Chesapeake has 2 divisions that are expected to make $10.5 billion 2019.
Crude/NGL/Natural Gas: $5.2 billionMarketing: $5.3 billion
Further Business and Market Information
Chesapeake mainly serves the energy market. Its downstream operations, seek to serve the exploration and production of key energy products, such as crude oil, gas etc. Its upstream operations look to largely serve end-products such as fuel for automobiles/airlines, and other crude based products
Upstream operations largely consists of exploration and productions of hydrocarbons and natural-gas. The company produced 521,000 barrel oil equivalents. Natural-gas consisted of 73% of the total production, 17% was crude, and 10% was Natural Gas Liquids.
Downstream operations largely consists of marketing operations.
Chesapeake's main competitors consist of other oil exploration companies, whose business consists of both upstream and downstream service.
These include:ConocoPhillipsOccidental Petroleum
Chesapeake is expected to produce a total revenue of $10.5 in 2019, this up from $7.9 billion in 2019, with growth at 3%, this as low commodity prices weigh on revenues.