John Watson, the unassuming chief executive of Chevron, will be focusing on developing new talent to ensure the company has a bright long-term future.

Speaking to the Financial Times, the 53-year-old explained that while Chevron has a remarkably strong portfolio of assets, the company will need to invest heavily in training and development programmes to ensure its younger employees continue to build on that growth in the years ahead.

"We don’t have a hole in our portfolio. We're in good shape for the next decade. But, in a depleting business, you need to find new opportunities for growth," he told the paper.

Mr Watson also stressed this point in his annual letter to shareholders, where he placed the development of talent at the core of the company's operations.

He added that the company also recognises the importance of developing strong partnership with local communities to ensure exploration and production is of benefit to all.

Oil and Gas Directory: Training and Development