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On one side there is the international market, and on the other hand, the local market, both of which are exciting. Maybe merging with other oil companies after the split and becoming strong again is indeed a good opportunity for expansion.

Sinclair understands Occidental Petroleum's approach, but it doesn't feel good to be someone else's merger.

"You've swallowed Chevron Oil, aren't you satisfied?"

Sinclair said unwillingly. He didn't want to give up the property he had worked so hard to run, because it almost killed him.

"You don't have a choice!" Thomas said politely, smiling disdainfully.

If you want to bargain, he has seen a lot of this trick, but there are few people who can bargain with Thomas!

Sinclair's mouth was open, as if someone had choked him, he was speechless for a moment, his face turned red, he looked at Thomas with some anger and helplessness, and finally hung his head down.

"Alright! I'm going to negotiate with your big boss and I must be guaranteed for my interests. Sinclair sighed.

"No problem."

Seeing that Sinclair's attitude had softened, Thomas smiled slightly, and his attitude became a little more enthusiastic.

If Sinclair is not interested, he will call a shareholder meeting, not only to get Sinclair out of the board of directors, but also to send him to prison??????

Situ Nan really didn't have time to convince Sinclair that in the Occidental Petroleum company building in Los Angeles, an oil conference was taking place that shocked the world.

The meeting was attended by the shareholders of Occidental Petroleum Company, in addition to several individual shareholders such as Situ Nan, Hantec, Bote, and Gedas, who were all Situ Nan's trusted partners, as well as representatives of Robles & Co., Wells Fargo, Bethlehem, Giant Company, William Financial Holdings, William Foundation, and other key enterprises of the William Consortium or relevant financial institutions.

Like all large American corporations, Occidental Petroleum has been cross-owned with companies within the consortium from the beginning, forming a close-knit group, with a complex and large board of directors, and the shareholders present here have the hats of directors of several large companies.

Situ Nan sat unceremoniously in the middle of the round table, which was the seat of the chairman of Occidental Petroleum Company, and Robles and Handa sat on Situ Nan's left and right. These big bosses are all well-known figures in their respective industries, but at this moment, they are all revolving around Situ Nan.

It is rare for people to come so together, and a sense of pride rose in Situ Nan's heart. Smiled: "Looking at you, I feel in my heart, it seems that yesterday we were still digging oil in the field in California, we were bitten by mosquitoes, there was no water, the food was not good, and life was very hard."

Today, Western Petroleum has become the second largest oil complex in the United States and the world. What an achievement. Sitting here, I feel no different from the Rockefeller Building at 23 Wall Street or Fifth Avenue! ”

His words made everyone smile, if they hadn't seen it with their own eyes, they really couldn't believe it, following Situ Nan, a great genius, they had witnessed one miracle after another.

Among them, the most touching ones were Robles and Handa, who sat on the left and right of Situ Nan, just facing each other. The two smiled when they met.

"Handar, tell us how our cows look?"

Robles laughed.

The cow he was talking about was the Occidental Petroleum Company, which was founded in 1913 to the present day. It has never lost money, but has expanded at a rate of several times every year, even if the economic depression a few years ago, Occidental Petroleum was not affected at all, but made hundreds of millions of profits every year, so it was affectionately called a cow by Robles!

Robles's words amused everyone, and as soon as the words fell, Henda's Bot complained a little: "Although the cows are well raised, we don't drink much milk, right?" ”

Bot is a veteran of Occidental Petroleum and is the third largest shareholder after Situ Nan and Handar. With an 8% stake, the qualifications are very old.

Ha!

These words were interesting, and everyone was even happier, looking at Situ Nan with some anticipation in their eyes.

Situ Nan smiled slightly and touched his chin. I feel a little embarrassed.

Since the establishment of the Western Petroleum Company, it has made a lot of money every year, but the dividends were only distributed once the year before, and it was only after Harding took office, restored the normal economic order of the United States, and greatly reduced the profit tax, that Situ Nan agreed to pay dividends, and distributed the $30 million bonus to shareholders, and he personally took half of it.

In fact, this bonus is only a small part of the profits of Occidental Petroleum over the years, if not less than a tenth, and most of the rest is invested in expanding reproduction.

This caused dissatisfaction among some of the minority shareholders, but especially those who came later to take shares, when they bought Occidental Petroleum shares, signed a harsh clause that they would accept that Occidental Petroleum would not pay dividends for a long time.

However, it still can't stop the enthusiasm of investors, many people would rather spend a high price to buy shares in the Western Petroleum Company, but unfortunately most of them failed to do so, Situ Nan was unwilling to transfer the shares, so in addition to the early years of the absorption of the western landlords financing, the later financing is by issuing bonds, with high interest to attract investors.

Every time Robles underwrote its bonds, the big financial firms on Wall Street did not wait for investors in New York to do so, some reselling to other investors, but more keeping Occidental Petroleum bonds for themselves.

The bonds were long-term, most of them issued in 1916 during the great expansion of the Western Petroleum Company, with a ten-year maturity, almost to maturity.

However, those interest are not worth mentioning compared to the current strength of Western oil companies, and they are fully capable of repaying them.

"Alright! I admit that I'm an iron and don't pull a hair! But thank you, old friend, for not going to court to sue me! ”

Situ Nan smiled, looking at the gray-haired Bote, his heart warmed.

Although Bot has some complaints about this, he has always supported Situ Nan along the way. With the support of major shareholders like him and Hantec, Occidental Petroleum was able to devote more and more resources to expansion.

If all the money had been divided in the first place, not only would it be cheaper for the US government, but Western oil companies would not have developed into the size they have today.

In fact, this practice of the Western oil company does not very much conform to the rules of the corporate world in the United States.

Giants such as Mobil and Exxon have to distribute a large amount of profits to shareholders and shareholders every year, but that is also a good foundation, conditional, and listed company, and the interests of shareholders must be taken into account.

It is worth mentioning that among them is a sturdy black man, he is Hayes, the first small foreman hired by Situ Nan in his life, and now he is the vice president of Occidental Petroleum in charge of oil exploration and production, and it is estimated that he is also the richest black billionaire in the United States, with more than 10 million US dollars in shares.

Occidental Petroleum has seven vice presidents who are responsible for all aspects of the oil industry, and there is no doubt that Hayes is a very important one. He was also the most loyal to Situ Nan.

Hearing that Bot was a little dissatisfied, Hayes retorted: "Sir, after you get the dividends, you haven't invested in other businesses, is there a better investment in the world than investing in Western Petroleum?" At the beginning, you invested two or three million dollars, and now you have more than 100 million dollars in shares! ”

Hayes's words made Bot speechless, in just ten years, he made a hundredfold profit, and gained not only money, but also status!

Thinking of this, Bot glanced at Situ Nan, who looked flat and confident, as if he knew everything about Yiqiē.

He has more control over Occidental Petroleum than Rockefeller did at Exxon.

Bot lowered his head slightly, and sighed in his heart.

In this company, Situ Nan is the only master, and almost everyone will be on his side, including Bot himself.

"Old friend, are you short of money? The dividends will not be distributed for the time being, but if you are short of money, I can buy your shares at double the price, and five times more! ”

Handar smiled.

For him, who is bent on becoming an oil man like Rockefeller, he can't wait to invest every penny in oil refineries and gas stations, so that the price of refined oil is much higher than that of crude oil than watching a large amount of crude oil sold to Exxon and Shell.

Handar spoke to the crowd that if Bot sold his shares, they would have the right of first refusal.

When Rockefeller Jr. bought a stake in Occidental Petroleum for ten times the price! It took a lot of money to squeeze into the board of directors of Occidental Petroleum.

But he is not in the board of directors that is so lively today?

Situ Nan looked at a shareholder representative in the distance, it was a representative of Rockefeller, but Situ Nan didn't know him. In fact, the Hannipeg Foundation also has the power to send representatives to Exxon's board of directors.

Why Rockefeller Jr. left Los Angeles in a hurry, Situ Nan didn't know.

Seeing Bote, whose expression was a little embarrassed, Situ Nan smiled slightly in his heart, very pleased.

Because of the bonus issue, Ford's shareholders went to court with Ford, and as a result, Ford resorted to ruthless tactics to remove other shareholders such as the Dodge brothers from Ford one by one, and finally turned Ford into a family business.

As a result, Chrysler Company lightly acquired Dodge, which lacked funds, and won more than half of the truck market in the United States in one fell swoop, which in turn constituted a strong competition for Ford Motor Company.

Situ Nan didn't want the scene of Ford to be staged in the company he founded, but fortunately, most of the people in Occidental Petroleum were motivated and not yet to retire and enjoy themselves, otherwise he would have to clean up those who were left behind and unmotivated.

Waving his hand, Situ Nan said with a smile: "It is natural to pay dividends to shareholders, although there will be no dividends this year, I will compensate everyone." I have a plan to make you rich! When the time comes, your wealth will multiply several times. ”

These words made Bote's heart feel relieved, but he didn't expect that he just complained a little, and he actually felt like he was being besieged by a pack of wolves, and those guys were coveting their shares.

Occidental Petroleum is still growing rapidly, and this cow has not yet reached the peak of milk production?

Others don't know the details of Western companies, but Bot still doesn't know? The large East Texas oil fields, which are millions of square hectares and contain billions of tons of reserves, have not yet been developed, which is enough to expand the value of Western oil companies several times!

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