Energy News Update: SandRidge Energy Inc. (SD) CEO James Bennett, Chesapeake Energy Corporation (CHK) Goodbye to Four Senior Execs, Exxon Mobil Corporation (XOM) Buys Assets

Editor’s Note: SandRidge Energy Inc. (NYSE:SD), Chesapeake Energy Corporation (NYSE:CHK), Exxon Mobil Corporation (NYSE:XOM)

Chesapeake Energy Corporation (NYSE:CHK)Chesapeake Energy’s New CEO Shakes Up Top Ranks (The Wall Street Journal)
Chesapeake Energy Corporation (NYSE:CHK)’s new chief executive shook up the natural-gas giant’s top ranks Monday, saying four senior executives would leave, including the longtime chief operating officer who served as interim CEO earlier this year. Chief Executive Doug Lawler said in an email to Chesapeake staff Monday afternoon that the “restructuring will position Chesapeake to be more competitive and focused,” thanking each of the departing executives. The corporate reshuffling comes as Mr. Lawler forges a new strategy for the Oklahoma City-based company, which remains staffed with many lieutenants of his predecessor, Chesapeake Energy Corporation (NYSE:CHK) co-founder Aubrey McClendon.

ConocoPhillips to Sell Oil Sands Assets to Exxon (Oil Price)
ConocoPhillips has cut a deal to sell all of its Clyden oil sands property—a total of 226,000 acres–in Canada to Exxon Mobil Corporation (NYSE:XOM) Mobil Canada and Imperial Oil for $720 million. The deal, announced on Thursday, 8 August, means Exxon Mobil Canada and Imperial Oil will buy 100% of ConocoPhillips Clyden oil sands stake, with Exxon acquiring 72.5% and Imperial acquiring 27.5%. So really, it’s largely an Exxon deal because Imperial is 70% owned by Exxon Mobil Corporation (NYSE:XOM).

CEO James Bennett added to SandRidge board (News OK)
SandRidge Energy Inc. (NYSE:SD) said Monday that CEO James Bennett has been named to the company’s board. Bennett has been named a director effective immediately. He replaces founder and former CEO Tom Ward, and will be up for election next year. Bennett joins an expanded board that in March added four new directors hand-picked by activist shareholder TPG-Axon Capital.

Exxon Mobil Is Still Worth Considering As An Income Idea (Seeking Alpha)
Exxon Mobil Corporation (NYSE:XOM) second quarter results, released August 1, missed expectations and showed a challenging period for the oil giant. But even with the disappointment, just how strong is Exxon’s dividend? In this article, let’s take a deep dive.

More changes at Chesapeake? (News OK)
Our NewsOK Energy team chatted with readers Tuesday about changes at Chesapeake Energy Corporation (NYSE:CHK). You can join our energy Q&A’s on the second Tuesday of every month at 10 a.m. and submit your questions about energy companies and developments across the state. Below is an unedited transcript of Tuesday’s chat.

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!