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Chesapeake Energy quarterly profit and output rise

Nov 5 – Chesapeake Energy Corp, the second-largest U.S. producer of natural gas, on Wednesday reported a bigger-than-expected 8 percent increase in third-quarter profit on higher output from lower-cost shale wells in Texas, Louisiana and Ohio. Shares of Chesapeake rose 6.3 percent to $22.64 in morning New York Stock Exchange trading. The results show Chief Executive Officer Doug Lawler’s efforts ...

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