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.
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., the second- biggest U.S. natural-gas producer, is seeking as much as $12 billion from assets sales and joint ventures to cope with a cash crunch amid rising debt and tumbling gas prices.
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.
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.