Chesapeake Energy: An American exploration and production company

Stocks_Pedia
2023-02-11

Hey, this is Stocks_Pedia.

I would like to introduce some unfamiliar companies that may be of some help to your investments.

The company I’m going to introduce is $Chesapeake(CHK)$.

 It went public in 2015.

[Company Profile]

Chesapeake Energy Corporation is an American exploration and production company, headquartered in Oklahoma City.

[History & Events]

1993: The company became a public company via an initial public offering, with a valuation of $25 million.

1997:  The company wrote down the value of its assets by over $200 million, approximately equal to shareholder's equity at the time, due to low commodity prices and implemented a turnaround plan.

2006: The company was added to the S&P 500.[7] It was removed from the index in 2018.

2008: The company announced its discovery of the Haynesville Shale in East Texas and northwestern Louisiana.

2009: The company partnered with Orange County Choppers to create the first chopper powered by compressed natural gas.

2011: Chesapeake Energy agreed to a 12-year naming rights partnership with the Oklahoma City Thunder for naming and branding rights of the Paycom Center at a cost of $3 million per year, with annual increases of 3%.[11] On April 20, 2021, the agreement was terminated.

2012: The company sold midstream assets for $2.16 billion.

2013: Chesapeake sold 55,000 net acres in the Northern Eagle Ford Shale and 9,600 net acres in the Haynesville Shale to EXCO for aggregate proceeds of $1 billion.

2020: The company filed for bankruptcy protection with $7 billion in debt.[28][29] It emerged from bankruptcy protection in February 2021.

2022: The company acquired Chief Oil & Gas.

[Main Business Segments]

[Net Income & Total Revenue]​

[Competitors]

$NOBLE ENG GP(08445)$

$Ovintiv Inc.(OVV)$

$EOG Resources(EOG)$

$APA Corporation(APA)$

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Comments

  • diggydog
    2023-02-12
    diggydog
    2020 bankrupt and then 2022 acquired another company? How? Amazing.
  • aiyoh79
    2023-02-11
    aiyoh79
    Thanks for sharing
  • HANDM
    2023-02-11
    HANDM
    1
  • Dindindino
    2023-02-11
    Dindindino
    Good
  • ryanoon
    2023-02-11
    ryanoon
    Nice one
  • AlanTiger
    2023-02-11
    AlanTiger
    Okic
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