11:39 AM EST - Nexen Inc. : reported first-quarter 2012 operating and financial results and provided an update on strategic priorities. Production volumes for the first quarter averaged 202,000 boe/d, which was around the midpoint of our expectations. The company generated cash flow from operations of $670 million ($1.27/share), reflecting solid operational performance, the firm's significant weighting to Brent-priced oil and strong cash netbacks. Net income was also strong at $171 million ($0.32/share). Nexen Inc.
shares T.NXY are trading up $0.05 at $19.05.
