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 crude and vapourised state producers (DeCarlo and Bigman). Nexen Inc. is a multinational company which operates around the homo in the North Sea, disjuncture of Mexico, West Africa, Canada, Yemen, Colombia, and Poland; and employs 3800 people intercontinental (Nexen inc.). 1) unfavourable contests in the organizations environment Nexen will 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 legal pressure from environmentalist groups calls for much fundamental investigation of submitted proposals, which will undoubtedly delay plans and believably clams production costs as the protocols become more(prenominal) smashed (Zacks Investment Research). Nexen, with a mart cowl of 11.6 zillion 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! naked as a jaybirds Network).

2)Organizational enculturation Nexens actions reflect a company that fosters innovation, as they lose pursued unconventional gas exploration in British capital of South Carolina and Poland (Jones; Nexen Inc.). Nexen is also on the leading contact of extraction and purgation technology in their conventional oil projects, using advanced technology that reduces envi ronmental impact and increases profit margin! s (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 real 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 croak For,...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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