Chesapeake Energy Corporation Declares Quarterly Common and Preferred Stock Dividends

Chesapeake Energy Corporation (NYSE:CHK) today announced that its Board of Directors has declared a $0.0875 per share quarterly dividend that will be paid on April 30, 2015 to common shareholders of record on April 15, 2015. In addition, Chesapeake’s Board has declared dividends on its outstanding convertible preferred stock issues, as stated below.

4.50% 5% (2005B) 5.75% 5.75% (Series A) NYSE Symbol CHK Pr D N/A N/A N/A Date of Original Issue September 14, 2005 November 8, 2005 May 17, 2010 May 17, 2010 Registered CUSIP 165167842 165167826 165167768 165167750 144A CUSIP N/A 165167834 165167776 165167784 RegS CUSIP N/A N/A U16450204 U16450113 Clean (no legends) CUSIP N/A N/A 165167768 165167750 Par Value per Share $0.01 $0.01 $0.01 $0.01 Shares Outstanding 2,558,900 2,095,615 1,497,000 1,100,000 Liquidation Preference per Share $100 $100 $1,000 $1,000 Record Date June 1, 2015 May 1, 2015 May 1, 2015 May 1, 2015 Payment Date June 15, 2015 May 15, 2015 May 15, 2015 May 15, 2015 Amount per Share $1.125 $1.25 $14.375 $14.375

Chesapeake Energy Corporation (NYSE:CHK) is the second-largest producer of natural gas and the 11th largest producer of oil and natural gas liquids in the U.S. Headquartered in Oklahoma City, the company's operations are focused on discovering and developing its large and geographically diverse resource base of unconventional oil and natural gas assets onshore in the U.S. The company also owns substantial marketing and compression businesses. Further information is available at www.chk.com where Chesapeake routinely posts announcements, updates, events, investor information, presentations and news releases.

Chesapeake Energy CorporationInvestor Contact:Brad Sylvester, CFA, 405-935-8870ir@chk.comorMedia Contact:Gordon Pennoyer, 405-935-8878media@chk.com

Chesapeake Energy (NASDAQ:CHK)
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