Quarterly / Earnings Reports | First Quarter (1Q) Update | Production Rates | Capital Markets | Capital Expenditure
Chesapeake Energy Production Grows 11%; Eagle Ford, Marcellus, Utica Ops
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For the 2018 first quarter, Chesapeake reported net income of $294 million and net income available to common stockholders of $268 million, or $0.29 per diluted share.
Average 2018 first quarter production of approximately 554,000 barrels of oil equivalent (boe) per day, up 11 percent compared to 2017 first quarter, adjusted for asset sales Average 2018 first quarter oil production of approximately 92,000 barrels of oil per day, up 16 percent compared to 2017 first quarter, adjusted for asset salesCapital Spending Overview
Chesapeake's total capital expenditures (including accruals) were approximately $611 million during the 2018 first quarter, including capitalized interest of $43 million, compared to approximately $576 million in the 2017 first quarter. A summary is provided in the…
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