The newly bankrupt oil and gas producer wants to restructure both its debt and legacy contractual obligations.
News & Analysis: Chesapeake Energy
The oil and natural gas producer hopes to eliminate $7 billion of debt via this restructuring process.
A new recession means bankruptcies, leading to questions about corporate budgeting.
The company finally pulled the trigger on a major step in its effort to mend its balance sheet. Shareholders shouldn't be happy.
The oil and gas producer aims to eliminate $7 billion of debt.
The deeply indebted oil company hasn't filed for bankruptcy yet.
Oil markets are getting tumultuous again as the COVID-19 pandemic worsens.
The industry, which has already seen a few notable bankruptcies, will probably witness many more in the coming months.
Shares of the troubled oil company continue to bounce around with news and oil prices.
These struggling energy industry stocks are top candidates to go under this year.