Chevron

[Guest]

Michael Wirth is living proof that if you stick around at your company long enough…then one day you just might run the whole thing. And that’s exactly what happened at Chevron (+0.14%), which just tapped the vet of 37 years to head the No. 2 oil company in the U.S.

Wirth, a former engineer and operator, is known as a “get things done” kind of guy—qualities that Chevron is looking for as it adapts to the new normal of oil prices hovering around $50 a barrel. He’ll replace John Watson, who will head into an easy retirement knowing his company doubled up ExxonMobil in total shareholder returns since 2010.