, who joined Chevron in 1982 as a design engineer, also is executive vice president (EVP) of midstream and development, a position he has held since past year. Chevron earned $1.2 billion and generated $34.48 billion in revenue in the most recent quarter, while more than doubling the cash flow generated by its operations to $8.9 billion.

Under his leadership, the company quit processing crude in Western Europe as that market matured and growth slowed, and sharpened its focus on expanding demand centers in East Asia and Latin America.

Related:

  • Barcelona attacks: Four men to appear before court

    Barcelona attacks: Four men to appear before court

    Perez's body was found in the vehicle after Abouyaaqoub managed again to elude officers, police said. Aalla is the alleged owner of the auto used to strike civilians and a police officer in Cambrils.
    Court allows Western Force to appeal Super Rugby axing

    Court allows Western Force to appeal Super Rugby axing

    Rugby Western Australia's Supreme Court challenge to the decision has the financial backing of mining billionaire Andrew Forrest. The ARU, however, is in a hard predicament given it has already told SANZAAR it will cut a team from Super Rugby next season.
    UCPS parents can track school bus this year with new app

    UCPS parents can track school bus this year with new app

    School bus violations are some of the only violations in the revised code that an officer doesn't have to witness the violation. If someone is breaking the law around a school bus, the bus driver can actually assist in writing that person a ticket.
  • Last US soldier who defected to North Korea dead

    Last US soldier who defected to North Korea dead

    He faced a court-martial for forging signatures on documents that would have given him permission to leave the base. It was the brothers' second appearance on the program after they praised the country in an interview in May 2016.
    Ronaldo unhappy as latest appeal against five-match ban reportedly fails

    Ronaldo unhappy as latest appeal against five-match ban reportedly fails

    The Portugal forward will not return to domestic action until 20 September against Real Betis, but can play in the Champions League.

    First Majestic Silver Corp. (AG)

    The Company is focused on silver production in Mexico and it is pursuing the development of its existing mineral property assets. Gastar Exploration Inc. on 6/29/2017 reported its EPS as $-0.08 with the analysts projecting the EPS of the stock as $-0.08.
  • Inmates steal prison transport van in central Oklahoma

    Inmates steal prison transport van in central Oklahoma

    His final destination was supposed to be the Laramie County Sheriff's Department in Wyoming. Walp was supposed to be transported to the Seward County Sheriff's Department in Kansas.
    Cleveland Indians vs. Boston Red Sox

    Cleveland Indians vs. Boston Red Sox

    However, the Red Sox challenged the call, and after a video review, the ruling was overturned, and Betts was called safe. He threw just seven pitches in the August 21 game against the Red Sox before feeling pain and walking off the field.
    Nigerian President Buhari returns home after treatment in London

    Nigerian President Buhari returns home after treatment in London

    Last week, Buhari said he was feeling well enough to go back to Nigeria and was just awaiting his doctors' permission. The presidential spokesperson, Femi Adesina, disclosed the development in a statement on Monday afternoon.
  • Top Arizona Republicans skip Trump rally in Phoenix

    Top Arizona Republicans skip Trump rally in Phoenix

    Trump's stalled promise of a border wall , and the president's much-criticized comments regarding the Charlottesville violence. They are also unhappy about the recent ouster of conservative Steve Bannon as White House chief strategist.
    American among victims in Barcelona terror attack

    American among victims in Barcelona terror attack

    In a social-media post two years ago, Oukabir said "kill the infidels, and leave only Muslims who follow their religion". The emergency services in Catalonia said Friday that 24 doctors had worked through the night conducting autopsies.

    Rite Aid Corporation (RAD) closed the last trading session at $2.25

    With a total market value of $0, Rite Aid Corporation has with a one year low of $2.21 and a one year high of $8.77. Oklahoma-based Tru Of Oklahoma has invested 0% in The Coca-Cola Co (NYSE:KO). 10,050 are held by Girard Ptnrs Ltd.

Comments

Latest news

Barcelona terror attack suspect Younes Aboyaaqoub killed
The Spanish newspaper El Pais published images on Monday of what it said was Abouyaaqoub leaving the van attack site on foot. After the explosion in Alcanar, police and firefighters did not suspect that a terrorist cell was making bombs.

Dodgers put LHP Wood, INF/OF Bellinger on disabled list
Manager Dave Roberts gave no specific timeframe for the lefty's return, but said this move was mostly precautionary. On Monday night, Wood started for the Dodgers against the Pittsburgh Pirates.

Average Brokerage Rating Of CSX Corporation (CSX), Waste Management, Inc. (WM)
Also, it has an estimated price-earnings (P/E) multiple of 15.72 and a trailing 12-month price-earnings (P/E) multiple of 5.23. To measure price-variation, we found CSX's volatility during a week at 1.99% and during a month it has been found around 2.2%.

Kaifiyat Express Gets Derailed in Uttar Pradesh's Auraiya, 74 Injured
At the time of filing this report, a team of National Disaster Response Force ( NDRF ) was heading towards the accident spot. The train, which was on its way to Delhi from Azamgarh, went off tracks around 2.40 am after colliding with a dumper.

A Deep Dive into Ryanair Holdings PLC (RYA.L) — Trading Focus
Its down 0.25, from 1.12 in 2016Q3. 868.78 million shares or 0.20% more from 867.04 million shares in 2016Q3 were reported. Symons Capital Management Inc owns 381,945 shares or 5.65% of their USA portfolio. (NYSE:VZ) on Monday, May 1.

WWE Smackdown Live Results 8/22/17
Carmella and James Ellsworth came out and reminded Natalya that while this might be her time , she's on Carmella's clock. Owens tapped to the calf crusher but McMahon was still trying to regain his bearings at ringside.

Remains Found Are Identified As Missing Teen
The property, spanning about 81 acres, includes vacant outbuildings and structures, and several inoperative vehicles and campers. Investigators soon found human bones and teeth in the burn pit, which sat approximately 400 yards from the house trailer.

A2 Milk's profit has tripled but watch out for China
Other formula makers, such as rival Bellamy's Australia, have struggled with product licencing regimes in China. Citi analyst Sam Teeger was tipping full year revenue of $NZ555 million, 2 per cent above guidance.

NC State football players dismissed in sexual assault allegation investigation
The school announced disciplinary action against the five players on Tuesday amid a sexual assault investigation. Moore, Erin Collins , and Xavier Lyas were suspended, while Antoine Thompson and Kevince Brown were dismissed.

[Instagram] Bakayoko Sends Message To Chelsea Fans After Win Over Tottenham
And Redknapp believes the Danish defender put in a mature performance against one of the Premier League's deadliest strikers. He did a great job for this club and we are grateful for that, ' Nevin wrote in his column forChelseafc.com.

Charlottesville victim's mom refuses to talk to Trump
Lee and Stonewall Jackson with statues and memorials, and much more darkly in the formation of the Ku Klux Klan. Trump himself stayed out of sight Wednesday, but he returned to Twitter early Thursday to chastise Sen.

Wenger explains why he dropped Holding against Stoke
Former Real Madrid winger Jese Rodriguez enjoyed a dream start to his Stoke City career after scoring his first goal for the club in the 47th minute.

Today Analysts Focus on eBay Inc. (EBAY), Fitbit, Inc. (FIT)
On average, equities research analysts forecast that Fitbit, Inc . will post ($0.34) earnings per share for the current year. In other news, EVP Andy Missan sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, August 4th.

Automatic Data Processing Earns Average Rating of "Hold" by Analysts
Caisse De Depot Et Placement Du Quebec holds 0.03% of its portfolio in Automatic Data Processing (NASDAQ:ADP) for 120,601 shares. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share.

Typhoon signal 8 hoisted in Macau
The majority of flights in and out of Hong Kong on Wednesday have been cancelled as Tropical Cyclone Hato moves in. Hato is due to bring hazardous sea and weather conditions to Hong Kong and southern China for most of the day.

Other news