Chesapeake Energy Corp.'s (CHK) CEO, Aubrey McClendon, has reportedly been taking out loans to finance stakes in Chesapeake's wells and then using those same stakes as collateral for more loans. The loans are reported to total over $1.1 billion and were never disclosed to Chesapeake shareholders.
Chesapeake Energy gapped open lower Wednesday and declined during the first hour of trade. The stock finished down by 1.06 at $18.06 on the highest volume of the year. Chesapeake Energy has been declining for the past month and set a new low for the year.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.