Today's 10th update! Kneel down and beg for the first order and monthly pass!

"Hey, man, there's good news here, would you like to hear it?" Sam's excited voice came from the phone, and it could be heard that Sam's excitement was already off the charts.

"There is something to say, there is a fart, Lao Tzu is now sunbathing and watching beautiful women, too lazy to listen to your ramblings!" Tang Feng said with a laugh.

"Oh, MAN, can you please not discourage me? You know, I'm negotiating with Rockefeller, I'm working for your damn boss! ”

"Yes, then when you come back, I'll send you a little red flower?"

"Little safflower? What's that? Does it taste good? ”

"Damn, you just have a mallet!" Tang Feng muttered, sat up from the beach, shrunk back slightly, and hid in the shadow of the beach umbrella, "Tell me, how did you talk to Rockefeller?" ”

"Wind, I have to say that this oil field we found is really attractive, I was with Jay last night. Mr. Rockefeller met, and when I told him some data about our oil field, Mr. Rockefeller was obviously very interested in our oil field. ”

"How does he want to get in?" Tang Feng asked.

Mr. Rockefeller is going to use cash and a portion of ExxonMobil shares to take a stake in Down Mining in the United States. His initial proposal was to exchange $200 million in cash plus 1 percent of ExxonMobil shares for a 20 percent stake in Down Mining. ”

"This one definitely won't work!" Tang Feng's mind turned slightly, and he immediately vetoed it. According to ExxonMobil's current stock price, the market value of the world's largest private oil company is only $360 billion, which is $150 billion less than its peak market value, of course, this is caused by the collapse of international oil prices.

Based on the current market capitalization of ExxonMobil. A 1% stake is $3.6 billion, plus $200 million in cash, that's almost $3.8 billion.

And how much is the real value of this oil field under the name of Tang Mining in the United States? Based on the current geological reserves of 3 billion barrels, the recoverable reserves are about 1 billion barrels. The cost of extracting this oil field is only $5 per barrel, so the total cost of extracting this oil field is about 5 billion dollars. Of course, with the continued exploitation of oil fields. Because of the drop in pressure in the oilfield, it is very impossible to keep the two super oil wells in a self-blowing state in the end, and the pumping unit will inevitably be used for oil pumping, which will cause the cost to rise.

But even then, on average, the total cost of extracting the field would not be more than $7 billion.

But at current oil prices, the total value of the field is about $50 billion, and the gross profit can be as high as $43 billion after extracting extraction costs. After excluding various taxes and other operating costs, the net profit from this oil field is definitely more than 20 billion US dollars. A 20% stake represents a net profit of more than $4 billion.

And Rockefeller, the old guy, actually wants to exchange 1% of ExxonMobil's shares plus 200 million US dollars in cash for this 20% shares, which is really a good calculation, and now it seems that Tang Feng is not very at a loss, after all, their Tang Mining has taken the big ship of ExxonMobil, and some payment is also necessary. But in fact, if Tang Feng and Sam agree to this plan, then Tang Feng and Sam will suffer a big loss.

At present, it is obviously very abnormal for international oil prices to be so low. Moreover, the total amount of non-renewable energy such as oil is limited, so international oil prices cannot remain so low. And once the international oil price recovers. Although ExxonMobil's stock price will also rebound, the overall value of this oil field will definitely increase far faster than ExxonMobil's stock price, at that time, even if the international oil price rises by $20 per barrel, then 20% of the value of the United States Down Mining will be as high as $7 billion or even $8 billion!

The most important thing is that the old guy Rockefeller actually wants to exchange for a 20% stake in the American Down Mining Company. That's even worse. You know, Tang Feng still plans to have other uses for this company in the future, and in the future, Tang Feng is going to use the name of this company to carry out this company. The name of the world police is still relatively easy to use.

Although there is only one oil field in Beaumont under the name of Tang Mining in the United States, if Tang Feng finds another extremely valuable mineral deposit in the future, for example, Tang Feng still has thousands of tons of silver and hundreds of tons of gold hidden in the small mine in Northman, Australia, then the value of Tang Mining in the United States will definitely not be the same as it is now.

Such a loss-making business, of course Tang Feng is unwilling to do it!

"Hey, man, don't worry, I'm not done yet. Jay. Mr. Rockefeller's plan seems to be quite appropriate at the moment, but Sam Rockefeller's plan seems to be quite appropriate at the moment. Mr. Mendez is not stupid, so I did not agree to this plan, after all, we are not short of cash now, so I proposed my plan, which is to exchange 1.8% of ExxonMobil's shares directly for 20% of the Beaumont oil field owned by Down's Mining in the United States. Man, I haven't forgotten your entrustment, 1.8% of ExxonMobil's shares can only be exchanged for 20% of the shares of that oil field, not the shares of the entire American Down Mining! ”

"Hehe, man, you've got a big appetite! Will the old guy agree? Tang Feng asked. ExxonMobil's 1.8% stake is almost $6.5 billion based on the current stock price, and Sam's knife is really sharp!

"At the beginning Jay. Mr. Rockefeller, of course, disagreed, but that's what I told him. I said, Dear Jay. Mr. Rockefeller, first of all, it is impossible for our shares in the United States to exchange shares in the Tang Mining market, so we are just selling the shares of this oil field this time. Secondly, although a 20% stake in this field may only be worth $4 billion based on current crude oil prices, don't forget that once this high-yield and low-cost oil field is added to ExxonMobil's current system, then ExxonMobil's high-cost fields in other places can directly reduce production, and even some fields can be shut down altogether, because I promised that once the share swap is successful, our Beaumont oil field can be fully productive within a year. Once the Beaumont oil field is fully operational, the annual output of this oil field can fully support 30% of ExxonMobil's total oil processing volume in this year! ”

Tang Feng nodded silently, although ExxonMobil's annual oil production is only more than 80 million tons, ExxonMobil's annual oil processing capacity is as high as 210 million tons, and if the Beaumont Oilfield is released to production, all 21 oil wells will be started, even if each oil well produces 10,000 tons per day, then the annual output is as high as 73 million tons, which can fully support 30% of ExxonMobil's annual oil processing volume!

You know, the reason why ExxonMobil is the world's largest private oil company is not how strong its oil extraction capacity is, but that its oil processing capacity and sales capacity are among the top in the world, which is the main reason why ExxonMobil's value is so high!

Sam's voice continued over the microphone: "I'm still interested in Jay. Mr. Rockefeller said that once the share swap is successful, then the Beaumont oil field can not only produce for ExxonMobil at full capacity for one year, but also hand over all the crude oil produced in the future to ExxonMobil for sale at market price! In other words, as long as the share exchange between the two parties is successful, it can definitely greatly increase the confidence of all shareholders. Therefore, the value of the Beaumont field should not be calculated solely on the basis of its current market value, but should also include the value of all surrounding areas. ”

Sam paused and continued, "Presumably Jay. Mr. Rockefeller had already thought of this, so when he heard me point out the key to this, Jay Brown. Mr. Rockefeller only thought about it for a moment, and then agreed to my proposal! Hey, man, if nothing else, we can sign the agreement by tomorrow. When you come back from the Caribbean, we'll both be ExxonMobil sole directors! Man, is that good news? (To be continued......)