Nexen Inc. Company Overview

Nexen Inc. (formerly Occidental petroleum Corp.) has its principal(prenominal) offices in Calgary AB, and ranks 31st on Canadas list of largest companies; and sixth among independent cover and gasified state producers (DeCarlo and Bigman). Nexen Inc. is a multinational troupe which operates around the field in the North Sea, disconnect of Mexico, West Africa, Canada, Yemen, Colombia, and Poland; and employs 3800 tidy sum universal (Nexen inc.). 1) unfavourable contests in the faces environment Nexen provide be affected by revamped safety regulations and pressure from conservationist groups pursuance the Deepwater Horizon oil spill in the disconnect of Mexico (Tracy). Nexen has authoritative holdings in Gulf, and legal pressure from environmentalist groups calls for more(prenominal) fundamental investigation of submitted proposals, which leave undoubtedly delay plans and belike profit production cost as the protocols become more smashed (Zacks Investment Research). Nexen, with a merchandise cowl of 11.6 meg USD, has the challenge of existing in a market dominate by large firms such(prenominal) as Suncor and Exxon, who hold market caps of 62.4 and 397.4 one million million USD respectively (Yahoo! News Network).

2)Organizational Culture Nexens actions reflect a company that fosters debut, as they meet pursue unconventional gas exploration in British detonator of South Carolina and Poland (Jones; Nexen Inc.). Nexen is alike on the leading edge of ancestry and purgation technology in their conventional oil projects, using advanced technology that reduces environmental impact and increases profit margins (Sulphur Experts Inc.) (Canadian standoff of Petroleum Producers). Internally, Nexen provides recognition awards for innovation and performance beyond sanctioned business concern responsibilies (Yerema and Leung). Nexen appears to also be very people oriented, as they have been voted a top employer for 2011 by The rush Directory, Albertas crimp 50 Employers, Best Employers for New Canadians, The fiscal Posts 10 Best Companies to Work For,...If you loss to get a entire essay, order it on our website: Ordercustompaper.com

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