novelones Chapter 247: Status damaged, Lindgren makes new achievements
Chapter 247: Status damaged, Lindgren makes new achievements
Mobil's president's office.
Bobby was smoking a cigar while looking excitedly at Mobil's new January financial report.
He can never forget the time Lindgren was courted by Public Energy in North Dakota.
The opponent's rapid rise in the world rankings made the oil overlord feel a hint of crisis.
The think tanks quickly came up with countermeasures.
When Husky oil wells were rising from the ground, the price of crude oil was reduced, making profits far less than expected!
On the other hand, it relies on the low-price strategy to further consolidate its sales market share.
It can be said that the plan has been going very smoothly till today.
There are not many voices pursuing Husky in the market. The other party has spent a lot of money to increase production, but the profits are far from expected.
Although many members of the OPEC organization complained, their protests could not stop Bobby's determination to continue the low-price strategy.
Just when he was imagining that Husky suffered losses and was unable to recover.
His assistant rushed through the door:
"President, something bad is going on. Saudi Arabia has just announced a plan to suspend production and reduce production. Members of the OPEC organization headed by it have followed up and issued notices of production reductions."
Bobby lectured angrily: "Didn't you continue their negotiations?"
"Of course they do, but they insist on cutting production and want to increase oil prices."
"Naive Middle Easterners, by doing this, they will undoubtedly push all the vacated markets to non-OPEC oil member states!"
Thinking of this, Bobby's face was filled with contempt:
"Just continue to increase our output. I want to see how long they can persist."
Bobby arrogantly regarded Saudi Arabia as a disobedient protesting labor. He knew that the other party's financial situation would not last long, and he would go back to work obediently.
The assistant was so anxious that he was sweating profusely:
"Sir, please let me finish. To make matters worse, just a few minutes after Husky released the news, Husky also issued an announcement to stop production!"
At this time, Bobby couldn't sit still. He turned on the TV. The media was broadcasting special news about OPEC's production cuts and Husky's follow-up.
The hateful experts gloated and threw the blame on Mobil, claiming that he broke the normal pricing rules of the market and aroused public outrage.
"President Bobby will definitely pay the price for his previous stupid decision!"
This so-called expert must have received a red envelope from Husky.
Bobby immediately smelled the smell of conspiracy. The disobedient younger brother and the enemy came together to challenge the authority of his big brother!
If Husky is added to the mix, the world will fall into a new round of oil crisis!
Oil prices are bound to skyrocket in a short period of time!
As a result, Mobil is bound to be in a dilemma.
If it is forced to raise prices under pressure, wouldn't the majesty of Big Brother Mobil be lost?
"Continue to maintain this price and increase productivity, and we will just take the opportunity to seize the market vacated by the two parties!"
The assistant led the way.
Bobby admitted that he was betting that the finances of Saudi Arabia and other countries would not last long.
After he turned on the TV, the expert hired by Husky was still talking nonsense:
“Everyone thinks that the finances of OPEC oil countries cannot last long when faced with huge expenditures, but don’t forget that Saudi Arabia and other countries have large foreign exchange reserves, and they have long expected such a day.
If they are determined to fight Mobil to the end, they will definitely use their foreign exchange reserves..."
Bobby wanted to smash the TV, just when he was about to file a complaint against the TV station.
Not long after, the assistant came in a hurry:
"President, something bad happened. Saudi Arabia just announced that it will use US$300 billion in foreign exchange reserves to fill the hole in its finances!"
"Hmph, no matter what, this kind of subsidy cannot last long. We are determined to lower prices, and no one can do anything about it."
But as soon as he finished speaking, another piece of bad news came - the Eagle Country and the Gallic Chicken People also rebelled!
Shell and Eagle National Petroleum subsequently announced production cuts, which Bobby never expected.
He was so angry that his whole body was shaking. This was a naked act of betrayal!
"President, should we adjust the price now? I'm afraid shareholders will have big objections."
Bobby was panting like an angry old bull.
"There can be no pullback. We must continue to persevere. Don't worry, our profits will only increase. However, they are destined to be unable to unite for long as they reduce production and face a rise in oil prices."
Bobby's mind was very clear. He knew that this was Husky's conspiracy. If their conspiracy succeeded, how could he control oil prices in the future?
Moreover, his actions have made a lot of money for the company, and he has also seized the market of many OPEC countries.
The people on the board of directors are not fools, and they will not remove him from his post based on this alone.
But he still thinks too much about capital.
Both OPEC and non-OPEC members have made significant moves to gain market share on several occasions.
War broke out more than once.
On the one hand, the purpose of the war is to plunder oil, and on the other hand, it is to increase the price of oil.
But what was Bobby doing? He was selling oil at a low price when oil prices were rising.
In the eyes of Mobil's shareholders, this approach is similar to that of a female Bodhisattva who does things that harm others but not benefit herself.
Although Bobby continued to forcefully explain that it was to maintain the brand's status, the capitalists did not buy it.
"Bobby, Mobil's market share is already high enough. Do you know how high a barrel of Saudi oil is now being sold?"
"50 U.S. dollars! A barrel of 50 U.S. dollars. At this price, the supply exceeds demand. The profits earned by OPEC members are actually higher."
The shareholders' hearts bleed just thinking about it.
My heart bleeds when I think that they only sell a barrel for 26 US dollars while others sell it for 50 US dollars.
"What do you mean, sir?"
"They can cut production, and so can Mobil. At the same time, we can get a share of the high-priced oil market, and Mobil can't seem too out of touch."
The shareholders have made good calculations. With the reduction in production, wouldn't it be good for everyone to make money together?
As for Big Brother’s face, how much is that thing worth?
They are not company managers and take face so seriously.
"Okay, I'll announce the new policy right away."
"Wait a minute, Bobby has one more thing to tell you."
Seeing the major shareholders staring at him, Bobby suddenly had a bad feeling.
"If you have anything to explain, just say it."
"After announcing the production reduction and price increase, we hope you can take the initiative to step down!"
As soon as he finished speaking, Bobby's neck turned red. He couldn't accept the order and roared:
"You are trying to kill the donkey. Mobil has become what it is today because of my hands. Just because of such a small thing, you want to replace me?"
"Mr. Bobby, we hope you can recognize the reality.
Facts have proven that your plan for Husky has failed. Your wrong low-price strategy has caused us to suffer huge losses.
Someone must stand up and pay for the wrong business strategy, and that person can only be you! "