09:46 AM EST - Nexen Inc. : reported a 48 percent rise in second-quarter sales to $2.07 billion on flat production. But net income increased only 3 percent from a year earlier to $380 million because of a big charge for stock-based compensation, along with higher British taxes and the impact of the weaker U.S. dollar. Nexen said it plans a buyback of up to 10 percent of its shares and is increasing this year's capital investment budget by between $600 million and $800 million. Nexen Inc.
shares T.NXY are trading off $1.46 at $35.50.
