Chevron Corp…named Michael Wirth as its next chief executive, choosing an engineer experienced at finding efficiencies and cutting costs as the energy company copes with a prolonged period of lower oil prices.
Mr. Wirth, 56 years old, a Chevron lifer who has overseen the company’s vast network of refining and pipeline assets, will become chairman and chief executive on Feb. 1, succeeding John Watson.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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