Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

Chesapeake first-quarter profit surges on pricing

Send a link to a friend  Share

[May 07, 2014]  Reuters) Chesapeake Energy Corp, the second largest U.S. producer of natural gas, reported a sharply higher quarterly profit on Wednesday, helped by higher prices.

Profit in the first quarter was $374 million, or 54 cents per share, compared with $15 million, or 2 cents per share, in the year-ago period.

The Oklahoma City, Oklahoma company said its oil and gas production was 675,200 barrels oil equivalent per day, up 11 percent from a year ago after adjusting for asset sales.

(Reporting by Anna Driver; Editing by Jeffrey Benkoe)

[ 2014 Thomson Reuters. All rights reserved.]

Copyright 2014 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


< Top Stories index

Back to top