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How We Work: Our Integrity GuideOur Integrity Guide is a user-friendly resource providing clear explanations for acceptable business behavior at Nexen.
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2011 Annual ReportNexen’s 2011 Annual Report, provides a report card for 2011 and a roadmap for 2012.
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William B. BerryDirector since December 8, 2008. Mr. Berry is the Chair of the Reserves committee.
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Sustainability ReportAs a responsible energy developer, we’re committed to disclosing our health, safety, environmental, social and economic performance.
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            Nexen's Way

            • Purpose
            • Strategy
            • Values
            • Goals
            Purpose

            We create value by responsibly supplying the energy that fuels people’s lives.

            The world needs clean, secure and affordable energy. We meet this need by harnessing our exceptional talent, world-class assets and progressive technology to find and develop oil and gas resources around the world. It’s Nexen’s way of building a profitable and responsible business.

             Nexen discovers and develops energy resources in some of the world’s most significant basins – including the UK North Sea, offshore West Africa, the Gulf of Mexico and Western Canada. Using innovation, we generate value from our three core businesses: conventional oil & gas, oil sands and shale gas.

            Whether it’s using hydraulic fracturing technology to unlock an unconventional gas asset, implementing gasification technology in our oil sands operations, or drilling wells 34,000 feet deep in the Gulf of Mexico, we employ state-of-the-art techniques to maximize production while minimizing environmental impacts.

            In all our operations, Nexen’s talented employees are the key to making us a successful, responsible energy developer. We recognize, value and reward the contributions of high-performing individuals in achieving our objectives.

            Related Links


            Nexen's Way on YouTube


            Nexen's Way Poster
            Download (PDF 0.1MB)

            2012 Corporate Profile
            (PDF 4.9MB)

            Strategy

            Leadership on responsible development: We earn and maintain our social licence to operate by working safely, responsibly and collaboratively with our stakeholders.

            Diversity: We maintain a diverse portfolio of assets, locations and commodity types to provide flexibility through changing economic conditions and world events.

            Early mover: We recognize opportunities early and acquire significant resource positions at a low cost.

            Partner on legacy assets: We develop strategic partnerships to invest in large scale assets that deliver attractive returns.

            Talent & technology: We leverage the expertise and innovation of our people to unlock technically complex energy resources.

            Strong balance sheet: We maintain a flexible balance sheet so we can finance large capital projects through the economic cycle.

             

            Related Links

            Nexen on YouTube: A Day in the Life Offshore - UK North Sea

            Values

            Values that Set the Standard for Excellence

            By living these values, and following these rules of the game, we can take Nexen to the next level of performance.

            Protecting people and the environment: We each play a role in protecting the safety and well-being of ourselves, our co-workers and the communities and environment in which we work.

            Commitment to excellence: We drive for, and reward, high performance. We are passionate about delivering results and innovative in overcoming obstacles.

            Accountability: We each know our responsibilities and are accountable for our decisions, behavior and actions. We measure our results to validate our individual and shared ownership of Nexen’s successes and shortcomings.

            Integrity: We conduct business in an ethical manner and build relationships based on collaboration, honesty and respect.

            Courage: We’re not afraid to break from the pack. We have the confidence to speak up and make difficult decisions. We take informed risks based on facts to create value responsibly.

            Rules of the Game

            At Nexen, it’s not just what we do that matters – it’s how we get the job done. In high-performing companies, employees and managers know “the rules of the game” in terms of the expectations we have of ourselves, each other and how we work together. Working with a common set of values and rules promotes a culture of excellence, superior execution and accountability.

            Safety leadership: We commit to creating a safe work environment by following our Life Saving Rules.

            One company: We put Nexen’s interests before the priorities of a single division, team or individual.

            Challenge then commit: We challenge ourselves and each other through healthy, respectful debate. Then we commit to decisions as a team.

            Transparency: We build trust through open, honest and timely communication.

            Sound process: We implement efficient and effective processes that fit the importance and complexity of the job at hand.

             

            Related Links

            Learn more about our Integrity guide.

            Goals

            Long-term Performance

            Goals, like deadlines, focus the mind and inspire creative solutions to the challenges of responsible resource development. By challenging ourselves and each other to excel, we unleash our collective talent and expertise. In the process, we often discover we can achieve much more than we had ever thought possible.

            We will achieve superior long-term performance in:

            • safety & environmental stewardship
            • return on investment
            • reserves growth
            • production growth
            • people & organizational capabilities

             

            Related Links

            November 29, 2011 - Nexen Provides 2012 Production, Cash Flow & Capital Investment Guidance

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