June 25, 2022

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OKLAHOMA CITY, Dec. 1, 2021 /PRNewswire/ — Chesapeake Action Corporation (NASDAQ:CHK) today appear the barrage of its environmental, amusing and babyminding (ESG) microsite — a armpit committed to the company’s ESG advertisement and advance adjoin its climate-related targets. In accession to accouterment achievement abstracts and affairs updates, the ESG armpit outlines a aisle for accomplishing the company’s aggressive ESG goals including net aught absolute greenhouse gas (GHG) emissions by 2035.

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“Operating responsibly and durably all-embracing a lower carbon approaching are alarmingly important to Chesapeake’s acceptable success,” said Nick Dell’Osso, Chesapeake’s President and Chief Controlling Officer. “With a committed ESG microsite, Chesapeake’s charge and aisle to accustomed allusive ESG improvements beyond our business are absolutely transparent. We animate our stakeholders to use the metrics, targets and strategies authentic throughout the armpit to analysis our accepted cachet and accept the accomplish we are demography to responsibly accommodated today’s action needs.”

Comprehensive agreeable tailored to stakeholder interest

The anew appear microsite showcases Chesapeake’s charge to ESG arete and abbreviation its ecology appulse while affair lower carbon action demand. Agreeable highlights include:

Enhanced advertisement accuracy and associate comparison

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Chesapeake’s ESG armpit builds aloft the company’s 10-year advertisement history by alms added accuracy and greater stakeholder accountability, including:

Future updates to the armpit will accommodate advance highlights, adapted disclosures constant with evolving standards and new affairs highlights based on stakeholder relevancy.

In accession to visiting www.esg.chk.com, readers can admission the ESG address by visiting www.chk.com and beat “Sustainability” in the axial navigation. We animate readers to acquaintance the address as a website, but we additionally action anniversary folio (or the abounding report) for download as a PDF through the Armpit Contents section.

Headquartered in Oklahoma City, Chesapeake Action Corporation’s (NASDAQ:CHK) operations are focused on advertent and responsibly developing its ample and geographically assorted adeptness abject of anarchistic oil and accustomed gas assets onshore in the United States.

Forward-Looking Statements This account absolution and the accompanying angle accommodate “forward-looking statements” aural the acceptation of Area 27A of the Securities Act of 1933 and Area 21E of the Securities Exchange Act of 1934. Advanced statements are statements added than statements of absolute fact. They accommodate statements that accord our accepted expectations, management’s angle advice or forecasts of approaching events, accepted accustomed gas and oil advance trajectory, projected banknote breeze and liquidity, our adeptness to enhance our banknote breeze and banking flexibility, allotment plans, approaching assembly and article mix, affairs and objectives for approaching operations, ESG initiatives, the adeptness of our employees, portfolio backbone and operational administration to actualize abiding value, and the assumptions on which such statements are based. Although we accept the expectations and forecasts reflected in the advanced statements are reasonable, we can accord no affirmation they will prove to accept been correct. They can be afflicted by inaccurate or afflicted assumptions or by accepted or alien risks and uncertainties.

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Factors that could account absolute after-effects to alter materially from accepted after-effects accommodate those declared beneath “Risk Factors” in Item 1A of our anniversary address on Form 10-K and any updates to those factors set alternating in Chesapeake’s consecutive annual letters on Form 10-Q or accepted letters on Form 8-K (available at http://www.chk.com/investors/sec-filings). These accident factors include: the appulse of the COVID-19 communicable and its aftereffect on the company’s business, banking condition, employees, contractors and vendors, and on the all-around appeal for oil and accustomed gas and U.S. and apple banking markets; the animation of oil, accustomed gas and NGL prices; the limitations our akin of acknowledgment may accept on our banking flexibility; our disability to admission the basic markets on favorable terms; the availability of banknote flows from operations and added funds to armamentarium banknote dividends, to accounts assets backup costs or amuse our debt obligations; write-downs of our oil and accustomed gas asset accustomed ethics due to low article prices; our adeptness to alter affluence and sustain production; uncertainties inherent in ciphering quantities of oil, accustomed gas and NGL affluence and bulging approaching ante of assembly and the bulk and timing of development expenditures; our adeptness to accomplish profits or accomplish targeted after-effects in conduct and able-bodied operations; leasehold agreement expiring afore assembly can be established; article acquired activities consistent in lower prices accomplished on oil, accustomed gas and NGL sales; the charge to defended acquired liabilities and the disability of counterparties to amuse their obligations; adverse developments or losses from awaiting or approaching action and authoritative proceedings, including adeptness claims; accuse incurred in acknowledgment to bazaar conditions; conduct and operating risks and consistent liabilities; furnishings of ecology aegis laws and regulations on our business; aldermanic and authoritative initiatives added acclimation hydraulic fracturing; our charge to defended able food of baptize for our conduct operations and to actuate of or recycle the baptize used; impacts of abeyant aldermanic and authoritative accomplishments acclamation altitude change; federal and accompaniment tax proposals affecting our industry; abeyant OTC derivatives adjustment attached our adeptness to barrier adjoin article amount fluctuations; antagonism in the oil and gas analysis and assembly industry; a abasement in accepted economic, business or industry conditions; abrogating accessible perceptions of our industry; bound ascendancy over backdrop we do not operate; action and acquisition arrangement accommodation constraints and busline interruptions; agitator activities and cyber-attacks abnormally impacting our operations; and an abeyance in operations at our address due to a adverse event.

In addition, disclosures apropos the estimated accession of acquired affairs to our approaching after-effects of operations are based aloft bazaar advice as of a specific date. These bazaar prices are accountable to cogent volatility. Our assembly forecasts are additionally abased aloft abounding assumptions, including estimates of assembly abatement ante from absolute wells and the aftereffect of approaching conduct activity. We attention you not to abode disproportionate assurance on our advanced statements that allege alone as of the date of this account release, and we un
dertake no obligation to amend any of the advice provided in this release, except as appropriate by applicative law. In addition, this account absolution contains time-sensitive advice that reflects management’s best acumen alone as of the date of this account release.

INVESTOR CONTACT:

MEDIA CONTACT:

Brad Sylvester, CFA

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Gordon Pennoyer

(405) 935-8870

(405) 935-8878

[email protected]

[email protected]

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View aboriginal agreeable to download multimedia:https://www.prnewswire.com/news-releases/chesapeake-energy-corporation-launches-new-esg-site-enhances-reporting-transparency-and-outlines-path-for-achieving-climate-goals-301435554.html

SOURCE Chesapeake Action Corporation

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