The following video is part of this week's MarketFoolery podcast, in which host Chris Hill, Andy Cross, and Joe Magyer discuss the latest business news. In this segment the guys analyze Chesapeake Energy's latest earnings. Already the second-largest producer of natural gas in the United States, Chesapeake is aiming to become a top-five oil producer as well and is also talking about spinning off its oil-services segment for an IPO. The guys discuss why Chevron and ExxonMobil shouldn't be threatened and why investors interested in oil-services companies should check out National Oilwell Varco.
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