| Business Summary | | Nexen,
Inc.,
formerly
known
as
Canadian
Occidental
Petroleum
Ltd.,
is
engaged
in
exploration,
development,
production
and
marketing
of
crude
oil
and
natural
gas,
and
the
manufacturing
and
marketing
of
sodium
chlorate,
chlorine
and
caustic
soda.
The
Company
has
a
strong
base
of
assets
in
Yemen,
Canada
and
the
Gulf
of
Mexico.
The
Company's
core
operations
also
include
a
7.23%
interest
in
the
Syncrude
Joint
Venture
in
Canada.
The
Company
aggressively
targets
exploration
activities
and
operations
in
the
deep
waters
of
the
Gulf
of
Mexico,
Yemen,
Nigeria,
Australia,
Indonesia
and
Colombia.
Its
chemicals
operations
are
located
throughout
North
America
and,
most
recently,
Brazil. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | NXY
is
engaged
in
the
exploration
for,
and
development,
production
and
marketing
of
crude
oil,
natural
gas
and
related
products,
as
well
as
alternate
fuels
and
chemicals.
For
the
six
months
ended
6/30/01,
total
revenues
increased
19%
to
C$1.51
billion.
Net
income
before
U.S.
GAAP
applicable
to
Common
increased
24%
to
C$273
million.
Revenues
reflect
higher
production
rates
and
average
oil
prices.
Net
income
also
reflects
lower
operating
expenses
as
a
percentage
of
costs. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Richard Thomson | Chairman | Charles Fischer | Pres,
CEO | Marvin Romanow | Sr.
VP-Fin., CFO | John McWilliams | Sr.
VP, Gen. Counsel, Sec. | David Wartman | Sr.
VP of HR and Corp. Services |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|