Shares of energy producers rose as traders jumped back into high-risk areas of the stock market. Chevron Chief Executive John Watson is planning to step down as the oil-and-gas giant adjusts to changes in the energy world, The Wall Street Journal reported. The leading candidate to succeed Mr. Watson, 60, is Michael Wirth, 56, a refining specialist whose skills in cost control and eking out slim profit margins are seen as critical to the second largest U.S. oil company in an era of depressed prices.
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(END) Dow Jones Newswires
August 22, 2017 16:18 ET (20:18 GMT)