Nexen Inc. (TSX: NXY, NYSE: NXY) is an energy company based in Calgary, Alberta, Canada.
Nexen started in 1969 under the name "Canadian Occidental Petroleum Ltd.", aka CanOxy, and was 80% owned by Occidental Petroleum, a Los Angeles-based oil company. Essentially, it was created to get around rules that hampered American oil companies' operations in Canada.
In the first decade of its existence,... Full
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