— Chesapeake Energy Corporation (NYSE: CHK) reported a loss of $0.04 per share in the fourth quarter of 2019, vs $0.06 per share loss expected.
— Q4 revenue fell 31% to $1.9 billion, vs. $2.1 billion expected.
— Oil production grew approximately 45% YoY in Q4 amidst decline in average prices for its oil, natural gas and NGL production.
— For 2020, the company sees Capex budget cut of about 30%. Chesapeake also plans to maintain flat oil production, while decreasing gas production.
— CHK shares rose 4.7% immediately following the announcement.
Get access to timely and accurate verbatim transcripts that are published within hours of the event.
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q1 2024
Energy exploration company Chevron Corporation (NYSE: CVX) announced first-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation was $5.50 billion or
ABBV Earnings: AbbVie reports lower adj. profit for Q1 2024; revenue edges up
Specialty biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) Friday announced first-quarter 2024 financial results, reporting a decline in adjusted earnings and a modest rise in revenues. The company reported worldwide net
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q1 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $5.06 billion. Organic sales increased 9.8%. Net income attributable to Colgate-Palmolive Company was