Chevron CEO reportedly planning to step down

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Chevron Corp. CEO John Watson reportedly is getting ready to hand over the top role at the energy giant to another executive. People familiar with the matter told the Wall Street Journal that a transition plan could be announced next month. The next CEO hasn’t been finalized, but Michael Wirth is a leading candidate, the people said. A Chevron spokesman declined to comment to the WSJ, and the WSJ was not able to immediately reach Watson on Aug. 22. Wirth, who was named vice chairman at Chevron…


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