Chesapeake Boosts Output, Cuts Costs, Nonetheless Reports Loss

摘要

Chesapeake Energy reported increased production of oil, gas and natural gas liquids (NGLs) for the first quarter, but the Oklahoma City-based independent is facing financial challenges related to commodity prices that have fallen by as much as half in the past year. The company reported a net loss of $3.78 billion for the first quarter after taking one-time charges of $3.82 billion, primarily reflecting a reduction in the value of its oil and gas properties as a result of sharply lower commodity prices.