Navigate this market better. Subscribe for FREE stock alerts and information.

Wednesday, February 20, 2013

Chesapeake says board probe finds no CEO misconduct, (NYSE: CHK)

Chesapeake Energy Corp said on Wednesday its internal probe of the financial dealings of outgoing Chief Executive Aubrey McClendon found no intentional wrongdoing. The Oklahoma City, Oklahoma, oil and natural gas company also said its board concluded that no antitrust laws were violated in connection with the acquisition of Michigan oil and gas rights in 2010.

Chesapeake Energy Corporation (Chesapeake) is a natural gas and oil exploration and production company. Shares of CHK remained unchanged at $20.36. In the past year, the shares have traded as low as $13.32 and as high as $26.09. On average, 13770400 shares of CHK exchange hands on a given day and today's volume is recorded at 2600.