CORRECTING and REPLACING Chesapeake Energy Corporation Included on Fortune '100 Best Companies to Work For? List ? Fifth Consecutive Year
Company Moves Up 14 Spots to Rank #18
Eighth graph, first sentence of release should read: In 2011, Chesapeake
hired approximately 4,800 employees. (sted In 2011, Chesapeake hired
approximately 4,800 new employees, nearly doubling its work force to
more than 12,500.)
The corrected release reads:
CHESAPEAKE ENERGY CORPORATION INCLUDED ON FORTUNE '100 BEST COMPANIES
TO WORK FOR? LIST ? FIFTH CONSECUTIVE YEAR
Company Moves Up 14 Spots to Rank #18
For the fifth consecutive year FORTUNE Magazine named Chesapeake Energy
Corporation (NYSE:CHK) to its list of '100 Best Companies to Work For ?.?
Moving up 14 spots from 2011, Chesapeake ranked #18; the highest listed
Oklahoma-based employer and the top ranked natural gas and oil producer.
FORTUNE specifically noted Chesapeake′s high-paying career opportunities
and employee perks and benefits as reasons for Chesapeake′s strong
showing in the annual list. The full list and related stories will
appear in the February 6 issue of FORTUNE and is now available at www.Fortune.com/BestCompanies.
'While we celebrate any recognition of Chesapeake′s dynamic corporate
culture, we are most proud of the people who work for this company,?
said Aubrey McClendon, Chesapeake Chief Executive Officer. 'Our more
than 12,500 employees are what make Chesapeake a great place to work.
Through teamwork and a commitment to quality and safety, the Chesapeake
team is fueling a brighter energy future for our country.?
Last year Chesapeake ranked #32 on FORTUNE′s list. Chesapeake′s climb in
rank recognizes the company′s continued efforts to offer the best in
career growth, benefits and work environment.
In 2011, Chesapeake added new benefits for its employees, including a
state-of the-art, 63,000-square-foot child development facility in
Oklahoma City, two full-time chaplains available to all employees and a
comprehensive pregnancy wellness program for expectant mothers in all of
the company′s operating areas.
These benefits are in addition to a $1,500 cash incentive for employees
to practice healthy lifestyles, four hours of company time for volunteer
work with nonprofit organizations and a full company match of 401(k)
contributions up to 15% of an employee′s salary, including performance
bonuses. The company emphasizes career growth, and employees receive
performance reviews, with opportunity for raises and bonuses, twice per
year.
Oklahoma City employees also enjoy a 72,000-square-foot fitness center,
a health center serving employees and their families, four on-campus
restaurants and a sustainable employee garden stretching across an
entire block.
'It is Chesapeake′s goal to be the most competitive employer in both our
industry and the country,? said Martha Burger, Chesapeake Senior Vice
President ? Human & Corporate Resources. 'The benefits we offer, in
addition to our outstanding career opportunities, allow us to recruit
and retain top talent. Chesapeake′s employees are the driving force
behind the success of our company. We are committed to caring for each
other as colleagues and caring for the communities where we do business.?
In 2011, Chesapeake hired approximately 4,800 employees. As energy
demands increase, and domestic oil and natural gas production continues
to grow, the company plans to hire 5,000 employees in 2012 in operating
areas across the country. In Oklahoma alone, Chesapeake expects to hire
more than 1,000 team members ? from truck drivers and righands to
engineers and geologists. More information about Chesapeake careers can
be found at www.chk.com/careers.
To pick the 100 Best Companies to Work For, Fortune partners with the
Great Place to Work Institute to conduct the most extensive employee
survey in corporate America; 280 firms participated in this year′s
survey.More than 246,000 employees at those companies responded
to a survey created by the institute, a global research and consulting
firm operating in 45 countries around the world.Two-thirds of a
company′s score is based on the results of the institute′s Trust Index
survey, which is sent to a random sample of employees from each company.The survey asks questions related to their attitudes about
management′s credibility, job satisfaction, and camaraderie.The
other third is based on responses to the institute′s Culture Audit,
which includes detailed questions about pay and benefit programs and a
series of open-ended questions about hiring practices, methods of
internal communication, training, recognition programs, and diversity
efforts.After evaluations are completed, if news about a company
comes to light that may significantly damage employees′ faith in
management, we may exclude it from the list.Any company that is
at least five years old and has more than 1,000 U.S. employees is
eligible.For information on how to apply, visit www.greatplacetowork.com.
Chesapeake Energy Corporation (NYSE:CHK) is the second-largest
producer of natural gas, a Top 15 producer of oil and natural gas
liquids and the most active driller of new wells in the U.S.Headquartered
in Oklahoma City, the company's operations are focused on discovering
and developing unconventional natural gas and oil fields onshore in the
U.S.Chesapeake owns leading positions in the Barnett,
Haynesville, Bossier, Marcellus and Pearsall natural gas shale plays and
in the Granite Wash, Cleveland, Tonkawa, Mississippi Lime, Bone Spring,
Avalon, Wolfcamp, Wolfberry, Eagle Ford, Niobrara, Three Forks/Bakken
and Utica unconventional liquids plays.The company has
also vertically integrated its operations and owns substantial
midstream, compression, drilling, trucking, pressure pumping and other
oilfield service assets directly and indirectly through its subsidiaries
Chesapeake Midstream Development, L.P. and Chesapeake Oilfield Services,
L.L.C. and its affiliate Chesapeake Midstream Partners, L.P. (NYSE:CHKM)Further information is available at www.chk.com
where Chesapeake routinely posts announcements, updates, events,
investor information, presentations and news releases.
Chesapeake Energy Corporation
Jeffrey L. Mobley, CFA, 405-767-4763
jeff.mobley@chk.com
or
John
J. Kilgallon, 405-935-4441
john.kilgallon@chk.com
or
Media
Jim
Gipson, 405-935-1310
jim.gipson@chk.com
or
Lindsay
McIntyre, 405-935-8486
lindsay.mcintyre@chk.com
