Nexen Corporation (KOSE:A005720) announces a share repurchase program. Under the program, the company will repurchase up to $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 February 15, 2023.

As of August 15, 2022, the company had 1,702,839 and 0 treasury stock holdings in acquisition within the scope of allotment and through other acquisition, respectively.