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Chesapeake Energy posts fall in Q2 profit on lower natural gas prices

2023-08-02 04:16
U.S. oil and gas company Chesapeake Energy on Tuesday posted a fall in second-quarter profit on lower natural
Chesapeake Energy posts fall in Q2 profit on lower natural gas prices

U.S. oil and gas company Chesapeake Energy on Tuesday posted a fall in second-quarter profit on lower natural gas prices.

The company reported a profit of $391 million, or $2.73 per share, for the quarter ended June 30, compared with $1.24 billion, or $8.27 cents per share, from a year earlier.

(Reporting by Tanay Dhumal in Bengaluru; Editing by Maju Samuel)