Chesapeake Energy Corporation Receives Notification from NYSE of Continuous Listing Standard

OKLAHOMA CITY, June 29, 2020 / PRNewswire / – Chesapeake Energy Corporation (the “Company”) was notified today by the New York Stock Exchange (“NYSE”) of its determination to initiate procedures to eliminate the Company’s common stock and suspend trading in the common stock of the Company due to the Company’s decision to voluntarily file a reorganization under Chapter 11 of the Bankruptcy Code. The Company anticipates that cash June 30, 2020 their common shares will begin trading on the OTC Pink Market under the symbol “CHKAQ”. The transition to the over-the-counter market will not affect the Company’s commercial operations.

Based in Oklahoma City, Chesapeake Energy Corporation (NYSE: CHK) operations focus on discovering and developing its geographically diverse large resource base of unconventional onshore oil and natural gas assets in the United States.

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. Forward-looking statements are statements other than statements of historical fact. These forward-looking statements are generally identified by the words “believe”, “wait”, “anticipate”, “estimate”, “pretend”, “plan”, “may”, “should”, “could”, “will”, ” “would,” and “will be”, and variations of such words and similar expressions, although not all forward-looking statements contain these identifying words. Although we believe that the expectations and forecasts reflected in the forward-looking statements are reasonable, we cannot guarantee that prove correct. May be affected by inaccurate or changed assumptions or by known or unknown risks and uncertainties. Factors that could cause actual results to differ materially from expected results are described in “Risk Factors” in Article 1A of the Company Annual Report on Form 10-K for the ended fiscal year December 31, 2019 and any updates to those factors set forth in the Company’s subsequent quarterly reports on Form 10-Q or current reports on Form 8-K.

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SOURCE Chesapeake Energy Corporation