Chesapeake Energy Cuts 562 Positions In OKC - News9.com - Oklahoma City, OK - News, Weather, Video and Sports |

NEWS

Chesapeake Energy Cuts 562 Positions In OKC

Posted: Updated:
OKLAHOMA CITY -

Chesapeake Energy underwent another round of layoffs on Tuesday. Officials announced that 562 positions in Oklahoma City had been eliminated, Tuesday afternoon.

News 9 has learned that in all, Chesapeake cut 740 positions company-wide; roughly 19-percent of their OKC workforce and 15-percent of their total workforce.

Chesapeake employs approximately 3,200 people in Oklahoma City and is the 11th largest employer, according to the Greater Oklahoma City Partnership. They employ 5,500 people in the U.S.

Chesapeake is the second-largest producer of natural gas and the 11th largest producer of oil and natural gas liquids in the United States.

In August the company reported a second quarter loss of $4.11-billion, after reporting a profit in the same period a year earlier.

Chesapeake stock is currently trading just below $7 and has a 52-week high of $25.42 and a 52-week low of $6.01.

Related Link:  Chesapeake Energy Timeline

Keep checking with News 9 and News9.com for more information. 

Special Features

iPhone App

Get breaking news, weather, sports & video directly on your iPhone.

Politics

Breaking political news & the latest headlines from the state capitol & D.C.

Radars

See where weather is happening using our live interactive radars.

Technology

Spend your money wisely with reviews of new tech gadgets & the latest news in technology.

TV Schedule

Need to know what's on TV? Check out our television schedule.

Live Radar

WARN Interactive

Special Coverage

  • Bridge Tracker

    How safe are Oklahoma's bridges? Use Bridge Tracker to find out now.

  • Fallen Heroes

    News 9 honors our fallen Oklahoma heroes. View our interactive timeline.

  • Murrah Bombing Timeline

    Learn more about the events leading up to and following the bombing.

  • Storm Zone

    Watch tornadoes tear across Oklahoma and learn how to stay safe!

  • Traffic

    Tired of waiting for a traffic report? Get it now with our Live traffic map!

Powered by Frankly
News 9
7401 N. Kelley Ave.
Oklahoma City, OK 73111
News9.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2017 KWTV. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.