Related Articles
Forward article link
Share PDF with colleagues

Aubrey McClendon quits Chesapeake Energy

The chief executive will leave Chesapeake Energy, the company which he founded

Chesapeake Energy chief executive Aubrey McClendon will leave the company he founded 25 years ago on 1 April. Last year he stepped aside as company chairman amid allegations of a conflict of interest. The company insisted McClendon’s departure is not related to his financing arrangements and other matters that precipitated in a formal inquiry by federal authorities. In a statement, Chesapeake said an “extensive review to date has not revealed improper conduct” by McClendon, who used personal interests in Chesapeake wells as collateral to secure loans. The company expects to release the results of its own review of the McClendon’s participation in the Founder Well Participation programme, a

Also in this section
Venezuela catches the crypto craze
16 March 2018
Is "The Petro" a leap forward or just a cash grab?
A slimmer, fitter Adnoc
12 March 2018
With an eye on new paths being followed by NOCs in the neighbourhood, Abu Dhabi is injecting new energy into the firm
BP sees increasing energy sector competition
1 March 2018
The UK company's latest energy outlook flags up more diversity, but doesn’t predict an imminent collapse in oil demand