Nexen Inc. Consolidated Statement of Income

For the Three Years ended December 31, 2008

 

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Cdn$ millions, except per share amounts

2008

2007

2006

See accompanying notes to Consolidated Financial Statements.

Revenues and Other Income

 

 

 

Net Sales

7,424

5,583

3,936

Marketing and Other (Note 17)

813

1,021

1,450

 

8,237

6,604

5,386

Expenses

 

 

 

Operating

1,335

1,165

955

Depreciation, Depletion, Amortization
and Impairment (Note 4)

2,014

1,767

1,124

Transportation and Other

967

908

1,041

General and Administrative

257

374

555

Exploration

402

326

362

Interest (Note 10)

94

168

53

 

5,069

4,708

4,090

 

 

 

 

Income before Provision for Income Taxes

3,168

1,896

1,296

 

 

 

 

Provision for Income Taxes (Note 18)

 

 

 

Current

859

434

368

Future

598

358

315

 

1,457

792

683

 

 

 

 

Net Income before Non-Controlling Interests

1,711

1,104

613

Net Income (Loss) Attributable to
Non-Controlling Interests

(4)

18

12

 

 

 

 

Net Income

1,715

1,086

601

 

 

 

 

Earnings Per Common Share ($/share) (Note 19)

 

 

 

Basic

3.26

2.06

1.15

Diluted

3.22

2.02

1.12