Chesapeake Energy reports fall in quarterly profit

Southwestern Energy Co

20/02/2024 21:03

Feb 20 (Reuters) - Chesapeake Energy  CHK.O  reported a
steep decline in fourth-quarter profit on Tuesday, as the
natural gas producer battled lower commodity pricing during the
period as well as a decline in output. 
    The company reported a profit of $569 million, or $4.02 per
share, for the quarter ended Dec. 30, compared with $3.51
billion, or $24 per share, a year earlier.
    
    

 (Reporting by Saikeerthi in Bengaluru; Editing by Pooja Desai)
 ((Saikeerthi@thomsonreuters.com;))