Saudis Enlist Former Chevron Chief
RIYADH, Saudi Arabia -- Former Chevron (CVX) - Get Chevron Corporation Report Chairman and CEO David O'Reilly has been appointed to the board of Saudi Arabia's state-run oil company, Aramco.
The kingdom's press agency Saturday reported that O'Reilly had received the appointment from Saudi Arabia's King Abdullah, according to the
Associated Press
.
Abdullah was naming a new board for Aramco.
O'Reilly became Chevron's top executive and chairman in January 2000 and retired from those posts at the end of 2009.
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Aramco last year completed a plan to raise its output capacity to more than 12 million barrels a day, but it is not using all of that capacity because of OPEC production quotas, the
AP
noted.
Shares of Chevron ended Friday down 79 cents at $75.05.
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This article was written by a staff member of TheStreet.
