Chesapeake Energy Corp would sell its oil and gas assets to Exco Resources for US$1 billion. Chesapeake Energy Corp would sell its properties to Exco Resources Inc for approximately US$1 billion.
Tags: Chesapeake Energy Corp
Top US Natural Gas Producer Chesapeake Energy Starts Laying Off Employees After Its Divestment of Eagle Ford Assets
Chesapeake Energy, a leading natural gas producer in the United States, has started laying off employees this week.
Billionnaire Investor Carl Icahn Posted His Worst Loss Since 2008
Activist investor Carl Icahn on Monday reported a loss of $1.7 billion investment in 2015. This was a 18% down from previous year.
Carl Icahn lost $90 million in his portfolio
Two of the many energy related shares in Carl Icahn portfolio's plunged on Monday trade causing the activist investors a paper loss of $90 million. The two companies are Chesapeake Energy Corp. and Transocean Ltd.
Chesapeake Energy Laid off workers, oil price as main reason
Oklahoma-based energy company, Chesapeake Energy Corp said it had laid off about 15 percent of its employees and citing the low oil price and gas as the main reason for the move. The second-largest natural gas company in the U.S had laid off 740 workers on Tuesday so far.
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Chesapeake Energy shareholders soundly rejected the proposed leadership change process. (Photo : REUTERS)To match Special Report CHESAPEAKE-MCCLENDON/LOANS On Friday, the shareholders of Chesapeake Energy Corp rejected the proposal that would allow the board of directors of the company be replaced in one fell swoop.
Chesapeake Energy Appoints New CEO In a stunning move, Chesapeake Energy Corp has hired Robert Douglas Lawler to become its new Chief Executive Officer.
Billionaire investor Carl Icahn revealed he had bought a 7.6 percent stake in Chesapeake Energy Corp and called for the natural gas producer to replace at least four directors.
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