- Zacks
Chesapeake (CHK) Layoffs Point at Struggles Amid Lower Prices
Chesapeake (CHK) announces that its job cuts are completely unrelated to its merger with Southwestern (SWN). The company is also cutting back on production owing to a slump in natural gas prices.
- Zacks
SharkNinja and Schneider National have been highlighted as Zacks Bull and Bear of the Day
SharkNinja and Schneider National have been highlighted as Zacks Bull and Bear of the Day
- Reuters
Top U.S. natural gas producer Chesapeake Energy cuts jobs
Chesapeake Energy, a top U.S. natural gas producer, began laying off employees this week after completing the divestiture of its oil assets last year, the company said on Monday. This week's layoffs follow its divestment of its Eagle Ford assets, not the company's pending merger with Southwestern Energy, Chesapeake said. Chesapeake in 2022 said it would exit the Eagle Ford shale field in south Texas, making it a pure-play natural gas producer.
