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    Robert Brackett

    Managing Director and Senior Research Analyst at Bernstein Research

    Bob Brackett is a Managing Director and Senior Research Analyst at Bernstein Research, specializing in North American Oil & Gas Exploration and Production. He covers major industry players and has been recognized as the #1 All-American analyst by Institutional Investor for five consecutive years, with a reputation for delivering sharp insights and high-impact research. Brackett started his career at ExxonMobil, later joining McKinsey & Company’s Petroleum Practice, before holding key roles in E&P Planning and Corporate Strategy at Hess Corporation, and then moving to Bernstein. He holds a Ph.D. and maintains active industry credentials, reflecting deep sector expertise and professional standing.

    Robert Brackett's questions to CHEVRON (CVX) leadership

    Robert Brackett's questions to CHEVRON (CVX) leadership • Q3 2024

    Question

    Robert Brackett of Bernstein Research asked how the headquarters relocation from California to Texas relates to the structural cost reduction program, questioning if it's an opportunity or a threat to achieving the savings.

    Answer

    CEO Mike Wirth stated it is not a threat and is part of a broader, methodical work evolution. He clarified that it's not a simple "lift and shift" of all work to Houston. Instead, work will be migrated thoughtfully over time to different locations, including global capability centers, or automated with technology, all aimed at improving efficiency and cost structure.

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