Nexen Inc. Company Overview

Nexen Inc. (formerly Occidental petroleum Corp.) has its main offices in Calgary AB, and ranks 31st on Canadas list of largest companies; and 6th among independent anoint and vapourish state producers (DeCarlo and Bigman). Nexen Inc. is a multinational company which operates around the origination in the North Sea, gulf of Mexico, West Africa, Canada, Yemen, Colombia, and Poland; and employs 3800 people intercontinental (Nexen inc.). 1) unfavourable contests in the organizations environment Nexen impart be affected by revamped safety regulations and pressure from environmentalist groups pursuance the Deepwater Horizon oil spill in the Gulf of Mexico (Tracy). Nexen has authoritative holdings in Gulf, and legal pressure from environmentalist groups calls for to a greater extent fundamental investigation of submitted proposals, which will undoubtedly delay plans and possible winnings production costs as the protocols become more smashed (Zacks Investment Resea rch). Nexen, with a grocery cowl of 11.6 gazillion USD, has the challenge of existing in a market reign by large firms such as Suncor and Exxon, who hold market caps of 62.4 and 397.4 billion USD respectively (Yahoo! recents Network).

2)Organizational farming Nexens actions reflect a company that fosters innovation, as they relate pursued unconventional gas exploration in British capital of South Carolina and Poland (Jones; Nexen Inc.). Nexen is also on the leading exhibit of extraction and purgation technology in their conventional oil projects, using advanced technology that reduces environmen tal impact and increases profit margins (Sul! phur Experts Inc.) (Canadian Association of Petroleum Producers). Internally, Nexen provides recognition awards for innovation and performance beyond basic business concern responsibilies (Yerema and Leung). Nexen appears to also be rattling people oriented, as they have been voted a top employer for 2011 by The Career Directory, Albertas crimp 50 Employers, Best Employers for New Canadians, The Financial Posts Ten Best Companies to live For,...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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