Reuters provides insight into how Chesapeake Energy’s future muddied by executive departures, strategy shifts - Reuters News Agency
Environment

Reuters provides insight into how Chesapeake Energy’s future muddied by executive departures, strategy shifts

Reuters took readers on a deep dive into how U.S. oil and gas producer Chesapeake Energy Corp has touted to investors a clean balance sheet, a new board of directors and a promise to restrain spending since emerging from bankruptcy in February. The company has endured a senior management shakeup and, according to sources, its interim CEO has told employees that the company is eyeing acquisitions that could help double its size.

Article Tags
Topics of Interest: Environment
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Americas
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
Chesapeake Energy Corporation's 50 acre campus is seen in Oklahoma City, Oklahoma, April 17, 2012. From a single 6,000-square-foot building in 1989, the multi-building complex today contains almost one million square feet of office space and includes employee perks like on-site Botox treatments at the headquarters. Chesapeake Energy Corp. CEO Aubrey McClendon is one of the most successful energy entrepreneurs of recent decades. But he hasn't always proved popular with shareholders of the company he co-founded, the second-largest natural gas producer in the United States. Now, a series of previously undisclosed loans to McClendon could once again put Chesapeake's CEO and shareholders at odds.  Picture taken April 17, 2012. To match Special Report CHESAPEAKE-MCCLENDON/LOANS   REUTERS/Steve Sisney (UNITED STATES - Tags: BUSINESS ENERGY)
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