Reuters exclusively reported that Chesapeake Energy, which was at the forefront of the past decadeâ€™s U.S. shale boom, is preparing a potential bankruptcy filing as it grapples with an unprecedented rout in energy prices. Chesapeake was trying to pivot from gas to a greater emphasis on oil production when a Saudi-Russian energy price war earlier this year upended its plans and the wider crude market. It was dealt another blow by the coronavirus outbreak, which caused energy demand to dwindle by shutting large swaths of the global economy.
Chesapeake Energy shares fall after Reuters reports company preparing bankruptcy filing
29 April 2020, 12:00 am. 1 minute