Expand Energy Corporation Analysis
What is Expand Energy Corporation?
Focused on responsible oil and gas development
Employees
1001-5000
Founded
1989
Industry
Fossil Fuels
HQ Full Address
P.O. Box 18496, Oklahoma City, Oklahoma 73154-0496, United States
Product Features & Capabilities
- Oil and gas exploration
- Natural gas production
- Sustainability initiatives
- Community engagement programs
Other Considerations
Aiming for net-zero direct GHG emissions by 2035; Engaged in community support initiatives; Focused on sustainable energy practices
Competitors
- EOG Resources - Founded in 1999, EOG Resources is involved in the exploration, development, production, and marketing of crude oil, natural gas liquids, and natural gas. It is one of the largest independent oil and gas companies in the United States.
- Apache Corporation - Established in 1954, Apache Corporation focuses on the exploration, development, and production of natural gas, crude oil, and natural gas liquids. It operates in several regions, including the United States and international markets.
- Devon Energy - Founded in 1971, Devon Energy is based in Oklahoma City and specializes in oil and natural gas exploration and production. The company has a significant presence in the U.S. energy market.
- Noble Energy - An independent oil and natural gas exploration and production company founded in 1932, Noble Energy operates in various regions and is known for its innovative approaches to energy development.
- Ovintiv - Formerly known as Encana, Ovintiv was founded in 2002 and focuses on the exploration, development, and production of a multi-basin portfolio of oil and natural gas assets.
- BP America Inc - A subsidiary of BP plc, BP America is a major player in the oil and gas industry, with a significant presence in exploration and production, employing around 70,100 people and generating substantial revenue.
- ConocoPhillips - Established in 2002, ConocoPhillips is one of the largest independent exploration and production companies in the world, focusing on oil and natural gas.
- Exxon Mobil - Founded in 1870, Exxon Mobil is one of the largest publicly traded oil and gas companies globally, involved in nearly all aspects of the energy sector.
- Chevron - Established in 1879, Chevron is a multinational corporation involved in oil and gas exploration and production, with a significant global presence.
Recent News
Recent developments related to Chesapeake Energy Corporation include the release of their 2023 Sustainability Report, marking their 12th year of reporting on sustainability efforts. Additionally, the company reported its second-quarter financial results for 2024. There have been job cuts within the company, which they clarified were not related to a pending merger with Southwestern Energy. Furthermore, Chesapeake initiated layoffs following the divestiture of its oil assets in 2023. They also completed a joint venture transaction with Total E&P USA, Inc. concerning the Utica Shale.
Sustainability Initiatives
Chesapeake Energy Corporation engages in several sustainability initiatives, including a commitment to achieve net zero greenhouse gas emissions (Scope 1 and 2) by 2035. The company emphasizes sustainable practices in resource extraction, community engagement, and environmental stewardship. Their sustainability strategy includes strengthening the communities where they operate and focusing on decision-making fundamentals that guide their sustainability efforts. They have also launched an ESG microsite to enhance transparency and outline their climate goals.
