Chapter 1379: Entering the Gulf Oil Company

'Uncle Paul, this is our idea. What do you think?'

After Leonard finished speaking, he subconsciously slowed down his breathing and waited for Paul Mellon's attitude.

After consulting Xia Yu, Leonard and the Woodrow brothers got together to come up with a rough plan. After making sure there were no omissions, they went to their uncle, Paul Mellon, first thing to explain their ideas to him.

'You came up with this?'

Paul Mellon looked at Leonard and Woodrow in amazement and asked in a serious tone.

'Not exactly, but most of it was thought up by the two of us, and the think tank added some input. I included whatever I thought was appropriate.'

Leonard told a lie with a face expressionless, his mentality was so calm.

Woodrow also remained calm, facing Paul Mellon's scrutinising gaze with a frank expression, nodding to show his approval.

Paul Mellon could only choose to believe that the two nephews had come up with the idea, the two of them possessing such a broad overview of the situation and a strong logical mind.

He looked down at the proposal in his hands again, and after flipping through it for another ten minutes, he asked another question: 'Are you sure you can convince Xia Yu to help?'

'Is he really that strong?'

Leonard nodded very affirmatively: 'Yes, before attacking the Canadian financial market, it was my father who worked with Xia Yu. I don't know if my father has told you, but we witnessed the whole process.'

'At that time, the Rockefeller, Morgan, Chicago, and other Wall Street and international capitals were all involved, but our family and Xia Yu were the biggest beneficiaries, and the Rothschild family's strength in Canada was seriously weakened.'

'My father also gave us a spiritual and intellectual baptism through the review of that great battle, and we grew up a lot.'

Paul Mellon knew the general process and outcome of this incident, but he was not clear about the details.

When Leonard mentioned this, Paul Mellon's interest was piqued, and he volunteered, 'Leonard, Woodrow, you two tell me about the more specific process at that time.'

'Okay, I'll start, Woodrow can add to it later.'

'It happened like this...'

Leonard told Paul Mellon the details of the incident, and Paul Mellon listened very carefully.

Of course, through Leonard and Woodrow's account, he also got to know their thinking abilities.

After all, even if you know something, it takes a lot of ability to be able to recall it.

People without the ability to do so cannot grasp the crux of the matter and their accounts lack clarity.

After Leonard and Woodrow had finished speaking, Paul Mellon fell silent.

After pondering for a long time, he let out a long breath and said to Leonard and Woodrow, who were looking expectantly at him, 'Leonard, Woodrow, I support your plan. I will call a meeting of the clan tonight.'

'I will propose that you two take the lead.'

'Thank you, Uncle Paul!'

After receiving this reply, Leonard and Woodrow wore happy smiles and thanked Paul Mellon together.

'Don't thank me, everything we do is for the family,' Paul Mellon reminded them with a serious expression.

'We understand that the prosperity of the family is the foundation of our survival,' Leonard said with a solemn expression.

...

That evening, Paul Mellon once again called a meeting of all the responsible people, at which the plan was discussed.

Leonard and Woodrow stole the show and impressed everyone.

With the support of Paul Mellon, most people expressed their full support, except for a few who had reservations.

Even James Mellon, the chairman of Gulf Oil Corporation, had no choice but to compromise and agreed to give up Gulf Oil Corporation.

Leonard and Woodrow took the lead in gaining an advantage in the power succession of the Mellon family.

Whether they can gain control of the family depends on whether this crisis can be handled properly!

Early the next morning, Leonard informed Xia Yu and asked him to raise funds as soon as possible and call on his friends to trade some of the assets of the Mellon consortium.

In order to raise funds as quickly as possible, during the asset transfer process,

the Mellon family would cooperate fully and not make a fuss about assets and data, with speed being the main priority.

The effect of this was obvious.

In just two days,

while Gulf Oil was causing panic, a piece of news broke that sent the market into a frenzy.

Pacific Oil publicly announced that it held a 38.6% stake in Gulf Oil, with voting rights continuing to be held by the chairman, James Mellon.

The Mellon family had unexpectedly transferred all of its holdings, although the exact price was not disclosed.

If the Mellon family's transfer of its holdings was a bombshell, then what happened next left even more people dumbfounded, including Boone Pickens of Mesa Petroleum, who was trying to extort money.

James Mellon called a board meeting and proposed to comply with public opinion by splitting Gulf Oil into two. Half of the oil and gas reserves would be placed in the Gulf Oil and Gas Trust, while the remaining half of the oil and gas reserves, as well as the entire industrial chain of refineries, transportation and sales, would remain with Gulf Oil.

In order to better reward investors, Pacific Oil, the largest shareholder, was willing to give up most of its Gulf Oil and Gas Trust shares in exchange for more Gulf Oil shares!

The board voted to accept the proposal.

After the announcement, investors who had been brainwashed by Mesa Oil's arguments cheered, and their opinion of the newly emerged Pacific Oil Company improved significantly.

But very few people knew that Mesa Oil had played itself out!

Once Pacific Oil Company concentrated its equity and exchanged it for the new Gulf Oil Company, its shareholding ratio would surge to over 60%.

Once the shares of the scattered investors are eliminated, Pacific Oil's voting power at the shareholders' meeting and board of directors can easily exceed two-thirds.

At that time, Gulf Oil and Gas Trust will be directly controlled by Gulf Oil.

Even if there is oil and gas, it still needs to be transported, refined, processed and sold after being extracted.

Gulf Oil itself already owns half of the oil and gas assets, so if the situation is not good and production needs to be cut, the oil and gas fields of Gulf Oil and Gas Trust will definitely be the first to be cut.

Unless the Gulf Oil and Gas Trust Company betrays its master and someone with a majority stake severs the tie with Gulf Oil.

But then it would only have the assets of the oil and gas fields, and it would still need a patron. Being acquired might be the best way out.

Pacific Oil doesn't care about these oil and gas field assets. It doesn't have much else, just a lot of oil and gas fields, and what it lacks is the rest of the oil industry chain.

After absorbing Gulf Oil, a huge portion of the oil and gas field reserves can be injected into the company, and it can gradually gain full control of it. At that time, the oil and gas field resources can be utilised, and the position of the world's seven major oil companies will still be well-deserved!

...

Among the Rockefeller family.

After understanding the entire process, even David Rockefeller's mentality could not help but become irritated.

'Boss, do we still need to continue acquiring Gulf Oil's shares?'

'If we buy it, our shares will be replaced with shares in Gulf Oil and Gas Trust,'

Exxon Mobil Corporation Chairman Lore Lawrence asked with a tinge of anxiety.

'If we continue to buy, we can only take a step back and make sure we buy Gulf Oil and Gas Trust. Gulf Oil has half of the oil and gas reserves, which is also considerable. Losing these assets will definitely push Gulf Oil out of the top ten in the industry,'

David Rockefeller said with a gloomy face.

'Go find Mesa Petroleum and teach Boone Pickens a lesson. Buy the shares they have and keep the price down!'

As he said this, David Rockefeller couldn't help but let out a cold snort.

In his opinion, if Mesa Petroleum hadn't suddenly jumped in and messed things up, the Rockefeller consortium, with its strength, would have been able to seize control of Gulf Oil in one fell swoop and force the Mellon consortium to give up, ultimately achieving a complete takeover.

Now that this buffoon Mesa Petroleum has messed things up, the opportunity has completely gone to waste!

Boone Pickens must be taught a lesson!

"I understand. I'll go and carry it out,'

Rohr Lawrence obediently replied.

'Go ahead.'

After dismissing Raul Lawrence, David Rockefeller lounged on the sofa for a long time, before calling his assistant and asking him to deploy resources to investigate the Mellon family's mishap and the amount of the Gulf Oil share transaction.

Now that there had been such an accident, David Rockefeller realised that the situation had gotten out of hand.

If Gulf Oil had gone down, then the other targets must be taken, otherwise it would be a shame to let such a good opportunity slip!