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Wednesday, April 7, 2010 as of 11:14 AM ET

ExxonMobil Corporation

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Exxon Mobil Corporation () or ExxonMobil, is an American multinational oil and gas corporation. It is a direct descendant of John D.

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Icahn Reports 7.6% Stake In Chesapeake Energy

Activist investor Carl Icahn reported a 7.

6% stake in Chesapeake Energy Corp. (CHK) Friday and called for the replacement of at least four of the embattled natural-gas company's board members.Icahn's call for a shakeup echoes the wish of investors who have said lax board oversight is partly to blame for the company's 50% decline in share price over the past year. Scandals surrounding company co-founder and Chief Executive Aubrey McClendon and complicated financials have helped the company lose hundreds of millions of dollars in market capitalization."He's out for blood," Morningstar analyst Mark Hanson said of Icahn's demands. "You needed someone with sharper elbows, and now you got it."News of Icahn's stake and demand sent Chesapeake shares 1.5% higher in after hours trading, to $16.04.Icahn called for at least four of the board's current members, other than Louis Simpson, to be immediately replaced by two individuals of his own choosing. Another large shareholder should designate two...

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  1. Icahn Reports 7.6% Stake In Chesapeake, Calls For 4 Directors To Be Replaced

    Activist investor Carl Icahn reported a 7.6% stake in Chesapeake Energy Corp. (CHK) and called for the replacement of at least four of the embattled natural gas comp...

  2. Chesapeake Gains, Energy Stocks Up

    Energy stocks contained in the S&P 500 rose 0.7%, on average, in early trades on Friday. Chesapeake Energy Corp. moved up 2.5%, rising for the second day after it sa...

  3. Australia Won't Intervene In PNG Political Crisis -Foreign Minister

    Australia won't intervene in a political crisis unfolding in Papua New Guinea, foreign minister Bob Carr said Friday.Armed police on Thursday arrested Papua New Guin...

  4. Chesapeake, Cabot Down As Energy Stocks Fall

    Energy stocks lost ground in early action on Thursday. Among the decliners, Cabot Oil & Gas dipped 1.5% and Chesapeake Energy Corp. fell about 1.9%. Energy stocks co...

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    FBN’s Nicole Petallides on the Dow posting its biggest intraday point swing in five weeks.

  6. Exxon To Farm Out Several Oil, Gas Blocks In Indonesia -Official

    Exxon Mobil Corp. (XOM) will farm out several oil and gas blocks in Indonesia, as output at the blocks is "not satisfactory," an official with the oil major's Indone...

  7. Chesapeake Sees 90% Of 2013 Capital Marked For Liquids Plays

    Chesapeake Energy Corp. (CHK) on Tuesday said it stands by its plan to expand its oil production, saying it will spend nearly all of its 2013 capital budget on drill...

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