The journey starts from the Titanic

Regarding how to split Occidental Petroleum, Situ Nan and Hengda had disagreements and even quarreled.

According to Situ Nan's plan, all overseas assets and tanker companies were merged into Chevron Oil. Chevron Oil replaced Occidental Petroleum to expand overseas markets, focusing on crude oil extraction, transportation and international trade.

On the other hand, Occidental Petroleum concentrates on operating the US market, focusing on attacking the downstream market of the oil industry to counter Exxon Oil.

Hengda firmly disagrees, believing that this move will cause serious damage to Occidental Petroleum. If the overseas assets are separated, Occidental Petroleum’s resources will be reduced by half. This will also affect Hengda’s role as the helm of Occidental Petroleum. interest.

After all, torn Occidental Petroleum in half, it was a bit unfair to Hengda. In the end, Situ Nan made a concession and allocated Occidental Petroleum’s market in California to Chevron Petroleum, and Chevron Petroleum also inherited Assets in Asia, Nanhua's oil fields, refineries, Chinese branches, and Japanese branches merged into Chevron Petroleum, which together inherited about one-third of Occidental Petroleum's assets.

This result was completely beyond Gudas's expectations. He did not expect that Chevron Oil would not only gain Asia, but also preserve the fertile land of California.

Oil extraction is his strong point. He was responsible for Occidental Petroleum’s Venezuelan project at the time, and it was done very well. Occidental Petroleum received most of Venezuela’s oil interests. Gudas has made significant contributions. This is also to persuade Situ Nan to hand over Chevron oil. The main reason for Gudas.

Gudas is like a bull, brave, and like a wolf, greedy and cunning. Especially in Venezuela, he withstood the pressure of Shell oil and firmly controlled the oil interests of Occidental Petroleum in Venezuela, which was very much in the heart of Stuart. And fighting in the fiercely competitive international market is more in line with Gadas's temper.

The meeting on the split of Occidental Petroleum has been going on for more than a week, under extreme confidentiality.The citizens of Los Angeles are still busy. Countless vehicles pass by Chevron Oil Company. Almost everyone does not know that a conference that has a profound impact on the world oil industry is gradually coming to an end.

However, Chevron Petroleum will not completely separate. Occidental Petroleum will still hold 15% of Chevron Petroleum's shares. At the same time, Chevron Petroleum will continue to provide crude oil to Occidental Petroleum through contract orders.To some extent, those overseas oil fields are actually controlled by Occidental Petroleum.

However, this still couldn't quell Hengda's regrets. In private, he complained to Situ Nan: "I'm so crazy that I agreed with your plan! I really don't know what Rockefeller would think when he heard this news?"

"His Standard Oil Company was split up and forced, and it may be painful and even humiliating, just like being raped. But he should understand me!"

Situ Nan said with emotion, he had to do so.There are too many things in his hand, which is very hateful. Chevron Oil is actually a target he erected to block the secret arrow of Occidental Petroleum.

"Isn’t it good to go lightly now? Occidental Petroleum still holds a lot of shares in Chevron Petroleum, but after Chevron Petroleum is listed, it is just right to collect money, so that we can invest in the oil processing field with greater confidence. Well... after all, not everyone is as ambitious as you and me."

Situ Nan sighed softly, with a strange expression.

The promotion of Chevron Petroleum's listing was planned very early. The purpose is very simple, to collect money, and many people seem to profit from it. They are the long-awaited result.

Robles, Wells Fargo, Bethlehem and other related companies all hold shares in Occidental Petroleum and have their own interests. The emergence of Chevron Oil has just met their wishes, and it is also the wishes of Wall Street and many Americans.

"You are always reasonable. Many people think that they are taking advantage, but in the end they discovered that the real cunning is actually you, a good negotiator."

Hengda smiled.

Occidental Petroleum’s losses are not as large as those shareholders imagined. Most of the oil fields along the Gulf of Mexico are in the hands of Occidental Petroleum, including the Venezuelan oil fields, which have been growing rapidly.

As long as it increases production, the lost production capacity can be made up within a few years, and it is still the world's largest oil extractor.

"I’m telling you the good news that the synthetic rubber technology of Giant Labs is already a bit brighter. A new market is about to open to us. This is the best way for us to catch up with Exxon. In terms of refined oil production, we can’t catch up. Many of them. Remember, my friend!"

Situ Nan spoke eagerly towards Hengda Road.

Oil is not only an energy source, but also a widely used resource.The market potential of petrochemicals is no less than that of refined oil!

Hengda's eyes gleamed, and he immediately recovered calm, nodded solemnly, remembering Situ Nan's words in his heart.

"However, for South China, the news is not so good. Synthetic rubber will greatly reduce the price of rubber. And the rubber industry is the lifeblood of South China. The only way to make Americans is rubber."

Situ Nan thought boredly.

Driven by American automobile companies, 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 tacit understanding with each other, and the two sides cooperate with each other to constantly increase international rubber prices.

The price of one dollar per pound makes American rubber manufacturers have to go to South America to grow rubber.However, it will take ten or eight years to wait for rubber to mature. At that time, the synthetic rubber technology was mature. Before that, Nanhua's rubber industry still had ten years of happiness!

enough!

Chapter 182 Acquisition of Sinclair: 2000 km of pipeline

"Although people still don't understand this approach, I firmly believe that it is correct. Let time prove it! Now we start a business for the second time, start again, and let's go!"

Situ Nan gave a final word, his eyes swept across the faces of every shareholder, his eyes confident and calm, and he was quietly relieved. The meetings for several days really made him exhausted.

During the period, there were differences, quarrels, and mutual compromises, and finally the dust settled.

Shareholders filed out of the meeting room, and Situ Nan left Hengda, Robles, and Guadas behind.

"Okay, you got it!"

Hengda gave Situ Nan a blank look and had to accept the fact that Chevron Oil was independent.Although Occidental Petroleum is still the majority shareholder of Chevron Oil, in terms of operations, Chevron Oil is unlikely to follow Occidental's instructions as before.

"Don't talk about it, just talk about what is happy. If Chevron Oil Company takes out a quarter of its shares to go public, how much is it estimated to sell?"

Situ Nan asked Robles.

As soon as this remark came out, Henda and Gudas' eyes suddenly focused on Robes' face.

As soon as Robes’ eyes turned, he began to calculate that Chevron’s main asset is the California Petroleum Company, which was originally owned by Occidental Petroleum. It inherits nearly one-third of Occidental’s assets, and the value is about 300 million US dollars. Considering South China With the fast-growing petroleum industry and Chevron Petroleum’s position in South China’s petroleum industry, Chevron’s value is far more than US$300 million."At least one hundred million dollars!"

Robles raised a finger and smiled confidently.

This is a heartwarming answer. Hengda and Gadas met each other, digested the news silently in their hearts, and made up their own little ideas.

"It's only 100 million, it's a bit less! Let's make do with it!"

Situ Nan smiled faintly without much excitement. Chevron Petroleum Company has a lot of high-quality resources, all of which are fat. The development of the US oil industry is so hot. Once Chevron Petroleum is listed, the market value of Situ Nan will not expand by 5 times. Surprised.

"Yes, this is the most conservative estimate. It will be impossible to say exactly which step to take. According to the current development trend of Chevron Oil, it is possible to approach or exceed Mobil Oil in ten years. If I were an investor , I am not willing to sell these shares."

Robles nodded.I was excited. Robles Securities, a subsidiary of Robles & Co., has established branches in New York, Chicago, and San Francisco covering the United States. It can sell stocks and bonds across the United States and absorb huge amounts of funds from the financial market. One is profit, and Chevron Oil is undoubtedly an excellent target for operation.

"Slowly come out. The issue price must be set high! The handling fee should be low! The financial companies will not be cheaper." Situ Nan exhorted.

"you……"

Robles was a little angry, isn't this pointing at the monk and cursing the bald donkey?

Indeed, the financial company mentioned by Situ Nan is Robles.

"Yes! The U.S. stock market has started to boom. Chevron Oil is definitely the only potential stock in the world. I think any financial company on Wall Street will be interested."

Hengda smiled slightly and glanced at Gurdas beside him encouragingly.

"That's right! The City Bank of New York, Morgan Commercial Bank or Mellon Bank, they would be willing to help without handling fees?" Gudas laughed.

"A bunch of bastards!" Robles looked at the shameless guy in front of him angrily, a little heartbroken.Situ Nan took the lead in digging into the corner of the Robles company, which is too unjust.

In desperation, Robles had to underwrite Chevron Petroleum's stock at a very low rate. However, considering the huge number of companies and the potential of Chevron Petroleum, Robles Securities could at least make a profit from it. Ten thousand U.S. dollars.

With this money, it is estimated that many things can be done.

According to the agreement between Situ Nan and Hengda, Occidental Petroleum will eventually retain 15% of the shares, and it currently holds 40% of the shares.

With the development of Chevron Oil Company, more and more shares will flow into the financial market in the future, the public shareholding ratio will gradually increase, and Chevron Oil Company will become a public company from a private company.

In this process, Occidental Petroleum will slowly release 25% of Chevron’s shares and invest funds raised from the financial market into the downstream areas of the oil industry.