Nexen Inc. Company Overview

Nexen Inc. (formerly Occidental petroleum Corp.) has its main(prenominal) offices in Calgary AB, and ranks 31st on Canadas list of largest companies; and sixth among independent oil colour and volatilized state producers (DeCarlo and Bigman). Nexen Inc. is a international fellowship which operates around the globe in the North Sea, disconnectedness of Mexico, West Africa, Canada, Yemen, Colombia, and Poland; and employs 3800 muckle intercontinental (Nexen inc.). 1) unfavourable contests in the organic laws environment Nexen go forth 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 heavy pressure from environmentalist groups calls for more(prenominal)(prenominal) fundamental investigation of submitted proposals, which give undoubtedly delay plans and possible profit production cost as the protocols become more smashed (Zacks Investment Research). Nexen, with a food market cowl of 11.6 one million million USD, has the challenge of existing in a market dominated by large firms much(prenominal) as Suncor and Exxon, who hold market caps of 62.4 and 397.4 zillion USD respectively (Yahoo! News Network).

2)Organizational Culture Nexens actions reflect a company that fosters macrocosm, as they meet prosecute unconventional gas geographic expedition in British chief city of South Carolina and Poland (Jones; Nexen Inc.). Nexen is also on the leading edge of parentage and purgation technology in their conventional oil projects, employ advanced technology that reduces environmental impact and increases profit margins (Sulphur Experts Inc.) (Canadian tie of Petroleum Producers). Internally, Nexen provides recognition awards for innovation and performance beyond staple fibre 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 life story Directory, Albertas crimp 50 Employers, Best Employers for New Canadians, The financial Posts ten-spot Best Companies to Work For,...If you indispensableness to get a plenteous essay, order it on our website: Orderessay

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