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OKLAHOMA CITY--(BUSINESS WIRE)--Jan. 22, 2008--FORTUNE magazine
announced today that Chesapeake Energy Corporation (NYSE:CHK) has been
named one of the 100 best companies to work for in the U.S. The full
list and related stories will appear in the February 4 issue of
FORTUNE, available on newsstands January 28, and at www.fortune.com on
"We are very pleased to have been selected by FORTUNE magazine as
one of the 100 best companies to work for in America," said Aubrey K.
McClendon, Chairman and CEO. "This award is a testament to our
outstanding employees who make Chesapeake a leader in the energy
industry and in the communities where we operate. We place a premium
on creating a challenging and rewarding work environment where our
employees can excel."
"Without question, the best investment we have ever made at
Chesapeake is in our people. Our people work hard and know how to have
fun at the same time," said Martha Burger, Senior Vice President -
Human and Corporate Resources. "They are the reason for our continued
success as the nation's most active explorer for clean-burning natural
gas. We are proud of our 6,300 employees and are pleased to accept
this award on their behalf."
A significant factor for the making the list this year is being
able to create jobs. The 100 companies on the 2008 list added 67,000
employees to their payrolls in the past year and employ a total of
nearly 1.6 million employees, up 16% from the number employed by
companies comprising last year's list. Chesapeake alone added
approximately 1300 new employees in 2007.
To pick the "100 Best Companies to Work For," FORTUNE worked with
Robert Levering and Milton Moskowitz of the Great Place to Work
Institute to conduct the most extensive employee survey in corporate
America. Of some 1,500 firms that were contacted, 406 companies
participated in this year's survey. Nearly 100,000 employees at those
companies responded to a 57-question survey created by the Great Place
to Work Institute, a global research and consulting firm with offices
in 30 countries.
Two-thirds of a company's score was based on the results of the
survey that was sent to a minimum of 400 randomly selected employees
from each company. The survey asks questions related to their
attitudes about the management's credibility, job satisfaction and
camaraderie. The other third of the scoring is based on the company's
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 communications,
training, recognition programs and diversity efforts.
Any company that is at least seven years old with more the 1,000
U.S. employees is eligible. The deadline for applying for next year's
list is March 31, 2008. For an online nomination form, go to
Chesapeake Energy Corporation is the largest independent producer
and third-largest overall producer of natural gas in the United
States. Headquartered in Oklahoma City, the company's operations are
focused on exploratory and developmental drilling and corporate and
property acquisitions in the Mid-Continent, Fort Worth Barnett Shale,
Fayetteville Shale, Permian Basin, Delaware Basin, South Texas, Texas
Gulf Coast, Ark-La-Tex and Appalachian Basin regions of the United
States. Chesapeake's Internet address is www.chk.com.
CONTACT: Chesapeake Energy Corporation
Martha Burger, 405-879-9242
Senior Vice President - Human & Corporate Resources
SOURCE: Chesapeake Energy Corporation