The journey starts from the Titanic

Put it this way!You sell Sinclair Petroleum Company to us, and we will give you a stronger oil company. In fact, it is just an exchange. We are fair and will never let you suffer. Instead, we will make you the strongest in America. One of the best oil merchants."

"Is it Chevron?" Sinclair asked subconsciously, if he realized something."But Chevron is just a subsidiary of Occidental Petroleum."

"Not soon. Chevron Oil will become independent. It has merged with the California branch of Occidental Petroleum, and its strength has expanded several times. This is a big business!"

Thomas laughed, looking a little playful, looking at the lucky guy in front of him interestingly.If it weren't for Situ Nan's insistence, it is estimated that Thomas would really cause Sinclair to suffer heavy losses and even imprisonment.Conspiracy has always been Thomas' strength.

Occidental Petroleum is going to spin off?

This news surprised Sinclair. He somewhat understood why the other party had devoured himself.However, Occidental Petroleum has a good momentum of development and has the opportunity to impact the world's largest oil company. It is now split, which is a pity.

"Why?" Sinclair was puzzled!

"The boss said that the company is too big and there are too many things to take care of. One company can't manage it. If luck is good, the two companies that were separated will return to their original level in a few years." Thomas laughed.

Isn't this the emergence of two western oil companies?Is it possible for such a huge company to double in a few years?

Sinclair really didn't understand where Situ Nan's confidence came from. He shook his head, still having many questions.For a while, he also forgot his Sinclair Oil Company.

Seeming to understand Sinclair’s doubts, Thomas explained: “It’s still possible. We have more resources than you think, especially overseas. Our assets are growing rapidly. Take the Maracaibo region in Venezuela. For oilfields, Occidental Petroleum has more than 70% of the equity, and it is only a small amount of mining. But every year, the benefit we get from there is equivalent to the benefit of Sinclair Oil last year. This is just one of them. Understand?"

"This..." Sinclair was a little speechless, but didn't doubt Thomas.Occidental Petroleum Corporation almost monopolizes Venezuelan oil, which really makes other US oil companies jealous.

Sinclair heard a rumor that Occidental Petroleum benefited hundreds of millions of dollars from Venezuela's oil investment every year.There may be some moisture in it, but Sinclair is convinced.

Many Americans are surprised that such a world-class oil company is not listed, so they know that the accounts are never open to the public.

When people mention Occidental Petroleum, there is always a sense of mystery.

Sinclair was also very interested.Under his questioning, Thomas selectively told a lot of Occidental Petroleum’s secrets, as well as Situ Nan’s strategic arrangement with Occidental Petroleum. The acquisition of Sinclair Petroleum was just one step.

Chapter 180 The World's Largest Oil Extractor!

One is the international market, and the other is the local market, both are tempting.Perhaps it is indeed a good expansion opportunity to merge with other oil companies after the split and become strong again.

Sinclair understands Occidental Petroleum’s practices, but it doesn’t feel good to be a target of mergers by others.

"You have already swallowed Chevron Oil Company. Are you still not satisfied?"

Sinclair was unwilling to say.He didn't want to give up the industry he worked so hard, because it almost killed him.

"You have no choice!" Thomas said bluntly, smiling disdainfully.

He wants to bargain, he sees a lot of this trick, but few people can bargain with Thomas!

Sinclair opened his mouth as if he was strangling his throat. He couldn't speak for a while, his face flushed, and he looked at Thomas with some anger and helplessness, and finally dropped his head.

"Okay! I want to discuss with your big boss, I must guarantee my interests." Sinclair sighed.

"no problem."

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

If Sinclair is uninterested, he will convene a general meeting of shareholders, not only to get Sinclair, who is "struggling to climb outside" to lose weight, get out of the board of directors, but also to send him to prison!...

Situ Nan did not have time to convince Sinclair that in the Occidental Petroleum Building in Los Angeles, an oil conference that shocked the world was being held.

Participants at the meeting were all shareholders of Occidental Petroleum. Except for several individual shareholders such as Situ Nan, Hengda, Bot and Gudas, they are all Situ Nan’s heavy partners, as well as Robles, Wells Fargo, and Bethlehem Representatives of key enterprises of the William Consortium or related financial institutions such as Giant Corporation, William Financial Holdings, and William Foundation.

Like all major U.S. companies, Occidental Petroleum has cross-shared shares with companies within the consortium from the beginning to form a closely-connected group. The board of directors has a complex and huge structure. The shareholders here also have the hats of directors of several major companies.

Situ Nan sat unceremoniously in the middle of the round table. That was the seat of the chairman of Occidental Petroleum Corporation. Robles and Hengda sat around Situ Nan. These NPC bosses were all famous figures in their respective industries, but At this moment, they all circled Situ Nan.

It’s rare for people to come so together. Situ Nan felt proud and smiled: "Looking at you, I felt emotional, as if we were digging for oil in the wild in California yesterday, bitten by mosquitoes, without water, and food is not good. Life is very difficult.

Now that we have created Occidental Petroleum to become the second largest oil and petroleum complex in the United States and even the world, it is a truly remarkable achievement.Sitting here, I feel no different from the Rockefeller Building on 23 Wall Street or Fifth Avenue!"

His words made everyone know how to smile. If they hadn't seen it with their own eyes, they wouldn't believe it. Following the great genius of Situ Nan, they had witnessed one miracle after another.

Among them, Robles and Hengda are the ones who have the deepest feelings. They are sitting on the left and right sides of Situ Nan, and they are facing each other.

"Hengda, tell everyone how our cows look like?"

Robes laughed.

The cow he was talking about was Occidental Petroleum. Since its establishment in 1913, it has not suffered a loss. Instead, it has expanded at several times every year. Even during the economic depression in the past few years, Occidental Petroleum was not affected at all. The profit earned every year is hundreds of millions, so he was kindly become a cow by Robles!

Robles’ words made everyone happy. As soon as the voice fell off, Hengda’s Bot complained: “Although the cows are well raised, we don’t drink much milk?”

Bot is the veteran of Occidental Petroleum and the third largest shareholder after Situ Nan and Hengda. He holds 8% of the shares and is very qualified.

what!

This was interesting, and everyone was happier. They looked at Situ Nan with a bit of expectation in their eyes.

Situ Nan smiled slightly and touched his chin, feeling a little embarrassed.

Since the establishment of Occidental Petroleum Corporation, it has made a lot of money every year, but the dividend was only distributed once in the previous year. It was after Harding came to power to restore the normal economic order in the United States and greatly reduced the profit tax before Situ Nan agreed to the dividend. He distributed the $30 million bonus to shareholders, and he personally took half of it.

In fact, this bonus is only a small part or even less than one-tenth of Occidental's historical profits, and most of the rest has been invested in expanded reproduction.

This has caused dissatisfaction among some of the small shareholders, but especially those who later bought shares. When they subscribed for Occidental Petroleum shares, they had signed a harsh clause that they accepted Occidental Petroleum’s long-term no dividends.

However, the enthusiasm of investors is still unstoppable. Many people would rather spend a high price to buy a share in Occidental Petroleum. Unfortunately, most of them failed to do so. Situ Nan was unwilling to transfer the shares. Financing depends on issuing bonds and attracting investors with high interest rates.

Every time Robles & Co. underwrites corporate bonds, before New York investors can start, the major financial companies on Wall Street preemptively start. Some are resold to other investors, but more of them retain Occidental Petroleum bonds.

These bonds are long-term. Most of them were issued from the 1916 Occidental Petroleum Company's big expansion, with ten years of maturity and almost maturity.

However, compared with the current strength of Occidental Petroleum, the interest is not worth mentioning, and it is fully capable of repaying it.

"Okay! I admit that I am an iron cock, and I am a fiend! But thank you very much, old friend, for not going to the court to sue me!"

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

Although Bot has some criticisms about this, he has always supported Situ Nan along the way.With the support of major shareholders such as him and Hengda, Occidental Petroleum can put more and more resources into expansion.

If all the money were divided up, it would not only be cheaper for the US government, but Occidental Petroleum would not be able to grow to its current scale.

This practice of Occidental Petroleum does not actually conform to the rules of the American corporate world.

Giants like Mobil and Exxon have to distribute a large amount of profits to shareholders and shareholders every year, but that is because others have a good foundation and conditions, and they are listed companies, and they must take into account the interests of shareholders.

It is worth mentioning that among them is a strong black man. He is Hayes. He is the first small foreman hired by Situ Nan. He is now the vice president of Occidental Petroleum Corporation in charge of oil exploration and production. He is estimated to be the best in the United States. Money is a rich black man, and his shares have already exceeded ten million dollars.

Occidental Petroleum has seven vice presidents who are responsible for the convenience of the oil industry. There is no doubt that Hayes is a very important one.He is also the most loyal to Situ Nan.

Hearing Bot's dissatisfaction, Hayes retorted: "Sir, after you get the dividend, you are not investing in other businesses. Is there a better investment in the world than investing in Occidental Petroleum? You invested two or three million US dollars at the time. , Now the shares in his hand have exceeded 100 million U.S. dollars!"