182 Acquisition of Sinclair: 2,000 km of pipelines
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Although some people still don't understand this approach, I firmly believe that it is correct, let time tell! Now let's start a second business, get back on the road, and let's go! β
Situ Nan said with a final word, his eyes swept over the faces of each shareholder, his eyes were confident and calm, and he was quietly relieved in his heart, the meeting for several days in a row really made him haggard.
During this period, there were also disagreements, quarrels, and mutual compromises, and finally the dust settled.
The shareholders walked out of the conference room, and Situ Nan left Handa, Robles, and Gedas behind.
"Alright, you've got your wish!"
Handar gave Situ Nan a blank look and had to accept the fact that Chevron Oil Company was independent. Although Occidental Petroleum is still the majority shareholder of Chevron, in terms of operation, Chevron is unlikely to follow the instructions of Occidental Petroleum as before.
"Don't talk about that, let's talk about happy things. If Chevron Oil Company takes out 1/4 of its shares to go public, how much can it be sold for? β
Stuart asked Robles.
As soon as these words came out, the eyes of Hengda and Gedas suddenly focused on Robles's face.
Robles rolled his eyes and began to calculate, the main asset of Chevron Oil Company is the California Oil Company, which is a subsidiary of the original Occidental Petroleum Company, inheriting nearly 1/3 of the property of Occidental Petroleum Company, with a value of about 300 million US dollars, considering the rapid development of the oil industry in South China and the status of Chevron Petroleum in South China, the value of Chevron Oil Company is far more than 300 million US dollars. "At least $100 million!"
Robles held up a finger. He smiled confidently.
This is a heart-warming answer, and Hengda and Gedas took a look at each other, silently digesting the news in their hearts, and making their own little ideas.
"It's only 100 million, a little less! Make do with it! β
Situ Nan smiled faintly, without much excitement, Chevron Oil Company has a large number of high-quality resources, all of which are fat, and the development of the American oil industry is so hot, once Chevron Oil is listed. The market value has swelled 5 times, and Situ Nan is not surprised.
"Yes, this is the most conservative estimate. I can't say exactly which step I will take for a while. According to the current development trend of Chevron oil, it is possible to close to or surpass Mobil oil within ten years. If I were an investor, I wouldn't be willing to sell those shares either. β
Robles nodded. However, I was excited that Robles Securities, a subsidiary of Robles & Co., had already established branches in New York, Chicago, and San Francisco covering the United States, which could sell stocks and bonds across the United States and absorb huge amounts of money from the financial market. One in and one out is profit, and Chevron Oil is undoubtedly an excellent target for operation.
"Slow down, be sure to set the issue price high! The handling fee should be low! So as not to cheapen those financial companies. Situ Nan admonished.
"You-"
Robles was a little angry, didn't he point at the monk and scold the bald donkey?
Indeed, the financial company that Situ Nan was referring to was Robles & Co.
"That's right! The U.S. stock market is starting to heat up, and Chevron is definitely the only potential stock in the world. I think any financial company on Wall Street would be interested. β
Handar smiled and glanced encouragingly at Gedas beside him.
"That's right! City Bank of New York, Morgan & Co. or Mellon Bank, they're willing to help without fees, right? Gedas laughed.
"A bunch of bastards!" Robles looked angrily at the shameless guy in front of him, and his heart ached. Situ Nan actually took the lead in digging the corner of Robles' company. It's so unjust.
In desperation, Robles had no choice but to underwrite Chevron shares at a very small rate, but considering the huge amount of money and the potential of Chevron, Robles Securities could make at least 10 million dollars from it.
With this money, it is estimated that a lot can be done.
According to the agreement between Situ Nan and Handa. Occidental Petroleum will eventually retain 15 percent of the shares, a 40 percent stake it currently holds.
Chevron Oil Company has grown, and in the future, more and more shares will flow into the financial market, and the public shareholding ratio will gradually increase, and Chevron Oil Company will change from a private company to a public company.
In the process, Occidental Petroleum will also slowly release 25% of Chevron oil shares, and the funds raised from the financial market will be invested in the downstream areas of the oil industry.
What step can be done, Situ Nan will wait and see. He's found a brilliant breakthrough.
After reaching an agreement to spin off Occidental Petroleum, Situ Nan entertained everyone at William Manor, but they seemed to be more interested in Hollywood, and gradually moved their "position" to the Hollywood Hotel at the foot of the mountain, where there were Hollywood's reddest and most tender female stars.
The Hollywood Development Company's 18-hectare Sunset Boulevard is home to several hotel towers ranging from Greek to Roman to Victorian to modernist, attracting visitors from Los Angeles and around the world to Los Angeles and the world.
Citizens of Los Angeles come here on weekends and occasionally find the stars they admire, as the eclectic buildings are favored by Hollywood studios and often used as a set.
These partners of Situ Nan know a lot about Hollywood, and some of them have become interested in movies and have begun to invest in movies. There is no doubt that these successful oil merchants are nouveau riche in some way, and spending some money to make movies is only trivial.
"Would you believe me if I said that the Hollywood film industry would surpass the oil industry in the future?"
Situ Nan joked, turning his head to the beautiful suffocating Rose on the side, although the swimsuit is one-piece, it has not yet opened to the level of a bikini, but that beautiful figure always makes people think about it. took a sip of red wine, next to them was a huge swimming pool, bursts of laughter came from time to time, several of them were popular female stars, young and beautiful, and a group of men with a lot of money frolicking together, the scene was naturally a little ambiguous.
"How is that possible?" Rose looked incredulous. Even William Films, the largest film company in the United States, is just a drizzle compared to those oil giants, how can it be surpassed?
"It's going to take some time. I firmly believe that one day it will be realized, because after Americans fill their stomachs and live a prosperous life, spiritual and cultural consumption gradually becomes the mainstream. Lust is not thought of? β
With that, the gaze with a shallow smile swept over Rose's bulging chest.
Maybe it was burned by Situ Nan's eyes, Rose turned her head slightly, picked up the red wine and drank it. No more answers.
"Let's go over there!" After Situ Nan finished speaking, he picked up Rose and walked out of the small pool not far away, where the carefully arranged rockery fountain blocked it and seemed very secretive.
Such an ingenious design is naturally to satisfy a certain mind of the rich, and no one will disturb them.
"Now is the most beautiful moment for a woman! Mature and gorgeous, gentle and affectionate. Situ Nan smiled, and his slender fingers caressed Rose's white and delicate back.
This feeling of flesh is not greasy at all, it makes people feel very relaxed, and there are more and more things to share with Rose.
"I heard you dismantled the oil company?" Rose asked with a smile.
"Hmm. Chevron Oil Company will go public. Robbie (Robles' nickname) is talking about it, and it is estimated that the stock will be listed in New York early next year. β
Situ Nan glanced at Rose, hesitated for a moment, and said, "I'm going to transfer 1% of Chevron oil shares to your name." β
"Why?" Rose had no surprises. looked at Situ Nan with some puzzlement. Although they received a lot of help from Situ Nan, financially, the two were independent, and they never accepted Situ Nan's large gifts.
"That's the only thing I can help you. If you don't feel like it's appropriate, you can use the money to help others. Like a charitable foundation or something, like Mr. Easter. β
Situ Nan looked at Rose sincerely, a little afraid that he would lose this woman one day.
Rose's heart warmed, nodded, and smiled sweetly: "How about calling the 1912 Foundation?" We use the proceeds from our investments in various places for charity in shipwrecks. β
"Okay." Situ Nan was happy to see Rose accepting his kindness.
Before that. Rose also founded the Dawson Foundation, which is used to fund talented painters who have nowhere else to do so, in honor of the most important man in her life.
Over the years, she donated most of her fortune to the Dawson Foundation, except for necessary expenses.
Situ Nan knew about this by chance, so he always wanted to help her!
As if feeling Situ Nan's intentions, Rose was a little moved, and her skin was caressed by the magical fingers. The love became stronger and stronger, and he groaned and kissed Situ Nan's arms with a fiery sound. ??????
The temperature is getting hotter and hotter, and it makes people melt.
With a hearty roar, Situ Nan stepped back from Rose, and just now he didn't control it and shot inside. Stroking Rose's flushed face, he was a little worried, "No problem, right?" β
"Nope! It just so happens that I want a baby. Rose's words surprised Situ Nan, he looked at Rose with a satisfied face, and didn't know what to say.
"I'm almost thirty years old, so I have to have someone to rely on! Otherwise, I'll have to find another man? Rose smiled playfully, but a trace of grievance flashed in her heart, what she longed for Situ Nan couldn't give.
"Yes! In the blink of an eye, I'm running three. Situ Nan felt a little emotional, he had nothing at the beginning, but now the oil companies have begun to go public, and the women around him are no longer teenage yellow-haired girls.
Thinking of this, Situ Nan felt a sense of urgency that was pushed by time. Perhaps the big family he created should not only be reflected in his career, but also in his children.
Thinking of this, he regained his spirit and pressed hard.
??????
At night, when Robles watched Rose, who was full of ruddy, and Situ Nan, who was a little weak, come out, he smiled ambiguously: "I wanted to go to you, but now it's okay, it's finally there." There was a wonderful banquet tonight and we had a lot of time to enjoy this qiΔ. β
"Robbie, you're still the same, the little beauties of Hollywood dazzle you again!" Rose smiled, leaning slightly into Situ Nan's arms, not taboo Robles at all.
"Yes! Hollywood fascinates me, but in my heart, you're still so beautiful and moving, it's just that every time you frustrate me. Robles used to be fascinated by Rose, but Rose was not interested in him, and when he saw her and Situ Nan's intimacy, he felt a little surprised. It's not that I have any thoughts about Rose. is mainly envious of Situ Nan's Yanfu, that guy always meets so many superb women, but he is more and more losing interest in those superficial and empty women with appearances, it really can't be compared!
"Hey, your little sweethearts are here!"
Situ Nan pointed to the group of beautiful women coming to the door, and Robles immediately turned his head.
"Let's go! Let's find something to eat! Situ Nan took Rose's hand and walked towards the restaurant.
Warm lighting, fine food, beautiful women, and a band playing nearby. It's pleasing to the eye.
The only thing that disappointed me was that when I left, I ran into an uninvited guest, Karl? Hawk.
Seeing Situ Nan and Rose's intimate appearance, Hawke's face was a little unsightly, and his smile was a little reluctant. However, the two sides just said hello and left without a deep talk.
"Is Carl harassing you?" Situ Nan looked at Hawke who disappeared into the night, and turned back to Rose and said with concern.
"He also has a company in Hollywood, so we can meet occasionally, and we don't talk about harassment." Rose felt that Situ Nan was a little surprised. Talk about it.
"That's good!" Situ Nan disagreed with Hawke's behavior, now that the American steel industry is on fire again, he doesn't take care of the steel company at home, what kind of movie did he come to California to make? Is it because the thief's heart is not dead?
Situ Nan thought with some sensitivity.
Back at Rose's house, just as the mean old woman was not there, Situ Nan pushed Rose down again in the living room. After a while, he returned home the next day to appease Sinclair, the injured oil merchant.
Sinclair was invited to a horse race by Thomas, just in time to meet Stuart and the shareholders of Occidental Petroleum Company, but he was an important person.
"This is Handa, the president of Occidental Petroleum, and this is Guddars, the president of Chevron Oil. I'm sure Mr. Sinclair should be familiar with it, right? β
Situ Nan said that now is the time for a showdown. According to the Thomas report, Mr. Sinclair appears to have accepted the sale of Sinclair Oil.
Sinclair is no stranger to Handar and Guedas, in fact, Handar and Gudas are both benchmark figures in the American oil industry, and the success of Western Petroleum has inspired countless Americans to enter the oil industry. Dream of one day accidentally opening a big oil field and becoming a star in the oil industry.
In particular, Guedas's success in Venezuela has intensified the pace at which U.S. oil companies are looking for oil overseas.
If it weren't for the bad luck of being caught, Sinclair would have gone to Mexico almost two years later to look for oil and expand his business abroad?
"Mr. Sinclair, we have just made an important decision. Chevron will soon become independent from Occidental Petroleum, and I would like you to join us. We are always generous to our friends and will never let you suffer. β
Situ Nan said sincerely, and glanced at Hengda after speaking.
"Yes. On behalf of Occidental Petroleum, I propose to acquire Sinclair Petroleum Company in the hope that Mr. Sinclair will transfer your shares to us at our price - Chevron Oil Company. β
Hengda said, looking at Sinclair with some expectation. Sinclair Petroleum has a Sinclair pipeline company, which connects Indiana, Oklahoma and other central oil fields, with a length of 2,000 kilometers.
If Sinclair Petroleum is merged into Occidental Petroleum Company, then Occidental Petroleum Company will be able to obtain resource-rich Indiana and other central regions, expand Occidental Petroleum Company's oil network, and block Indiana Standard Oil Company's "southward direction" so that they will not compete for Texas oil resources, so for the more than 2,000 kilometers of precious Sinclair Pipeline, Occidental Petroleum Company is determined to win.
"Didn't Mr. Sinclair always want to expand the oil business overseas? Chevron will focus on resource-rich Mexico, Venezuela and South China. You won't lose out on the price we offer. I'm going to make you vice president, in charge of overseas business. β
Gurdas persuaded him. Sinclair is a veteran oil man with a lot of experience, and with his help, Chevron Oil will grow much more smoothly.
Sinclair opened his mouth slightly, he already knew the news of Chevron's independence, and it was not a loss to exchange Sinclair Petroleum shares for Chevron Oil, and the position of vice president in charge of overseas affairs was not low, after all, Chevron's overseas business was very large.
It's just that he is still a little hesitant in his heart, although he knows that he doesn't have much choice.
"Sir, you don't think you'll be able to live in peace on American soil, do you? It is the wisest choice to end those unpleasant things and start over. Maybe in a few years, you'll be lucky for your decision today. β
Situ Nan wasted no time in trying to dispel Sinclair's illusions.
"Yes! Could it be that I will be in prison or entangled in a protracted lawsuit? β
Situ Nan's words shook Sinclair's heart, and he woke up suddenly.
The Teapot Hill oil scandal is very wide-ranging, and it will certainly not be clear in one or two sentences, and it is better to make arrangements as soon as possible than to be afraid in the future.
Thinking about the reason, Sinclair decisively accepted Situ Nan's kindness and pulled out of the Teapot Hill oil scandal in advance.
Sinclair is the majority shareholder of Sinclair Oil, and as long as he agrees, Occidental Petroleum's acquisition of Sinclair Petroleum is basically a foregone conclusion.
As a result of the negotiations, Sinclair sold his stake in Sinclair Petroleum to Occidental Petroleum in exchange for an 8% stake in Chevron from Occidental Petroleum.
The shares are worth around $25 million, and considering Chevron Oil's listing, it could go up quite a bit, so Sinclair is happy with the deal.
His joining made Chevron Oil Company more powerful, and Situ Nan, who tasted the sweetness, secretly targeted the other protagonist of the Teapot Hill oil scandal - Edward? Dohney has his Pan American oil company.
The happiest was Hantec, and although Occidental Petroleum allowed Chevron to poach a large chunk of profits, TongguΓ²'s acquisition of Sinclair made up for it.
The series of deals were made in extreme secrecy, and when the other oil companies in the United States did not react, Chevron's independence was like a thunderbolt on the ground.
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