The Covid-19 pandemic and the lockdowns lead to the significant drop in revenue, ultimately resulting in the company filing for security against their bankruptcy due to its over-ambitious expansion. But, in the first nine months of last year, Chesapeake earned $1.3 billion of profit which gained $800 million in dividends to its shareholders. Its stock price spiked and doubled in 2021 after the company relisted its shares. Despite the push for clean energy by the current administration led by Biden and a history of erratic investments and heavy debt-dependency, fossil fuels have shown a remarkable resilience owing to a combination … Continue reading The Comeback Of Fossil Fuels: US Oil And Gas Industry Defies Clean Energy Push