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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.