john watson’s legacy
Under John Watson’s leadership as Chairman of the Board and Chief Executive Officer for the past eight years, Chevron delivered outstanding performance. We produced industry-leading financial results, including ranking No. 1 in total stockholder return (TSR) relative to our peers and extending our record to 30 consecutive years of increased annual per-share dividend payouts. We also outperformed our competitors in key operational metrics, including personal safety and petroleum spill volume.
TSR* ranked #1 relative to peers
*1/1/2010 - 1/31/2018
consecutive years annual
per-share dividend payout
increases as of 12/31/2017
John oversaw major capital projects around the world that are growing production and generating cash flow for the future. He established Chevron as a leading competitor in North American unconventional oil and gas. During a prolonged decline in crude oil prices, John’s steady leadership enabled Chevron to successfully navigate the downturn and emerge a stronger, leaner and more agile company.
To the public and to Chevron employees, he was a passionate advocate for the value that the oil and gas industry delivers to the world, saying often, “We are a noble business.” To Chevron’s workforce, John emphasized operating safely, reliably and ethically and stressed the importance of diversity, inclusion and leadership development as essential to delivering superior business results.
John Watson retired effective February 1, 2018. Because of his exemplary leadership, Chevron is strongly positioned for future success.