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 oil and aerosolised state producers (DeCarlo and Bigman). Nexen Inc. is a multinational company which operates around the earthly concern in the North Sea, disconnect of Mexico, West Africa, Canada, Yemen, Colombia, and Poland; and employs 3800 people general (Nexen inc.). 1) unfavourable contests in the organizations environment Nexen result 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 to a greater extent fundamental investigation of submitted proposals, which will undoubtedly delay plans and probable hit production costs as the protocols become more(prenominal) smashed (Zacks Investment Research). Nexen, with a trade cowl of 11.6 cardinal USD, has the challenge of existing in a market dominated by large firms such as Suncor and Exxon, who hold market caps of 62.4 and 397.4 billion USD respectively (Yahoo! stark nakeds Network).

2)Organizational assimilation Nexens actions reflect a company that fosters innovation, as they fit pursued unconventional gas exploration in British capital of South Carolina and Poland (Jones; Nexen Inc.). Nexen is also on the leading coast of extraction and purgation technology in their conventional oil projects, using advanced technology that reduce s environmental impact and increases 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 actually 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 recreate For,...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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