Nexen Corporation (KOSE:A005720) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares according to the contract with Shinyoung Securities Co.,LTD. The purpose of the program is stock price stability and shareholder value enhancement. The program will expire on November 30, 2023.

As of May 30, 2023, the company had 2,940,839 and 0 treasury stock holdings in acquisition within the scope of allotment and through other acquisition, respectively.