Nexen Q1 2026 Results & 1M Share Buyback Cancellation

Treasury stock cancellation of 1M shares (Mar 26, 2026): Cancelled 1M previously acquired shares as profit cancellation, enhancing shareholder returns.
Consolidated Q1 results: Revenue 937.5B KRW, OP 67.6B, Net profit (parent) 38.4B, EPS 740 KRW. Debt ratio 111.5% (vs 113.4% year-end).
Subsidiary changes: Acquired The Saintnine (2025), sold Olive Tree, established UK/Mexico sales entities.
Contingent liabilities: US anti-dumping duty review ongoing (final decision Jul 2026), 3 overseas lawsuits (0.675B KRW).
Dividend policy: Stable dividends, planning to continue reduced dividends via capital reserve transfer.