Nexen Inc is an independant, Canadian -base global energy company, listed on the Toronto Stock Exchanges under the symbol NXY. They are focused on three growth strategies: oil sands and shale gas in Western Canada and conventions exploration and development primarily in the North Sea, offshore West Africa and deep-water Gulf of Mexico. Shareholder value is addesd through successful full-cycle oil and gas exploration and development, and leadership ethics, integrity, governance and environmental stewardship.
http://www.nexeninc.com/
Nexen originated in 2001, as a combination ofWesCana Energy and Canadian Occidental, two long established petroleum companies. It's head quarters are located in Calgary Alberta. http://en.wikipedia.org/wiki/Nexen
It's president and CEO is Marvin Romanow.
Short Run Fixed Costs:
Equipment, labour, plant
Long Run Costs:
future exploration development.
future exploration development.
Their target market - They don't have a target market as everyone needs oil. Oil is used in practically everything and billions of people across the globe depend on it daily.
2010 Company Profits:
Net Income Attributable to Nexen Inc. in 2010 was approximately 1.2 billion.
(2010 annual report).
Canadians’ present petroleum-based prosperity is due to events that occurred on two very different time scales. During a half billionyears of Earth’s history, nature formed hydrocarbons in
the types of sedimentary rocks that are under parts of everyprovince and territory.Over the past century and a half,Canadians became skilled in extracting, processing andtransporting this buried wealth.Canadian companies andindividuals have played a role in developing petroleum resources at home and around the world. http://www.centreforenergy.com/shopping/uploads/122.pdf
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Nexen Strengths: Nexen continues to grow and expand and provode shareholder value and a competitive benefits program for it's employees.
Nexen Weakness: Nexen faces daily opposition from environmentally senstive citizens looking for eco friendly alternatives to oil production. Currently Nexen carries an active Health Safety and Environment department to ensure sustainability. One possible weakness is that they have not to this date explored alternative sources of energy apart from drilling and oilsands themselves.
Nexen Inc. continues to be a well rounded company.
Nexen Strengths: Nexen continues to grow and expand and provode shareholder value and a competitive benefits program for it's employees.
Nexen Weakness: Nexen faces daily opposition from environmentally senstive citizens looking for eco friendly alternatives to oil production. Currently Nexen carries an active Health Safety and Environment department to ensure sustainability. One possible weakness is that they have not to this date explored alternative sources of energy apart from drilling and oilsands themselves.
Nexen Inc. continues to be a well rounded company.
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