Reborn American Giants

Victor looked at the investigation report in his hand and fell into deep thought.

Because Texaco lost its huge oil and gas reserves in the oil-producing areas of the Middle East due to the "nationalization movement" of oil-producing countries in the Middle East, its high-production oil fields, pipelines, oil storage facilities, self-use refineries, and terminals were all

east road

As a result, Texaco's recoverable crude oil reserves decreased from 28.1 billion barrels to 11.1 billion barrels, a decrease of 60.5%, and crude oil production decreased from 3.5 million barrels to 2.46 million barrels, a decrease of 29.7%.

"Nationalization" not only dealt a heavy blow to Texaco, but also to the other seven major energy giants. The leasing rights contracts, which had been the source of high profits for a long time, were all invalidated, and most of its upstream assets in the Middle East oil-producing countries were lost.

.

At the same time, the original national oil companies of oil-producing countries have begun to enter the world energy stage. They have huge oil and gas reserves, crude oil production capacity, and a small amount of refining capacity. They occupy their own oil product markets and actively cooperate with their original masters of international oil and gas.

Seven giants in the energy market compete.

At the same time and the most important point, the break of the lease rights has shattered the kinship relationship between the seven energy giants that had the lease rights and equity between them.

No longer an inviolable "Big Mac", the symbiotic and co-prosperous relationship between them has transformed into a relationship dominated by competition.

The situation faced by Texaco has never been so bad.

Therefore, it urgently needs to find a new profit growth point.

Getty Oil was a target carefully selected by Texaco CEO Aaron Elvis.

Hof Lidke, the chairman of Penzer Company, said it right. Compared with spending huge time and money to find new oil fields, directly acquiring those belonging to the same type has a mature operating system and rich resource reserves.

The second category company is the direction that Aaron chose for Texaco to re-emerge.

"Nathan, you are familiar with American law. What do you think will be the outcome of Penzel's lawsuit this time?" Victor closed the report and asked, lying back on his office chair.

After hearing the question, Nathan cheered up, "It's hard to say. American judicial decisions cite "case law." If there is no precedent for case decisions, the judge is likely to give more weight to the jury's opinion. So Peng

Zell will have a good chance of winning."

"So when do you think the best time for us to intervene is?"

Now that he has understood the cause and effect of the matter, Nathan has already understood his boss's plan. If he wants to protect his own interests from several major energy giants, things will definitely not be as simple as imagined.

"When the first adverse judgment was handed down," Nathan quickly blurted out after thinking for a moment.

It is not difficult to judge by time. Since Penzel Company has chosen to go to court, it has already shown that the situation between itself and Texaco is a fight to the death. If Texaco is allowed to take a breather, Penzel Company will definitely not get any favors.

.

Kill it while it's sick, and Americans understand this very well.

Victor nodded, he did not speak, he just played with a pen in his hand and watched it spinning on the smooth desk surface.

"Dolio, do you remember the woman you met at Texaco today? Um...Madeline?"

"Hmm, the woman who led us upstairs..."

"Find someone to find out about her and find a way to get her to reveal some information about Texaco's upper management to us. The department she works in is the Office of the President's Assistant, so she will definitely be able to get access to a lot of useful information."

"clear."

"Be careful, I don't want to attract unnecessary attention."

"Don't worry, I understand what to do."

The time is not right now, Victor still has to wait for the incident to develop slowly.

…………………………

Not long after Christmas, the American people were attracted by the overwhelming litigation dispute between the oil giant Texaco and Penzer Company.

In fact, the fight between these giant companies is none of their business, but the red and bold "280billion" is a "b", not an "m", which attracted their attention. They lamented that these giant companies are really rich and unkind.

, if you are so rich, don’t invest more in charity, just enjoy the melons and watch the excitement.

Victor also went with Louisa to visit the attractions in New York while paying close attention to the actions of Texaco.

Soon, on January 7, Aaron Elvis announced that Texaco had reached an agreement with Power Test, the largest independent petroleum products distributor on the East Coast of the United States, after it completed its acquisition of Getty Company.

After the merger, the original Getty Company's gas stations and pipeline terminals in 11 states in the Northeast and Mid-Atlantic regions of the United States were sold to Dynamic Testing Company for US$90 million. It will ensure the supply of petroleum products to these gas stations.

At the same time, Texaco also announced that it will continue to supply gasoline and other petroleum products to Getty Petroleum Company's users at competitive prices.

Victor knew very well that this was Texaco's response to Penzer's lawsuit against Texaco for monopolizing the market. This move was intended to show that its merger with Getty Oil would not create a monopoly and would not hinder

Free competition will not harm the interests of relevant enterprises.

Immediately afterwards, the board of directors of Getty Petroleum Company held a press conference and issued a statement: The acquisition agreement agreed between Getty Petroleum Company and Penzer Company had not been finally signed and therefore had no legal effect. On the contrary, Getty Petroleum Company

The company has the right to sign all agreements with any fair competition enterprise without the approval of Penzel Company.

Because Texaco had already held lobbying efforts before Penzel appealed, and relying on much stronger power than Penzel, the Federal Trade Commission agreed not to veto this acquisition before the court decision was issued.

effectiveness. Therefore, while Texaco was seizing the time to launch the merger with Getty Oil Company, it convened a large team of lawyers to actively prepare for litigation in the Delaware Court of Equitable.

This is Texaco's move...

Penzer's counterattack came quickly. In an interview with the "Wall Street Journal", Hofliedek said: Texaco's move is just to deceive others. The United States is a country built on the spirit of contract. If anyone can break it,

The shackles of the contract, then there is no fairness and justice in modern social transactions. Texaco's approach is completely relying on its power as an energy giant to force the weaker Penzel Company to make concessions. We will never accept it.

This kind of approach.

Continuous media reports have also attracted the attention of the U.S. Congress. The Senate Judiciary Committee announced that it will hold a hearing on the merger of Texaco and Getty in the near future, and the House of Representatives also accepted some anti-merger proposals. In addition, there are

Some measures are specifically aimed at blocking a merger between Chevron and Gulf.

“I still feel sorry for the industry,” Maryland Senator Johnston said in an interview with HSD Daily. “In my opinion, these mergers are not happening out of the national interest. In the following years,

Within months, the horses have broken out of the stables, the eggs have been scattered, and everything is going to be out of control. We should take action now to stop this merger and curb this trend, otherwise the oil companies will be completely reorganized, and the restructured

The result is not conducive to the national interest."

However, the Underwood government did not come forward to stop all this. The situation continued to develop, and Victor was waiting quietly...