Chesapeake, Southwestern Complete $7.4 Billion Merger, Rebrand as Expand Energy
(P&GJ) — Chesapeake Energy Corporation and Southwestern Energy Company have officially completed their merger, forming a newly rebranded entity, Expand Energy Corp. Expand Energy has began trading on the NASDAQ under the ticker symbol "EXE".
Nick Dell’Osso, president and CEO of Expand Energy, said the merger positions the company as the largest natural gas producer in the U.S. and a global leader.
"We are built to disrupt the industry’s traditional cost and market delivery model," Dell'Osso stated. "With our strong portfolio, peer-leading returns, and financial foundation, we’re ready to capture synergies, expand opportunities, and reduce the cost of energy for consumers."
The company plans to release its third-quarter financial results and provide a preliminary 2025 outlook after market close on October 29, 2024. A conference call to discuss these results is scheduled for October 30, 2024, at 9:00 a.m. EDT. Participants can access the webcast and registration details via the company's website, where a replay will also be available.
Related News
Related News
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Marathon Oil to Lay Off Over 500 Texas Workers Ahead of ConocoPhillips Merger
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
Comments