BUSINESS
Chesapeake Energy files for bankruptcy, as details emerge of wine cellars and botox
BUSINESS

Chesapeake Energy files for bankruptcy, as details emerge of wine cellars and botox

Published: June 29, 2020  |  3 min read, 581 words
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Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.June 29, 2020, 1:18 PM UTCUpdated June 29, 2020, 5:31 PM UTCBy Pippa Stevens, CNBCChesapeake Energy, the poster child of the U.S. shale revolution, filed for bankruptcy protection on Sunday. The move comes as the company and industry more broadly has been rocked by a drop in oil and gas prices amid the coronavirus pandemic.The heavily indebted company has been in trouble for some time, and in May said that it had concerns regarding its long-term viability.Chesapeake said that $7... READ MORE
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