181 Chevron Oil vs. Occidental Petroleum

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"Is it a listing?" Robles' eyes lit up!

With the U.S. stock market gradually improving and a lot of money pouring into Wall Street, it would be a rare opportunity for Robles to go public.

During World War I, Robles Securities & Co. underwrote U.S. Treasury bonds, making tens of millions of dollars in profits and becoming one of Wall Street's top financial firms. Influence has reached the Fed.

"Yes. But not Occidental Petroleum, but Chevron. Situ Nan nodded, and his voice fell, causing everyone to discuss.

Although they had been informed of this before they came, now that they came out of Situ Nan's mouth, they still felt shocked, excited, and a little puzzled.

What is puzzling is that those small shareholders, the core figures of Occidental Petroleum Company, have already reached a consensus with Situ Nan, and they have been planning for more than two years, and now it is time for it to come to fruition.

"Let's get started! Get your plan out there. Situ Nan motioned for Hengda to get to the point, and glanced back at He Yongyuan, the assistant who was sitting next to him with a stern expression and faintly suppressed his excitement.

He Yongyuan took a deep breath, puffed up his chest slightly, looked confident, and distributed a copy of the document to the shareholders, which read the spin-off plan of Occidental Petroleum Company.

"Occidental Petroleum's oil fields are located in California, Texas, Kansas, Oklahoma, Louisiana and other western and southern oil-producing states, of which California and Texas are the mainstays, including California and Texas, including California Shengjin Valley Oilfield, Houston Yates Oilfield, Spindle Oilfield and other oilfields, with proven oil reserves of more than 1 billion tons and an annual oil output of 50 million barrels, accounting for 2/5 of the total oil production in the United States, which is equivalent to the annual output of Exxon Oil and Mobil Oil combined! We are the largest oil producer in the United States and the largest crude oil producer in the world,"

With that, Handar clenched his fist and waved it in the air. It looks very powerful!

When he heard this number, the representative sent by the little Rockefeller had a slightly unsightly face, and across the long table, he looked at Situ Nan, who was smiling indifferently, with a complicated expression.

Situ Nan also sensed the other party's gaze. I smiled in my heart, in fact, Occidental Petroleum has far more oil reserves than this meagre 1 billion tons. In front of them, it is only those oil fields that are already well known, and secretly Situ Nan and Hengda have more oil fields, enough for Western oil companies to exploit at the current scale for more than a hundred years.

"Oil prices in the U.S. rose to $3 a barrel last year, but because of our excellent performance, oil prices have fallen back to $2.5 a barrel."

Handar had a rare funny smile. "In addition to the United States, we also have 500 million tons of oil reserves in Venezuela and South China, and we produce nearly 30 million barrels of oil overseas every year, of which 20 million tons are produced in Venezuela and 5 million tons in South China, as well as Mexico, Bolivarian and other Latin American regions," he continued. ”

"What?" The gentleman who attended the shareholders' meeting on behalf of Mr. Rockefeller Jr. could not help but lose his voice, and his face was a little pale. Apparently the gentleman from the east was not sure what was going on.

Not only him, but in this huge system, even within the Western Petroleum Company, there are few who know the exact number.

Hear this exciting news. Even Robles, who was sitting next to Situ Nan, couldn't help swallowing his saliva, and several directors of the William Consortium in financial comprehension or other industrial fields also turned ruddy, breathing a little urgently, and their eyes were shining, and no one paid attention to the gaffe gentleman.

"Yes. We have more than 80 million barrels of oil, which is equivalent to the total U.S. oil production five years ago. We are the world's largest oil producer! As soon as we sneeze, world oil prices fluctuate. In fact, we are reluctant to do this, high oil prices are not in line with our development, and they are not in line with the development of American industry. ”

Handar laughed. He felt very benevolent, and in fact, many people scolded him as the devil.

"Not so much, right? Does that also include the Gulf Oil Company? South China Petroleum also belongs to some of the United States China Petroleum. Hayes was more honest and added.

Hengda nodded, and retorted slightly: "Even so, aren't those yields all that we can control and influence?" ”

"That's right! In terms of oil extraction. We are already ahead of Mobil and Exxon, but we must also be soberly aware that in terms of oil transportation, our strength is only equal to 1/3 of Mobil and Exxon, and in terms of petroleum refining and chemical industry, our refineries are only 1/5 of each other. That's where the potential is greatest, Exxon buys crude oil from us, and after processing it, it makes several times more profit than me.

Although we are working hard to build transportation pipelines, buy tankers, and open gas stations, we have to say that we are still a long, long way from Exxon oil downstream in the oil industry. In this regard, Shell oil in Europe is also stronger than us! They are still the hegemon of the oil industry! ”

Situ Nan said loudly, the smile on his face disappeared at this moment, replaced by an unprecedented strictness, the light in his eyes told the people present, how firm his determination was, how huge his ambition was, and that fearless courage deeply infected Hengda and them, and there was a more magnificent career waiting for them next.

"Someone secretly said that Occidental Petroleum is worth more than $1 billion, but my goal is 10 billion, 100 billion! I believe that when I see God in the future, I will be able to tell him the good news. ”

Situ Nan added that in fact, he did not believe in God at all!

Robles was unimpressed by Situ Nan's use of God's assurances, but he was very interested in the $10 billion Occidental Petroleum Company, and interjected: "Then why break up Occidental Petroleum?" ”

"It's simple. A two-handed fight is stronger than one! Our opponents, Rockefeller and the British, should not only maintain their superiority in the field of oil extraction, but also strengthen their strength in the downstream of the oil industry.

To put it simply, it is to build oil tankers, refineries, chemical plants, and gas stations. Only by approaching or surpassing Rockefeller in these aspects can we be the world's biggest oil merchants, and only we can do it! ”

Handa said confidently, admiring Situ Nan seamlessly, since he, the president, doesn't mind the damage to the strength of Occidental Petroleum Company, what else can others say.

"Lucky Chevron!" Guedas muttered.

"Do you have an opinion?" Situ Nan asked.

"No!"

"That's good! President of Chevron Oil Company, you should be! I've got a helper for you. Situ Nan said with a smile.

"Me?" Gedas was pleasantly surprised, he didn't expect Situ Nan to value himself so much, clenched his fists, and nodded solemnly. I swore in my heart that I must do a good job.

Guedas was vice president and president of Occidental Petroleum and president of its subsidiary, Petro-Cal, which became president of Chevron after the company changed its name to Chevron Petroleum.

Chevron oil is going to go independent. It is also appropriate to continue to entrust Gedass with important tasks, but the education process of Gedass is not high, and it is good to gamble (he has quit), which makes Situ Nan hesitate a little, and he has not made up his mind whether to choose Sinclair or Gedas, and finally chose his own people.

Gedas also vaguely sensed Situ Nan's hesitation, but now he could finally get his wish. It's been ten years. He is no longer the Wuxia Amun of the past.

Situ Nan and Hantec had disagreements and even quarrels over how to split up Occidental Petroleum.

According to Situan's plan, all overseas assets and oil tanker companies will be merged into Chevron Oil, and Chevron Petroleum will replace Western Petroleum to expand overseas markets, focusing on crude oil extraction, transportation and international trade.

Occidental Petroleum is concentrating on the U.S. market and attacking the downstream market of the oil industry to compete with Exxon.

Hantec firmly disagreed. It is believed that this move will be damaging to Occidental Petroleum and that if the overseas assets are separated, it will reduce the resources in the hands of Occidental Petroleum by half. This also affects Hantec's interests as the helmsman of Occidental Petroleum.

After all, it was unfair to Hantec to tear Occidental Petroleum in half with his own hands, and in the end, Situ Nan made concessions and divided the Occidental Petroleum market to Chevron Oil, and Chevron Petroleum also inherited assets in Asia, South China's oil fields, refineries, Chinese branches, and Japanese branches were merged into Chevron Petroleum, adding up to about one-third of Occidental Petroleum's property.

This result was completely unexpected by Guedas, who did not expect Chevron oil to get more than just Asia. It can also keep the fertile land of California.

Oil extraction is his strength, and he was responsible for the Occidental Petroleum project in Venezuela, which was completed very well, and Occidental Petroleum received a significant credit for most of Venezuela's oil interests, which was the main reason for persuading Situ Nan to hand over Chevron oil to Gedas.

Guedas is like a bull, brave. Like a wolf, greedy and cunning, especially in Venezuela, resisting the pressure of Shell Oil and firmly controlling the oil interests of Western oil companies in Venezuela, it is very much Situ Nan's heart, and it is more in line with Gedas's temper to fight in the fiercely competitive international market.

The meeting on the break-up of Occidental Petroleum lasted more than a week, in extreme secrecy. The citizens of Los Angeles are still busy, countless vehicles are constantly passing by Chevron, and almost everyone knows it, and a conference that has far-reaching implications for the world's oil industry is coming to an end.

However, Chevron will not be completely separated, and Occidental Petroleum will still hold a 15% stake in Chevron, while Chevron will continue to supply crude oil to Occidental Petroleum in the form of guò contract orders. In a certain way, those overseas oil fields are actually controlled by Western oil companies.

However, this still could not calm Hengda's regret, and he complained to Situ Nan in private: "I'm really crazy to agree to your plan!" I really wonder what Rockefeller would have thought when he heard the news? ”

"His Standard Oil company was broken up, it was forced, it could be painful, even humiliating, like being raped. But he should understand me! ”

Situ Nan said with some emotion, he had to do this. There are too many things in his hand, which is quite hateful, and Chevron oil is actually a target he has erected to block the hidden arrows of Occidental Petroleum Company.

"Wouldn't it be nice to travel light now? At present, Occidental Petroleum still holds a lot of shares in Chevron, but Chevron can make money after it goes public, so we can have a greater grasp of investing in the oil processing field?????? After all, not everyone is going to be as ambitious as you and me. ”

Situ Nan sighed softly, his expression a little strange.

Pushing Chevron oil to market was planned by him for a long time, with a very simple purpose, to make money, and many people seemed to profit from it, and they were the result they had been waiting for for a long time.

Robles, Wells Fargo, Bethlehem and other affiliates, all of which hold shares in Occidental Petroleum and have their own interests, the emergence of Chevron oil is exactly what they want, but also that of Wall Street and many Americans.

"You're always justified. Many people think that they are taking advantage, but in fact, in the end, they find out that the real cunning is actually you, a kind and negotiable guy. ”

Handar laughed.

Occidental Petroleum has not suffered as much damage as those shareholders thought, and most of the oil fields on the Gulf Coast are in the hands of Occidental Petroleum Corporation, including the Venezuelan oil fields, which are growing rapidly.

As long as production is increased, the lost production capacity can be recouped in a few years, and it is still the world's largest oil producer.

"Good news for you, the synthetic rubber technology of the Giant Real Yàn Room is already a bit eyebrow-raising. A whole new market is about to open up to us. It's the best way for us to catch up with Exxon. In terms of refined oil production, we can't catch up with them. Remember, my friend! ”

Situ Nan said to Hengda earnestly.

Oil is not just an energy source, it is a widely used resource. The market potential of petrochemical industry is no less than that of refined oil!

Hengda's eyes flashed, and he immediately regained his composure, nodded solemnly, and took Situ Nan's words to heart.

"However, for Nanhua, the news is not so good, synthetic rubber will make the price of rubber drop significantly. And the rubber industry is the lifeblood of South China, and the money that makes Americans except oil depends on rubber. ”

Situ Nan thought a little boredly.

Driven by the American automobile company, rubber prices continue to rise, Malaya and South China are the world's most important rubber producing areas, the British and South China have a very tacit understanding with each other, the two sides cooperate with each other, and constantly raise international rubber prices.

The price of a dollar per pound forced American rubber manufacturers to go to South America to grow rubber. However, it will take ten or eight years to wait for the rubber to mature, and it will also be the time when the synthetic rubber technology is mature.

Enough is enough! (To be continued) RQ

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