Pacific Energy Company, formerly Sempra Energy Company, is one of the power overlords in the southern West Coast region.

About one-third of California's electricity and about a quarter of its natural gas are provided by this company.

After being acquired by Abel, its tentacles also reached Texas for the first time.

Well, in Texas, Pacific Energy is currently limited to Tarrant County and two or three small places nearby.

The current manager of Pacific Energy is Delevingne York, the former general manager of Sempra Energy.

Of course, Draven won't be allowed to have all the power.

During this more than one month integration process, at Abel's request.

Abel's advisory group included many people.

Some of the top executives of Alais Energy have also become top executives of Pacific Energy.

The power of Delevingne as general manager is not as powerful as that of the original CEO and chairman of the board, Chixiu Martin.

Fortunately, Delevingne himself is also a senior energy industry manager.

His abilities are outstanding enough and he is also important to the management of the company. Therefore, he is only deprived of some of his power.

At present, this professional manager can still stay in this position for a while.

The next day, early morning.

San Diego, Pacific Energy's headquarters building.

The company's senior executives, led by General Manager Delevingne, personally went to the company gate to greet the big boss.

As a large energy group, Pacific Energy of course has its own headquarters.

This 43-story CBD building located in the center of San Diego is a symbol of Pacific Energy Company's strength.

Pacific Energy, valued at $17 billion.

It is also the company with the highest value among the listed companies currently acquired by Abel.

Standing in front of the huge floor-to-ceiling windows of the conference room on the 43rd floor.

Abel looked down at the busy people on the street below, who were busy with their lives.

A few minutes later, he turned around and looked at the senior executives who were qualified to sit in the conference room.

"I have seen the company's financial statements from last year to May this year. They are very good and healthy."

Abel said:

"When the total revenue is only about 5.5 billion US dollars, the profit can reach 620 million US dollars, which is already very good."

A positive opening statement from the boss.

Everyone who was originally feeling a little nervous felt a little relieved.

In front of Abel, there was a document placed at this moment.

Above is the revenue of Pacific Energy Corporation, its three most important subsidiaries.

The first is Southern California Gas Company, with revenue of $2.494 billion.

The second company is San Diego Gas and Electric Company, with revenue of 1.844 billion.

The third company is Sempra LNG, with revenue of US$1.161 billion. (The subsidiary has not changed its name)

These three major subsidiaries contribute 95% of Pacific Energy's revenue and profits.

In addition to these three subsidiaries, Pacific Energy has many other assets.

For example, there are several oil fields and natural gas fields with average output, as well as a large number of oil exploration rights.

Another example is Alais Energy, which has just been merged. Before that, it only had investments and its revenue was very poor.

Not counting Alys Energy.

Just the combination of the previous things allows Sampra Energy, the predecessor of Pacific Energy, to support a market value of more than 16 billion US dollars on the stock market.

The company is now delisted.

Its own net assets are at least tens of billions of dollars.

No matter how you look at it, this is a quality energy company.

If Abel hadn't slandered his reputation and used any means to attract the leeks.

It is estimated that it may be difficult to acquire it without paying a 50% premium.

Looking at such a high-quality company, it is also one of the troika that I value most.

For the first time, Abel felt a little complacent.

After his opening remarks, he continued:

"I already have ideas about the company's next development direction."

The smug Abel had already appointed his own advisory team.

Under the various requirements he put forward, the next development route for Pacific Energy was formulated.

"First, Pacific Energy must begin to change its business philosophy and strengthen its diversified operations in energy."

Abel said:

"First of all, I noticed that the company has 27 subsidiaries. But almost all of the main revenue comes from the three main subsidiaries. This means that as long as the revenue of these three companies is poor, the company's full-year performance will be affected.

This is an abnormal situation and must be changed."

"Second, we need to reduce production costs and improve investment efficiency."

"Third, optimize the industrial structure and adjust the industrial layout."

"Fourth, deepen the reform of the company's mechanism and enhance the company's vitality."

"Fifth, improve the innovation environment and increase innovation efforts."

"Sixth, expand foreign cooperation and improve international business operations."

"Seventh, strengthen corporate culture construction and enhance brand value."

"."

Abel almost read the document given to him by the advisory group exactly as it was written.

This is a rare thing for him.

He rarely cares about his company to this extent.

Even Smith Capital has never received such attention from him.

In other words, Tesla, Pacific, and the rudimentary Pacific Mall, only these three companies have such treatment.

He paid so much attention to it that he even read the speech he disliked the most carefully.

His attitude also made Pacific Energy's senior executives present at the meeting realize how much the big boss attached importance to the company.

It is precisely because of this kind of attention that Abel stayed in San Diego for almost a whole day today.

It wasn't until about four o'clock in the afternoon.

He left with unfinished business and took a flight back to Los Angeles at San Diego International Airport.

San Diego and Los Angeles are relatively close.

The straight-line distance is only over 190 kilometers.

Not long after the plane takes off, preparations for landing begin.

Not counting the time for takeoff and landing, the flight process from speeding up to decelerating probably only took about ten minutes.

For such a small distance, if California had a high-speed rail, it would only take about half an hour at most.

It's a pity that there is no high-speed rail in California.

California will build a high-speed rail in the future. It cost tens of billions of dollars. It took 13 years to build only more than 50 kilometers of what is known as the most expensive high-speed rail in history, making California's high-speed rail plan ultimately come to an end.

For such a small distance, it only takes about two or three hours to drive.

It's just that last time Abel got a convoy from Tarrant County and drove to Houston in Harris County.

He was injured that time in the car.

After that, he refused to take a car for long-distance travel, as long as the journey was more than an hour.

If you can fly, take a plane; if you can't, take a helicopter.

Traveling by car became his last choice.

In the evening, the sun sets.

Abel is back in Beverly Hills.

He didn't go to 9425 Sunset Boulevard to find Li Fuzhen.

He went to New Beginning Real Estate, another luxury property in Beverly Hills.
To be continued...