As America’s fifth-largest oil company, Chevron operates in more than 40 countries and has an extensive network of refineries, pipelines, and terminals across the globe. The company’s diverse portfolio of business operations allows Chevron to tap markets and opportunities that are complementary in nature. This helps to drive long-term growth and optimize returns.
EDWARD L. “ED” SIMMONS
Ed Simmons became a Chevron employee in 1949 and served as the company’s president and chief executive officer (CEO) from 1984 to 1995. During his tenure, he spearheaded an era of growth, transforming Chevron into a global energy company. He was instrumental in the company’s restructuring and helped shape its future strategy by acquiring companies with complementary capabilities such as Unocal Corporation (1986), Texaco, Inc. (2001), and Gulf Oil Company (1985).
Under his leadership, Chevron’s annual earnings increased from $4.1 billion to $8.7 billion. He also made key acquisitions that helped diversify the company’s portfolio of business operations such as Union Texas Petroleum Company in 1982, Niko Resources Ltd. in 1991, and Ohio Oil Company in 1994.
RAY IRANIANZADEH
Ray Iranianzadeh is a current member of the board of directors and the former chairman of Chevron. During his tenure, Iranianzadeh led the company through two successful merger transactions: Texaco in 2000 and Unocal in 2005. Iranianzadeh led the company’s search for a new CEO, eventually selecting John Watson.
THOMAS M. DONAGHER
Thomas M. Donagher is Chevron’s current chairman and CEO. He joined the company in 1987 as an executive vice president after graduating with a degree in Chemical Engineering from the University of Notre Dame. Donagher has been instrumental in Chevron’s growth, overseeing the company’s successful downstream and upstream operations and executing on its global strategy. In 2012, he was named Fortune magazine’s Businessperson of the Year after steering Chevron through a difficult time during the economic downturn.
He has also helped to develop Chevron’s philanthropic efforts by initiating programs to help underprivileged young people around the world gain access to education, healthcare, and job opportunities
JOSEPH J. MCARTHUR
Joseph J. McArthur was born in 1853, the son of a blacksmith. He began his career at the age of 17 as a clerk in a retail dry goods store. McArthur moved to California and, shortly thereafter, started his own business with an investment of $700. The company eventually grew into one of the world’s largest retailers, with annual sales exceeding $1 billion. It was McArthur’s company that introduced the first department stores and mail-order catalogues in America. In 1899, he became president of Standard Oil Company (California), and later chairman of the board for Standard Oil Company (New Jersey). In 1911, Joseph J. McArthur retired from all active association with business life at the age of 58.
GORDON M. ANDERSON
Chevron’s turnaround began in the 1980s when Gordon Anderson took the helm. Anderson ushered in an era of disciplined capital spending, cost cutting, and a constructive approach to labor relations. As a result, Chevron’s financial performance stabilized, its balance sheet strengthened, and its stock price rebounded.
Anderson is credited with building Chevron into a global energy player as well as playing both offense and defense in the refining business.
STEVEN P. JOBS
Apart from the company’s CEO, Chevron has had a number of key leaders who have driven its success. In the late 1970s and early 1980s, for example, Steven P. Jobs was president of the company. Jobs led Chevron’s exploration operations and helped to transform the company into an international powerhouse with a presence in more than 40 countries.
The current CEO, John S. Watson, has also overseen significant changes at Chevron during his time at the helm. Watson took over as CEO in 2009 after nearly 30 years of experience with the company. As CEO, he transitioned Chevron from an integrated oil company that relied on refining and selling refined products to one that focuses on upstream and downstream refining and marketing. In an effort to make this transition, he has made key acquisitions such as the 2010 purchase of Gulf Oil Company and 2012 acquisition of Atlas Energy Incorporated.
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