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Nexen Posts Decline In Q2 Profit

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Canada's Nexen (NYSE: NXY) reported a drop in its second-quarter profit.

Nexen's quarterly earnings fell to C$109 million, or 20 Canadian cents a share, versus C$252 million, or 48 Canadian cents a share, in the year-ago period.

Nexen shares closed at $17.27 yesterday.

Posted-In: profitEarnings News


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