Chesapeake Energy Corp (CHK.N)
15 Aug 2018
Shares of U.S. shale oil producers dropped on Wednesday after several companies posted lower-than-expected quarterly profit from rising spending and hedging losses that kept them from fully benefiting from higher crude prices.
Natural gas and oil producer Chesapeake Energy Corp's average daily production volumes in the second quarter missed analysts' estimate and expenses jumped, sending its shares down as much as 10 percent on Wednesday.
* Shares fall as much as 10 pct (Adds analyst, CEO comment; updates share price)
Aug 1 Natural gas producer Chesapeake Energy Corp reported a loss compared to a year-ago profit on Wednesday, as a slump in natural gas prices ate into its margins and the company was hurt in part by a $46 million impairment charge.
HOUSTON Chesapeake Energy Corp plans to sell all of its Ohio natural gas acreage to privately owned Encino Acquisition Partners for about $2 billion, the company said on Thursday.
HOUSTON, July 26 Chesapeake Energy Corp plans to sell all of its Ohio natural gas acreage to privately owned Encino Acquisition Partners for about $2 billion, the company said on Thursday.
July 26 Oil and gas producer Chesapeake Energy Corp said on Thursday it plans to sell its stake in the Utica Shale region of Ohio to privately owned Encino Acquisition Partners for about $2 billion.
BRIEF-Chesapeake Energy Says Incurred Total Charge Of About $38 Mln In Current Quarter In Connection With Workforce Reduction Announced In Jan
* CHESAPEAKE ENERGY - INCURRED TOTAL CHARGE OF ABOUT $38 MILLION IN CURRENT QUARTER IN CONNECTION WITH WORKFORCE REDUCTION ANNOUNCED IN JANUARY - SEC FILING
Chesapeake Energy Corp's quarterly profit exceeded analysts' estimates on Wednesday, as it produced more oil and natural gas at higher prices while continuing to lower costs, pulling shares in the company around 3 percent higher.
* REPORTS 2018 FIRST QUARTER FINANCIAL AND OPERATIONAL RESULTS