3. John J. Watson
3. John J. Watson
Chairman and CEO, Chevron

Under Watson, a former financial analyst who took over the top job at Chevron in early 2010, the company has bet much of its future growth on deepwater drilling. While the risks of this strategy were made starkly clear by rival BP's Deepwater Horizon dis­aster, it makes sense given that much of the world's onshore energy reserves are controlled by governments that are growing reluctant to share revenue with supermajors. So far Watson's bet is paying off: Chevron stock rose 8.1% over the past year, more than competitors'.


By Richard McGill Murphy, contributor @FortuneMagazine - Last updated November 17 2011: 5:58 PM ET
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