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Income Statement

Quarterly
Annual

	Excel (XLS 0.1MB)
	IFRS				Canadian GAAP
For the Three Months Ended Cdn$ millions, except per share amounts		Sep 30 2011	Jun 30 2011	Mar 31 2011	Dec 31 2010	Sep 30 2010
Revenues and Other Income
Net Sales		1,399	1,507	1,598	1,500	1,298
Marketing and Other		125	95	46	55	125
		1,524	1,602	1,644	1,555	1,423
Expenses
Operating		356	341	363	364	340
Depreciation, Depletion, Amortization and Impairment		409	335	370	464	464
Transportation and Other		110	112	67	103	130
General and Administrative		23	76	105	148	124
Exploration		59	93	126	129	56
Finance Costs		59	60	74	-	-
Loss on Redemption and Repurchase		-	1	90	-	-
Interest		-	-	-	79	77
Net Loss / (Gain) from Dispositions		-	-	-	(138)	259
		1,016	1,018	1,195	1,149	1,450
Income (Loss) From Continuing Operations before Provision for Income Taxes		508	584	449	406	(27)
Provision for (Recovery of) Income Taxes
Current		351	384	424	339	268
Future		(43)	(52)	125	(151)	(236)
		308	332	549	188	32
Net Income (Loss) from Continuing Operations before Non-Controlling Interests		200	252	(100)	218	(59)
Less: Net Income (Loss) Attributable to Non-Controlling Interests		-	-	-	-	-
Net Income from Continuing Operations Attributable to Nexen Inc.		200	252	(100)	218	(59)
Net Income (Loss) from Discontinued Operations		-	-	302	2	596
Net Income Attributable to Nexen Inc.		200	252	202	220	537

Earnings (Loss) Per Common Share from Continuing Operations ($/share)
Basic		0.38	0.48	(0.19)	0.41	(0.11)
Diluted		0.32	0.45	(0.19)	0.41	(0.11)
Earnings (Loss) Per Common Share ($/share)
Basic		0.38	0.48	0.38	0.42	1.02
Diluted		0.32	0.45	0.38	0.42	1.02

	Excel (XLS 0.1MB)
	Canadian GAAP
For the Years Ended December 31 Cdn$ millions, except per share amounts		2010	2009
Revenues and Other Income
Net Sales		5,411	4,203
Marketing and Other		415	859
		5,826	5,062
Expenses
Operating		1,354	916
Depreciation, Depletion, Amortization and Impairment		1,662	1,615
Transportation and Other		566	732
General and Administrative		439	434
Exploration		328	302
Interest		310	305
Net Loss / (Gain) from Dispositions		41	-
		4,700	4,304
Income (Loss) From Continuing Operations before Provision for Income Taxes		1,126	758

Provision for (Recovery of) Income Taxes
Current		1,127	773
Future		(573)	(527)
		554	246
Net Income (Loss) from Continuing Operations before Non-Controlling Interests		572	512
Less: Net Income (Loss) Attributable to Non-Controlling Interests

Net Income from Continuing Operations Attributable to Nexen Inc.		572	512
Net Income (Loss) from Discontinued Operations		625	24

Net Income Attributable to Nexen Inc.		1,197	536

Earnings (Loss) Per Common Share from Continuing Operations($/share)
Basic		1.09	0.98
Diluted		1.08	0.96
Earnings (Loss) Per Common Share ($/share)
Basic		2.28	1.03
Diluted		2.27	1.01