TheOklahoma City-based company reported a quarterly net loss of $159 million, versusa gain of $250 million a year earlier, as it was hit by employee terminationcosts and charges on discontinued rig lease contracts, among other items.

For thefull year, Chesapeake notched up a net profit of $474 million to turn around a$940 million loss in 2012 as it has streamlined its asset base and slashedcosts in the face of low North American natural gas prices.

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