John S. Watson was born in Wichita Falls, Texas USA in October 1956, and is known widely in the business world because he is the Chairman of the Board and CEO of oil giant Chevron, a position of authority and power that he has held since 2010.
So just how rich is John Watson? Sources estimate that John’s net worth is now well over $100 million, now improving rapidly as a result of an annual salary package of over $32 million.
John S. Watson Net Worth $110 Million
Watson graduated with a BA degree in Agricultural Economics from the University of California, Davis in 1978, and then in 1980 with an MBA from the University of Chicago Booth School of Business.
Watson joined Chevron straight after completing his MBA, probably not thinking that his whole professional career would likely be spent with the one company. For the first 10 years he was a financial analyst, which obviously was a good base to get to know the company management as well as laying the base of his net worth.
John then moved into levels of management, firstly for three years as Manager of Investor Relations, then two years as Manager of Credit Card Enterprises until 1995, followed by a couple of years as General Manager, Strategic Planning. From 1996-98 Watson was moved to the position of President of Chevron Canada, before returning to Chevron headquarters in San Roman, California as Vice-President heading planing for acquisitions and mergers until 2000, including that with Texaco. Of course, all these positions and gradual promotions not only increased Watson’s overall knowledge of the company, but added considerably to his net worth.
Various mergers and consolidations saw John Watson promoted to CFO of Chevron Texaco in 2000, and then in 2005 promoted again to become President, Chevron International Exploration and Production, a position he held until 2008, when he was appointed Vice-President Strategy and Development. His net worth continued to grow steadily including, as is normal for occupants of senior positions, a considerable portfolio of shares in the company, perhaps a sure way of encouraging continued top performance by incumbents, for their own benefit.
In 2009, Watson was initially appointed a company Vice-President, but later that year moved into the CEO job, as well as becoming the Chairman of the Board of Chevron and positions which he holds to this day (late 2015), effectively controlling the fifth most profitable company in the world, and the second largest oil and gas concern, after Exxon Mobil, with profits approaching $20 billion in 2014-15.
Aside from his over-riding position in Chevron, John S. Watson also serves as Chairman of the Board of the American Petroleum Institute, and is on the Board of Directors of the National Petroleum Council, JP Morgan International Council, Business Roundtable, the Business Council, and the American Society of Corporate Executives, and well as the Animal Rescue Foundation Caltex.
In his personal life, John Watson is married his main relaxation is golf, which he has played all his life. However, he has an interest in sports in general, and is on the board of directors of the San Diego Padres baseball team.