Last updated on April 18, 2014 at 1:21 EDT

Nexen Declares Dividend for Series 2 Preferred Shares

December 4, 2012

CALGARY, Dec. 3, 2012 /PRNewswire/ - The Board of Directors of Nexen Inc. (TSX: NXY.PR.A) has declared the
quarterly dividend on its Series 2 Preferred Shares (the “Preferred
Shares”) of $0.3125 per Preferred Share payable December 31, 2012 to
holders of record on December 19, 2012.

About Nexen
Nexen Inc. is a Canadian-based global energy company, listed on the
Toronto and New York stock exchanges under the symbol NXY. Nexen is
focused on three growth strategies: oil sands and shale gas in Western
Canada and conventional exploration and development primarily in the
North Sea, offshore West Africa and deepwater Gulf of Mexico. Nexen
adds value for shareholders through successful full-cycle oil and gas
exploration and development, and leadership in ethics, integrity,
governance and environmental stewardship.

SOURCE Nexen Inc.

Source: PR Newswire