Company History

Chesapeake Energy Corporation is a company engaged in hydrocarbon exploration. It is headquartered in Oklahoma City. The company is named after the founder's love for the Chesapeake Bay region.

• 2018

  The company produced 521 thousand barrels of oil equivalent (3,190,000 GJ) per day, of which 73% was natural gas, 17% was petroleum, and 10% was natural gas liquids

  1989

  Founded

  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