Company Information

Learn More About XBRL  

Address: 801-7TH AVENUE SW  
City: CALGARY ALBERTA CANA 
State:  
Zip Code: T2P 3P7 
Telephone: 403-699-4000 


Description of Business


Primary SIC Code: 1311
(As filed with the SEC)  

Nexen Inc. (Nexen, we or our) is an independent, Canadian-based, global energy company. We were formed in Canada in 1971 as Canadian Occidental Petroleum Ltd. when Occidental Petroleum Corporation combined their Canadian crude oil, natural gas, sulphur and chemical operations into one company. In the 1970s, we broadened our western Canadian asset base and entered the US Gulf of Mexico. In the 1980s, we grew our western Canadian and Gulf of Mexico assets through acquisitions and captured an interest in Syncrude. In the 1990s, we had two defining events-first, we discovered the first of 17 fields at Masila in Yemen in 1990 and commenced production in 1993. Second, we tripled our Canadian production in 1997 by purchasing Wascana Energy Inc.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
09/20111.100.04814.08
06/20111.280.05217.58
03/20110.710.05235.10
12/20101.080.05021.20
09/20101.100.04918.27
06/20101.380.04714.25
03/20101.080.05022.88
12/20090.960.04824.93

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2010 Leverage 2010
Net Inc/Comm Equity1.08Total Liab/Total Assets0.60
Net Inc/Total Assets0.05Total Liab/Inv Cap0.71
Net Inc/Inv Cap0.06Total Liab/Comm Equity11.88
Pretax Inc/Net Sales0.19Interest Coverage Ratio4.63
Net Inc/Net Sales0.21Curr Debt/EquityNA
Cash Flow/Net Sales0.40LTD/Equity0.58
SG&A/NetSales0.08Total Debt/Equity0.58
Asset Utilization   Liquidity  
Net Receivables Turnover2.54Quick Ratio1.21
Inventory Turnover3.21Current Ratio1.38
Inventory Day Sales0.01Net Rec/Curr Assets0.44
Net Sales/Work Cap4.74Inv/Curr Assets0.12
Net Sales/PP&E0.38  

Income Statement (Millions)

  12/31/2010 9/30/2010 6/30/2010 3/31/2010
Total Revenues(Net Sales) 1,243.00 1,659.00 1,279.00 1,682.00
Cost of Goods Sold 213.00 630.00 471.00 618.00
Selling & Admin Exps 126.00 143.00 49.00 124.00
Operating Income 334.00 300.00 387.00 465.00
Interest Exp 74.00 90.00 69.00 79.00
Pretax Income 398.00 31.00 318.00 386.00
Other Income 138.00 -179.00 NA NA
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 228.00 563.00 203.00 211.00

Balance Sheet (Millions)

Assets 12/31/2010 9/30/2010 6/30/2010 3/31/2010
Cash & Short Term Investments 1,052.00 1,245.00 1,019.00 2,144.00
Receivables - Total 1,950.00 2,305.00 2,517.00 2,597.00
Inventories - Total 553.00 544.00 584.00 547.00
Total Current Assets 4,450.00 4,236.00 4,221.00 5,389.00
Net Property, Plant & Equipment 15,346.00 15,835.00 15,111.00 15,112.00
Total Assets 22,047.00 22,231.00 21,188.00 22,370.00
Liabilities        
Accounts Payable 2,671.00 3,047.00 3,026.00 3,241.00
Debt in Current Liabilities NA NA 149.00 NA
Total Current Liabilities 3,214.00 3,047.00 3,175.00 3,241.00
Long-Term Debt 5,111.00 5,678.00 5,913.00 6,953.00
Total Liabilities 13,284.00 13,709.00 13,651.00 14,919.00
Stockholder's Equity        
Minority Interest 85.00 84.00 67.00 70.00
Preferred Stock NA NA NA NA
Common Stock 1,118.00 1,097.00 1,024.00 1,061.00
Retained Earnings 7,865.00 7,621.00 6,691.00 6,666.00
Treasury Stock NA NA NA NA
Total Stockholders' Equity 8,763.00 8,522.00 7,537.00 7,451.00
Total Liabilities and Stockholders' Equity 22,047.00 22,231.00 21,188.00 22,370.00

Cash Flow Summary (Millions)

Categories 12/31/2010 9/30/2010 6/30/2010 3/31/2010
Net Cash Provided by Operating Activities 388.00 745.00 444.00 787.00
Net Cash Provided by Investing Activities -514.00 143.00 -625.00 -435.00
Net Cash Provided by Financing Activities -38.00 -640.00 -855.00 17.00

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20064,621.73515.720.96
12/20076,647.511,031.632.03
12/20086,726.431,394.382.60
12/20094,829.00511.000.96
12/20105,863.001,205.001.08
Growth Rates6.1323.642.99

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional12/31/11264401,93776.14




Report Date : 2/6/2012

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