Chesapeake Donating Money

Kelsey Morgan

Chesapeake Energy has been known to display annual holiday lights outside their campus. However, this year they are doing something a bit different.

The company has decided to donate the money it would use on the display to local charities.

“We are refocusing our holiday plans on programs we believe make the greatest impact on Oklahoma City,” said Director of Strategic Communications Gordon Pennoyer.

The oil and natural gas company is collaborating with the Oklahoma City Thunder to fund the Angel Tree program through the Salvation Army. The program provides holiday gifts to children in need within the community. This program is expected to allocate toys to more than 5,000 children this year.

“Additionally, we will continue our partnership with the Regional Food Bank of Oklahoma by matching donations to the organization during the holiday season,” Pennoyer added.  

Chesapeake will be matching donations until Jan. 15.

Low prices on oil and natural gas have significantly decreased revenues for energy companies statewide throughout 2015, which caused expenditures to be notably cut.

Chesapeake announced the decision to donate money mid-November, weeks after 740 employees were laid off. It has also been noted that the company lost $4.65 billion in the third quarter.

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