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Chesapeake’s (NASDAQ:CHK) financial position improves in Q2FY24 even as the company reports USD 227mn loss
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Highlights
Chesapeake Energy Corporation (Chesapeake) (NASDAQ: CHK) specializes in the exploration and production of natural gas and oil.
In Q2 FY24, the company’s revenue declined by around 73.3%, due to decreased revenues from all segments. The company reported a USD 227 million loss for the period, driven by reduced revenue, which was partially offset by lower operating expenses.
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