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