Chesapeake Energy Corp., the second- largest U.S. natural-gas producer, said third-quarter profit rose as production increased.
Net income was $558 million, or 75 cents a share, compared with $192 million, or 30 cents, a year earlier, Oklahoma City- based Chesapeake said today in a statement on Business Wire. Gains from contracts used to lock in commodity prices added $687 million to Chesapeake’s income in the same period last year.
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Source: Bloomberg
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