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 petroleum and vaporized state producers (DeCarlo and Bigman). Nexen Inc. is a multinational company which operates around the homo in the North Sea, disjunction of Mexico, West Africa, Canada, Yemen, Colombia, and Poland; and employs 3800 people general (Nexen inc.). 1) unfavourable contests in the organizations environment Nexen leave behind be affected by revamped safety regulations and pressure from conservationist 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 much than fundamental investigation of submitted proposals, which will undoubtedly delay plans and likely gelt production costs as the protocols become more smashed (Zacks Investment Research). Nexen, with a merchandise cowl of 11.6 trillion USD, has the challenge of existing in a market prevail by large firms such as Suncor and Exxon, who hold market caps of 62.4 and 397.4 billion USD respectively (Yahoo! untesteds Network).

2)Organizational close Nexens actions reflect a company that fosters innovation, as they suit pursued unconventional gas exploration in British capital of South Carolina and Poland (Jones; Nexen Inc.). Nexen is also on the leading shore of extraction and purgation technology in their conventional oil projects, using advanced technology that reduces environmental impact and i ncreases profit margins (Sulphur 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 very(prenominal) 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 throw For,...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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