Chapter 1940: Taking Advantage of the Opportunity

"American Legendary Life ()" Find the latest chapter!

"Oh, other oil companies."

Li Zitao's smile became playful: "David, I was just going to discuss this matter with you. Let's go to the office to talk."

"Let's have a glass of whiskey first. Do you want some ice?" Li Zitao asked, holding up a crystal bottle in the office.

"Yes, thank you."

David looked at the furnishings in his office and joked: "You don't use this office more than 80 hours a year, but it is still the most gorgeous here."

"The biggest too."

Li Zitao stood in front of the window, handed him the whiskey and smiled: "The scenery here is also the best. I think this is the benefit of being a boss."

"That's right, BOSS." David smiled and raised his glass.

"A competent BOSS who can bring everyone wealth and reputation." Li Zitao toasted with him and drank half of the glass in one gulp.

His drinking ability has gotten better and better over the years. After half a glass of whiskey, he seems to be in good spirits.

"Charlie, what do you want to talk about?" David brought the topic down to business.

"Oh, right."

Li Zitao put the wine glass on the table, opened the drawer and took out several different reports.

"I know the performance of Exxon, Chevron and Texaco has not been great over the years and these reports prove it!"

The relaxation in David's eyes disappeared, and he looked at him with a serious expression.

After putting down the wine glass, he picked up the report and flipped through the pages.

The data inside is shocking.

These data were supposed to be company secrets and would not be known to anyone outside.

Some of the detailed figures were even more detailed than he knew. This should never have happened.

But it still happened, and it was right in front of me.

"What do you want to know?"

"You're wrong. It's not what I want to know. It's already written clearly in the report."

"Exxon's earnings have been falling year after year, and if it continues like this it can barely break even."

"Chevron has been unprofitable for two years...that's really weird!"

"Because according to the company's latest quarterly financial report, its profit in the first half of the year should be US$3 million."

Seeing that David's face had turned livid, Li Zitao continued to point to the last report: "The worst thing is Texaco, which has suffered losses for five consecutive years."

David wanted to retort, but he couldn't say a word.

Because everything Li Zitao said was true, he could not use any excuse to refute the other party.

"These are just immediate difficulties. The board of directors is determined to turn the situation around. We are seeking new investors and actively expanding the market!"

"There's no hope." Li Zitao said firmly.

"As a shareholder of Mobil, you should know exactly what the discovery of Bakken oil represents."

"Even if affected by the war, oil prices will remain stable and may increase slightly."

"But it wasn't enough to turn the situation around."

After David digested what he said, Li Zitao smiled and said: "However, I am very interested in finding investors you mentioned."

When he saw the report, David guessed his purpose.

But hearing him say this with my own ears, I still felt angry and helpless.

"What do you want to do?"

David's momentum unnaturally weakened because he did not have enough confidence to confront Li Zitao.

In fact, deep down in his heart, he also hopes that someone can change the situation.

The decline of Exxon, Chevron and Texaco has become an indisputable fact.

It's just that they don't want to admit this fact!

The person who caused this situation was the man standing in front of him.

Mobil's strong rise has enabled it to control a large amount of crude oil reserves, take the lead in occupying the Persian Gulf, and cooperate with the sheikh to open up the international market.

Let them lose all opportunities, one step first, one step first.

The market never cares about the reasons for things or whose feelings it takes care of.

Survival of the fittest,

As cruel as nature.

If Mobil hadn't always taken the lead and occupied a large amount of oil reserves.

Texaco aside, Exxon and Chevron at least would not have ended up like this.

At that point, they could have let Exxon or Chevron swallow up Texaco.

Or conduct mergers and acquisitions, bankruptcy and reorganization.

Any method can effectively solve this problem.

You could even have Exxon merge with Chevron and then annex Texaco.

By then, this new oil giant will occupy one-quarter of the U.S. market share and one-sixth of the North American market share.

This is just a setup, the fact is that Mobil has discovered those oil fields.

But David had other ways. He was just waiting for the right time.

As long as he can survive the current crisis, he believes that new opportunities will always appear.

All they need is a little more patience, and when an opportunity arises, they grab it tightly and never let go.

But what he didn't expect was that just when Exxon, Chevron and Texaco were at their weakest, they were targeted by a hungry wolf.

"Texaco filed for bankruptcy, Richland would help it complete its restructuring, and Mobil would fully acquire Chevron."

"I believe that with this money, Exxon will have enough time to change." Li Zitao's proposal surprised David.

“You want Chevron?”

There was something else he didn't say: 'Why not Exxon? ’

"I'm wondering why it's not Exxon?" Li Zitao said proactively.

"You guessed it right. So, why?" David admitted frankly.

"Because, of the two, I am more optimistic about Chevron, it's that simple."

Of course, Li Zitao would not admit that Chevron holds the land he wants.

If only David knew, after leaving this office.

He will try every means, even if it relies on manpower, to dig three feet into the ground and turn the land upside down.

This was not the result he wanted.

"Think about it, David, it won't do you any harm."

Li Zitao said calmly: "You will hold more shares in Mobil, have greater rights, and earn more profits!"

"I don't think anyone would refuse this kind of thing. It's good for you and me." Li Zitao put his arm around his shoulders and said, "This is a win-win situation!"

David was silent, but he was complaining in his heart: Win-win? ? ?

If he believed a word Li Zitao said, he must have been possessed by the devil.

"Charlie, it's too sudden... I need time to think about it and find someone to discuss it with. This is not something I can make alone."

David began to shirk. He needed time to calm down first.

Then carefully analyze every sentence, every word and the tone of voice spoken by the other party.

"Of course, I just hope that we can cooperate more closely and make more money together."

Li Zitao said with a smile, acting unusually calm.

But he still believed in his own perception. This greedy hungry wolf must have smelled the smell of blood before he took the initiative to open his bloody mouth.

"Thanks."

After draining the whiskey in his glass in one gulp, David smiled and said, "I'm going to leave now. I'll contact you if I have any news."

"Don't keep me waiting too long, David."

Looking at the figures slowly meeting in the crack of the door, he murmured: "After all, my patience is running out."