Chesapeake posts $3.7 billion loss in first quarter

Ponca City Now - May 6, 2015 10:57 am

OKLAHOMA CITY (AP) – Chesapeake Energy reports that it lost more than $3.7 billion in the first quarter.

The Oklahoma City company’s loss amounts to near $6 a share.

Chesapeake shares have dropped 19 percent since the beginning of the year and 44 percent in the past 12 months.

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