Energy News: Chesapeake Energy Corporation (CHK) CEO’s Email & Exxon Mobil Corporation (XOM), Dividend Champion?

Chesapeake Energy Corp. Given New $30.00 Price Target at Oppenheimer (CHK) (WatchListNews)
Equities research analysts at Oppenheimer boosted their target price on shares of Chesapeake Energy Corporation (NYSE:CHK) from $24.00 to $30.00 in a research note issued to investors on Thursday, ARN reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price target indicates a potential upside of 20.05% from the stock’s previous close. Shares of Chesapeake Energy Corporation (NYSE:CHK) opened at 24.99 on Thursday. Chesapeake Energy Corporation (NYSE:CHK) has a 1-year low of $16.23 and a 1-year high of $25.64. The stock’s 50-day moving average is $22.72 and its 200-day moving average is $20.95. The company’s market cap is $16.230 billion.

Secrets of the new Exxon Mobil campus: Giant floating cube, basketball court and personal A/C (CultureMap)
More details are emerging on the 385-acre mega campus that Exxon Mobil Corporation (NYSE:XOM) is building along the Hardy Toll Road 25 miles north of downtown Houston. Beginning next year, 10,000 employees will be divided into 20 buildings to consolidate the company’s operations that are scattered in Houston, Virginia and other locations. With the campus described as “one of the largest commercial construction projects underway in North America” by project executive Jim Hennessy, the current issue of Exxon Mobil Corporation (NYSE:XOM)’s shareholder newsletter The Lamp reveals the project’s massive scope. “During a typical day, we have about 3,000 workers on site, 16 tower cranes and hundreds of pieces of mobile construction equipment,” Hennessy noted.

Chesapeake Energy’s New CEO Restructures Senior Staff (StateImpact)
Chesapeake Energy Corporation (NYSE:CHK)’s new CEO is shaking up the company’s senior staff, according to the Wall Street Journal. Chief Executive Doug Lawler sent an email to staff this week saying the restructuring would allow the company to be “more competitive and focused.” …Chesapeake is the second-largest natural gas producer in the United States and the most active gas driller in Pennsylvania.