Nexen Declares Dividend for Series 2 Preferred Shares

            Nexen Declares Dividend for Series 2 Preferred Shares

  PR Newswire

  CALGARY, Alberta, December 4, 2012

CALGARY, Alberta, December 4, 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 CDN $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.

For investor relations inquiries, please contact: Janet Craig Vice President,
Investor Relations +1-403-699-4230 For media and general inquiries, please
contact: Pierre Alvarez  Vice President, Corporate Relations +1-403-699-5202
801 - 7 ^th Ave SWCalgary, Alberta, Canada T2P 3P7
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