Parker is the managing partner of McKinsey’s Houston office, and serves clients in the oil and gas, electric power, natural gas, chemicals, and infrastructure sectors, as well as in other capital-intensive industries. With a strong background in operations, particularly in the areas of capital productivity, supply chain, contracting, and contractor management, he specializes in maximizing value from the management of complex projects.
Within McKinsey, Parker is a leader in our Oil & Gas, Operations, and Capital Projects & Infrastructure Practices, and a global leader of our work on unconventional oil and gas.
Parker recently advised a major oil company on optimizing a $12 billion capital project, enabling the client to capture $4.1 billion in value. Working with a leading uranium-enrichment company on the capital expenditures associated with a $4 billion construction project, he assisted the client in renegotiating contracts and implementing best-in-class contractor-management tools and processes to achieve a 30 percent reduction in future capital expenditures.
In a project for an unconventional natural gas producer, Parker helped the client optimize its development strategy and approaches to financing and risk management to reduce execution, financing, and hedging costs and minimize equity investments while optimizing its risk/return profile. In another project, he supported a leading national public-hospital operator in optimizing hospital design through a systematic design-to-value approach and in developing a best-practice sourcing strategy for its construction materials helping the client to secure a 10 to15 percent reduction in average construction costs.
Before joining McKinsey, Parker worked in the treasurer’s department at Exxon Mobil as the lead financial analyst for a portfolio of chemicals assets in Southeast Asia and Australia. He began his career as a supply-chain analyst with Noble Corporation, where he helped design and implement a system for inventory and working-capital management that generated $30 million in annual savings while streamlining operations.
“A new act for fracking?,” McKinsey Quarterly, April 2014
Exxon Mobil corporation
Supply chain analyst
BS, electrical engineering