Why Invest in Nexen

In our industry, access to resource is key and yet, becoming increasingly difficult. By moving early in the oil sands and unconventional gas, we have captured significant resource at low cost.

Our portfolio supports a great future. In addition to proved and probable reserves, we have a lot more potential resource in the oil sands and shale gas. Our exciting discoveries and exploration prospects add to this. According to a third-party research firm, we have enough captured resource to keep us busy for more than 70 years.

We expect new production to come from operations in Usan, shale gas, North Sea tiebacks and the ramp up of Long Lake. Beyond that, new volumes will come from Knotty Head, Appomattox, Golden Eagle, Owowo and Kinosis.

Our financial position is strong. We are generating industry-leading cash netbacks and maintain a healthy balance sheet. Plus we have significant cash on hand and committed lines of credit to draw on if we choose. With this solid financial capacity, we can take advantage of opportunities that make strategic sense.

Our employees once again chose Nexen as one of the Top 50 Companies to work for in Canada. As an employer of choice in Canada and the UK, we are able to retain and attract top-talent. Our people around the world continue to enhance our reputation, build on our advantages and open doors to create future value. For example, the success we are having in the Golden Eagle area is coming from hard-to-find, stratigraphic traps. These discoveries come from the same exploration team that found Buzzard, one of the largest stratigraphic traps in the UK. With great assets and great people, we have the right mix for a great future. Learn more about careers at Nexen.

At Nexen, how we work is as important as the results we achieve. By integrating business results with deep consideration for safety, the environment, social responsibility and transparent governance, we deliver superior results over the long term. This integrated approach opens doors to new opportunities, ensures safe and reliable operations, helps us attract and retain top-quality people, builds lasting relationships with Aboriginal and local communities, and enhances our reputation worldwide.

As a responsible oil and gas developer, we understand the risks and opportunities and incorporate them into our plans. We work diligently to earn the trust and support of stakeholders. We minimize our environmental footprint, engage the communities where we operate, and provide a safe and attractive work environment characterized by respect, trust and cooperation. The end result is tangible and sustainable value for Nexen and our stakeholders.