Energy News: SandRidge Energy Inc. (SD) A Market Performer, Chesapeake Energy Corporation (CHK)’s Growth Strategy & Exxon Mobil Corporation (XOM)

Chicago Fuels Rally After Exxon Cuts Rates at Illinois Refinery (BusinessWeek)
Chicago fuels strengthened relative to New York futures after Exxon Mobil Corporation (NYSE:XOM) reduced rates at the 238,000-barrel-a-day Joliet, Illinois, refinery, the fifth-largest plant in the U.S. Midwest. The discount for ultra-low-sulfur diesel fuel in Chicago narrowed 0.5 cent to 4.5 cents a gallon versus New York Mercantile Exchange futures at 12:43 p.m. The spread trimmed for a fifth day, the longest such streak since Nov. 16, 2012. The fuels rallied after regulatory filings showed that Exxon Mobil Corporation (NYSE:XOM)’s Joliet refinery shut an “east co” boiler and cut rates on July 26.

Chesapeake Energy Corp. (NYSE:CHK) Outlook Raised which is alarming Exxon Mobil Corporation (NYSE:XOM) (PRCarbon)
Chesapeake Energy Corporation (NYSE:CHK) outlook raised from negative to stable by Standard & Poor’s Ratings Services , citing potentials the oil-and-gas company will follow a more moderate development strategy under its new chief executive. S&P, which acknowledged Chesapeake Energy Corporation (NYSE:CHK)’s rating three levels below investment grade at double-B-minus, also told that it believes the company to increase its profitability and deleverage its capital structure. Natural gas has factually been the focus of Chesapeake Energy Corporation (NYSE:CHK)’s growth creativeness and accounted for 70% of reserve.