Chevron CEO John Watson to step down: WSJ

Chevron Corp Chief Executive John Watson is stepping down from his post atop the nation`s second-largest oil company, according to a report from the Wall Street Journal.

A successor for Watson, 60, who has been the company`s chairman and chief executive since 2010, has not been formally approved by the company`s board. A leading candidate is Michael Wirth, 56, Chevron`s vice chairman, the WSJ said.

Chevron spokespeople were unavailable to comment immediately.

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