Chesapeake Energy Corp. exonerated co-founder and outgoing Chief Executive Officer Aubrey McClendon for privately borrowing hundreds of millions of dollars from some of the company’s biggest financiers.
Chesapeake Energy Corp. was told by a judge to meet with Bank of New York Mellon Corp. and investors this weekend to agree on a schedule for a rapid trial over whether the gas company was too late yesterday when it issued a notice to redeem $1.3 billion in bonds early at par.
Chesapeake Energy Corp. issued a notice to redeem $1.3 billion in bonds early, at par, after a judge ruled that the gas producer would probably prevail in court over any demand to pay $400 million in extra interest.
Valero Energy Corp.’s plan to cleave its convenience stores and gas stations from oil refining may allow the company to bolster its balance sheet by paying off debt and abandoning a business with narrowing profit margins.
Chesapeake Energy Corp., which yesterday cleared its outgoing chief executive officer of misconduct after a 10-month probe into his personal finances, said fourth-quarter profit dropped on wrong-way bets on the price of natural gas.
Chesapeake Energy Corp., under fire from investor Carl Icahn for focusing on “non-core assets,” has amassed more than $300 million of real estate in its home- town Oklahoma City area, including shopping centers.
Chesapeake Energy Corp., the second- largest U.S. gas producer, increased the size of a term loan it’s seeking to pay off a revolving credit line to $4 billion from $3 billion, according to data compiled by Bloomberg.