In the United States, there are many oil tycoons, but there are only a handful of self-made people like Bonnie, so Bonnie's entrepreneurial history is widely praised by Americans who advocate personal struggle.
Bonnie 65438-0928 was born in Hortonville, Oklahoma, USA. From the age of 12, like most American teenagers, he began to earn pocket money by doing odd jobs. He delivers newspapers and works part-time for them.
From 65438 to 0949, Bonnie transferred to the University of Oklahoma, majoring in geology, and graduated with honors in 195 1. Instead of becoming a geologist, he joined Finas Oil Company and became a clerk.
1954, Bonnie submitted her resignation to the company. The company tried its best to keep him, but his mind was made up. Bonnie first found Edward, an independent oilman, and confided her thoughts to him. Edward likes this clever young man very much and intends to help him.
Bonnie used her bank account to buy a Ford van by installment. During the day, the carriage serves as his private office and becomes a dormitory at night. Every morning, he drives out to work and contacts business everywhere. When you are hungry, buy a hamburger and eat it with soda. Sleepy, bend over to hit the steering wheel and take a nap. This kind of fatigue is far more than a few times when he worked in Finas Company.
Without help, Bonnie had to do several jobs, even things like document exchange and typing. His company has fast turnover, low cost, low fees and fast and reliable work, so it has won the respect of its peers and its turnover is increasing day by day. Many big companies have entrusted Bonnie with the contract transfer. The business he introduced earned an average of $65,438+0,000 per transaction, and the business development greatly exceeded the predetermined target. He planned to drill only three oil wells, but in fact he drilled seven at a time. At that time, the American oil industry was at a low ebb. Due to the influence of cheap oil sales in the Middle East, a barrel of oil is only worth $3, but Bonnie still achieved gratifying results, earning more than $65,438+0,000, which is several times more than his annual salary in Finas Company.
With the increase of business and workload, Bonnie decided to expand the scale of her own one-man company.
1956 In September, Bonnie, John auburn and McCarter set up a new company-Oil Development Agency. Bonnie invested 50% of the capital of the oil development institutions, and McCarter and John Auburn each accounted for 25% of the investment. In addition, they also lent the company $654.38 million, and Bonnie will return it with interest within five years, otherwise the company will be taken over by these two shareholders.
Bonnie became the general manager after the company opened. He hired two excellent assistants: one was Miss Shriver, the first company secretary, who was later promoted to manager; The other is Lawton, who later became the manager of the Calgary branch in Canada. Both of them are very familiar with the oil industry and have extremely rich experience.
With an assistant, he began to publicize vigorously, open up new ways of wealth, and attract tycoons from all walks of life to invest in drilling and oil production with various preferential conditions.
1in March, 1958, the company put forward the plan to develop 16 oil well, and then 5 1 investors participated, raising funds as high as 500,000 dollars. One year later, 16 wells, except 7 dry wells, other 8 wells began to produce liquefied petroleum gas, and 1 well was available for oil production. This year's GDP reached $2.25 million, more than four times that of investment funds. Both the company and the investors made money. They struck while the iron was hot, and at the end of the same year, they started the Mashalis project, with Dr. Mashalis as the center, developing 13 oil wells and raising funds of 475,000 US dollars. As a result, this time it was also a great success. There were only 4 dry wells in 13 oil wells, with an annual output value of $3 million. Bonnie's career has jumped to a new level. However, everything will not be completely smooth, and Bonnie's career is no exception.
The great success of the first two times greatly increased Bonnie's ambition, and he was eager to do something big. 1959, a new mining plan was launched in a hurry. Due to misjudgment, all the wells drilled by the company in Texas for four months were dry wells, resulting in a total loss of $500,000. This heavy blow caused the company's business to fall into a trough, and he had to lay off a large number of employees, leaving at least three people.
However, Bonnie was not discouraged. He continued to travel between the United States and Canada, actively looking for opportunities and looking for ideal oil production points in order to make a comeback. However, Bonnie's efforts failed again and again. For three years, there is no sign of improvement. Just when Bonnie was almost desperate, an opportunity came. 1962, Bonnie found a satisfactory oil field in a small county in Texas, which can drill 98 oil wells and ensure 60 barrels of oil per day. But at this time, the company's financial situation has been difficult to maintain normal operation, Bonnie had to award investors at the price of 40 thousand dollars per well. Nevertheless, he made $750,000 and paid off his debts. The number of employees has increased again.
A wave of unrest, another wave. Mccarte, the major shareholder, knows that the company has come back to life and made money, so he wants to monopolize the management right of the company. He pretended that he had cancer and was dying, and asked to withdraw his shares and pay off his debts, otherwise he would take over completely. Bonnie saw through McCarter's trick in time, bargained with him, and finally decided to pay the high price of $350,000 he demanded in installments, each of which was $50,000, on condition that McCarter quit the company. Macatee had to agree.
Bonnie renamed the original "Oil Development Organization" as "Mesa Oil Company" and prepared to March into Wall Street. 1In February, 964, he took bolder action to raise funds by listing and issuing stocks. In the first year, his turnover reached $65,438+$500,000 and his net profit was $430,000. Then, he launched an acquisition activity and acquired gilson Oil Company.
1967, the share price of Mesa Oil Company was $35, while three years ago, the share price was only $6. The achievements of Mesa Oil Company have also attracted the attention of Wall Street. It is widely believed that this oil stock has appreciation potential and has been bought in succession.
1969, Bonnie started another acquisition: the acquisition of Gao Dun Oil Company in Texas. Mesa Oil Company issues new shares worth about US$ 8 per share in exchange for Hull Gao Dun shares, and presents the subscription certificate to those who are willing to exchange, and can subscribe for Mesa shares in the next five years. This move is really wonderful. The acquisition task was successfully completed during the year!
Bonnie won one victory after another in the changeable situation on Wall Street. 197 1 year, and his private property is about100000 USD.
Since 1973, the Arab world has imposed an oil embargo on western countries, and oil prices have gradually increased. Oil price per barrel rose from $3 to 13, 1979 to $35, 198 1 to 180. The profit of Mesa Oil Company has also skyrocketed, becoming the largest independent oil company in the United States with total assets of $2 billion.
1982 65438+ In February, the biggest acquisition in Bonnie's life began. This time, the target was Gulf Oil Company, which ranked sixth in the United States at that time. The acquisition took half a year and the transaction price was $6,543.8+$03.2 billion.
Then, with the support of Wall Street, Bonnie bought Finas Oil Company and worked there as a clerk.
In the United States, there are many oil tycoons, but there are only a handful of self-made people like Bonnie, so Bonnie's entrepreneurial history is widely praised by Americans who advocate personal struggle.