Chesapeake Energy Corp. agreed to sell oil and natural-gas assets for $6.9 billion in a series of transactions that will narrow a cash-flow shortfall threatening to crimp the company’s drilling and production goals.
Chesapeake Energy Corp. CEO Aubrey McClendon will tout the company’s stock to Wall Street analysts and investors tomorrow as a board investigation of his personal finances enters its fifth month.
Chesapeake Energy Corp. Chief Executive Officer Aubrey McClendon has been adding oil fields to his personal holdings faster than he can find cash to drill them. He’s steering the company down the same road.