Red ink for Chesapeake

Cutting costs: Chesapeake chief executive Doug Lawler

The US’ second-ranked natural gas producer Chesapeake Energy plunged to a loss in the fourth quarter, while bouncing back to profit for the full year, as it pledged more cost-cutting and asset sales this year.


Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?