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 22, 2024.

As of May 22, 2024, the company had 4,054,839 and 180,000 treasury stock holdings in acquisition within the scope of allotment and through other acquisition, respectively.