John S. Watson led Chevron Corporation as CEO and Chairman from January 2010 until February 2018. He played a significant role in steering one of the largest oil companies in the U.S., boasting a production output of 3.1 million barrels...
John S. Watson led Chevron Corporation as CEO and Chairman from January 2010 until February 2018. He played a significant role in steering one of the largest oil companies in the U.S., boasting a production output of 3.1 million barrels of oil equivalent a day. At his height, Watson held approximately 76,794 shares of Chevron, valued at over $10 million, showcasing his solid connection to the company's success. His compensation was tied closely to performance; for instance, in 2017, he earned a total of $2.02 million, including a substantial $3.75 million bonus, credited to strong operational metrics across various sectors like finance and safety. Interestingly, Watson has a unique family tie to Chevron. His family’s past relationships with a law firm engaged by the company added a personal flavor to his corporate journey. He succeeded David J. O'Reilly as CEO right at the forefront of what would be a transformative period for Chevron. His strategic direction emphasized long-term growth and value creation, which was reflected in his impressive retirement package, confirming his impactful leadership. Watson's exit marked the end of an era characterized by a blend of traditional energy practices and emerging sustainability challenges, relatable both in business and personal legacy terms.