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Stock impact report

Fracking pioneer Chesapeake Energy files for bankruptcy protection [CNNMoney.com]

Chesapeake Energy Corporation (CHK) 
Last chesapeake energy corporation earnings: 2/26 07:00 am Check Earnings Report
US:NYSE Investor Relations: chk.com/investors
Company Research Source: CNNMoney.com
Fracking trailblazer Chesapeake Energy becomes the biggest oil and gas bankruptcy of the pandemic New York (CNN Business) Fracking pioneer Chesapeake Energy Corporation on Sunday became the largest oil-and-gas company to file for bankruptcy protection during the coronavirus pandemic. Chesapeake was once the nation's No. 2 natural gas producer, thanks to early bets on fracking. Aubrey McClendon, Chesapeake's late founder and CEO , was considered one of the leaders of the shale boom that transformed the United States into the world's largest oil and natural gas producer. But more recently, bankruptcy rumors had swirled around Chesapeake ( CHK ) as the company grappled with depressed energy prices, a poorly timed push into oil and a mountain of debt. The coronavirus crisis exacerbated those challenges. Despite a recent recovery to $40 a barrel, the price of oil has fallen sharply this year because of excess supply and a sharp drop in demand caused by worldwide stay-at-home orde Show less Read more
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