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May 9, 2012

Conoco CEO confirms sale of Nigeria assets

HOUSTON, May 9 (Reuters) – Ryan Lance, the new chief
executive officer of ConocoPhillips, on Wednesday
confirmed that the U.S. exploration and production company plans
to sell its Nigerian assets, but said a deal was not imminent.

“We’re testing the market on our Nigerian assets,” Lance
told reporters after the company’s annual meeting.

May 7, 2012

Chesapeake should consider sale-top investor

By Anna Driver and Michael Erman

(Reuters) – Chesapeake Energy Corp’s largest shareholder urged the natural gas company to remain open to acquisition, despite the weakness of its share price

Chesapeake and Chief Executive Aubrey McClendon have been under pressure in recent from investors who are advocating for change in the company’s leadership and now its business model.

May 3, 2012

Chesapeake CEO says “deeply sorry”; shares tumble

By Matt Daily and Anna Driver

(Reuters) – Shares of Chesapeake Energy Corp posted their largest decline in more than three years on Wednesday as Chairman and Chief Executive Aubrey McClendon said he was “deeply sorry” for the turmoil caused by his personal financial dealings.

McClendon is under fire over investigations by Reuters into his personal financial dealings. He characterized many of the reports as “misinformation,” without elaborating.

May 2, 2012

Chesapeake CEO says “misinformation” in media

By Matt Daily and Anna Driver

(Reuters) – Chesapeake Energy Corp shares fell sharply on Wednesday morning, even as Chief Executive Officer and Chairman Aubrey McClendon, under fire over investigations by Reuters into his personal financial dealings, criticized many of the reports as “misinformation.”

“There’s been enormous and unprecedented scrutiny of our company, and of me personally. And a great deal of misinformation has been published, and uncertainty created,” McClendon told an earnings conference call on Wednesday.

May 1, 2012

Chesapeake to replace McClendon as chairman

HOUSTON (Reuters) – Chesapeake Energy Corp will find an independent, nonexecutive chairman to replace Aubrey McClendon, who will retain his position as chief executive officer, the natural gas producer said on Tuesday.

McClendon, who is Chesapeake’s co-founder, also agreed to an early end to a controversial program that grants him minority stakes in Chesapeake’s wells, a perk that had sparked investor anger and inquiries from U.S. regulatory and tax agencies.

Apr 27, 2012

Exclusive: Chesapeake board member lent money to CEO McClendon

By Brian Grow and Anna Driver

(Reuters) – As Chesapeake Energy Corp.’s board of directors moves to distance itself from loans taken by CEO Aubrey McClendon, documents reviewed by Reuters show that at least one former board member had undisclosed personal financial ties to him in the past.

Now-retired board member Frederick Whittemore lent money to McClendon in the late 1990s, the documents show, even as Whittemore helped determine how much the CEO should be paid to run Chesapeake.

Apr 27, 2012

Chesapeake board member lent money to CEO McClendon

April 27 (Reuters) – As Chesapeake Energy Corp.’s (CHK.N: Quote, Profile, Research)
board of directors moves to distance itself from loans taken by
CEO Aubrey McClendon, documents reviewed by Reuters show that at
least one former board member had undisclosed personal financial
ties to him in the past.

Now-retired board member Frederick Whittemore lent money to
McClendon in the late 1990s, the documents show, even as
Whittemore helped determine how much the CEO should be paid to
run Chesapeake.

Apr 23, 2012

EXCLUSIVE: CEO’s sales of well stakes raise questions at Chesapeake

April 23 (Reuters) – Chesapeake Energy Corp’s chief executive came under fire last week
after Reuters reported that he used his stakes in company wells to take out as much as $1.1
billion in personal loans.

Now, Reuters has found, CEO Aubrey K. McClendon has employed another way to cash in on a
perk unique to the company he runs: He sold his share of two large energy plays at the same time
the company divested its interest.

Apr 23, 2012

Exclusive: CEO’s sales of well stakes raise questions at Chesapeake

By Brian Grow and Anna Driver

(Reuters) – Chesapeake Energy Corp’s chief executive came under fire last week after Reuters reported that he used his stakes in company wells to take out as much as $1.1 billion in personal loans.

Now, Reuters has found, CEO Aubrey K. McClendon has employed another way to cash in on a perk unique to the company he runs: He sold his share of two large energy plays at the same time the company divested its interest.

Apr 21, 2012

Chesapeake discloses loans after Reuters report

HOUSTON (Reuters) – Chesapeake Energy Corp (CHK.N: Quote, Profile, Research, Stock Buzz), in response to a Reuters report earlier this week, will disclose to shareholders the existence of loans its CEO Aubrey McClendon took out against his interest in thousands of wells granted to him as a corporate perk, according to a regulatory filing on Friday.

Reuters reported on Wednesday that McClendon has borrowed as much as $1.1 billion against his 2.5 percent interest in wells received as part of his compensation.

    • About Anna

      "I currently cover large U.S. oil and gas companies including Exxon Mobil and ConocoPhillips as part of the equities desk's Raw Materials Team. I am based in Houston, Texas."
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