Chesapeake Energy "debt" Reviews | Glassdoor

Create your profile to get personalized information

Chesapeake Energy Employee Reviews about "debt"

Updated Dec 2, 2019

To filter reviews, or .

3.7
65%
Recommend to a Friend
78%
Approve of CEO
Chesapeake Energy President, Chief Executive Officer and Director Robert D. Lawler
Robert D. Lawler
181 Ratings
Pros
  • "Great benefits, great PTO, connected company(in 52 reviews)

  • "Campus is great spread out but nice to walk around, fitness center is amazing, restaurants are top notch and great daycare(in 33 reviews)

Cons
  • "Unstable oil and gas economy equals layoffs and budget cuts(in 14 reviews)

  • "This company doesn't make money and cannot get out of debt(in 11 reviews)

More Pros and Cons

Reviews about "debt"

Return to all Reviews
  1. "Great experience, but glad to be moving on..."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Supply Chain 
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Chesapeake Energy full-time for more than 5 years

    Pros

    awesome gym, daycare center, doctor, dentist, restaurants, 15% 401k match, inexpensive insurance with several beneficial options, generous pto, half day fridays

    Cons

    Employees are great, but due to financial issues, morale is not good. This company doesn't make money and cannot get out of debt

    Chesapeake Energy2019-12-03
  2. "Senior Network Engineer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Recommends
    Negative Outlook
    No opinion of CEO

    I worked at Chesapeake Energy full-time for more than 8 years

    Pros

    Great environment and people with good opportunities.

    Cons

    Company debt too high. Future doesn’t look bright.

    Advice to Management

    Get balance sheet under control.

    Chesapeake Energy2019-07-31
  3. "Good company in some tough spots"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Oklahoma City, OK
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Chesapeake Energy full-time for more than 8 years

    Pros

    Great people; developing entrepreneuial mindset; fantastic benefits; great workout facility; very good restaurants.

    Cons

    Crippling debt leaves high uncertainty, leading business units to often work against one another rather than working together for the greater good; major inter-departmental silos; upper management is largely detached.

    Advice to Management

    Actually get to know your employees and what they're doing, your workforce reductions have been so counterproductive to your long-term goals because of this. Important committees and projects have been wiped out every time. Relying on the good ol' boy system or computer algorithms are not good substitutes for knowledge.

    Chesapeake Energy2018-03-19
  4. Helpful (1)

    "Chesapeake'd? Leadership varies; financial struggles; you should plan next move going in"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Manager in Oklahoma City, OK
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Chesapeake Energy full-time for more than 5 years

    Pros

    Good way to get exposure to several plays in the US, upstream industry, etc. There are many layers to the onion and so you can learn a lot and move around, potentially 15% 401k (though vesting is rough) Compensation is great for engineering fields Work schedule (half-day Fridays) PTO - varies by experience Mid level managers are talented in some areas You might be the smartest guy in the room Industry can be exciting as prices are volatile and O&G is good ole boy CHK made mistakes early on and attempts to fix are learning opportunities for you Company has a lab and devotes resources to understanding plays in a way some smaller companies can / do not

    Show More

    Cons

    Well, you might be the smartest guy in the room Company selling assets to pay off debt but reduces cash flow for next debt tranche (liquidity trap) -- you might not be there long Experience and expertise of some VPs is shallow (result of CEO placing loyal Anadarko hires into roles above their competency) Little cash for training and other employee resources for rank & file if you need it If acquired (one of a couple escape routes for CHK), it is almost certain HQ will move and synergies will be found, and so you need to know that going in Company buys-in hard internally on buzzwords and trends to sell to investor community (follower, not leader) as it tries to point to growth strategies As transparent as they attempt to be, you'll have little idea of "important" stuff as it's closely held Your VP may not know your name (even in small depts) as there are walls A lot of skeletons in the closet in Legal, Land, and Marketing depts

    Show More
    Chesapeake Energy2018-03-29
  5. "Nice Compensation/Low Enthusiasm"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Chesapeake Energy full-time

    Pros

    Great benefits, nice location with fitness center and restaurants on campus

    Cons

    Not good at continued learning, not the best home life, not a positive culture, not much advancement opportunity, unstable employment caused by debt

    Advice to Management

    Encourage employees to continue to learn and improve in their career and personally by offering learning classes or compensation for training and certificates. Offer a path to progress in a career.

    Chesapeake Energy2018-03-14
  6. Helpful (1)

    "Used to be a great company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
     in Oklahoma City, OK
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Chesapeake Energy for more than 3 years

    Pros

    - Great 401K match - Great campus

    Cons

    - Unstable company due to heavy debt load - Management is made up of friends of the CEO - Layoffs happen regularly

    Chesapeake Energy2018-02-19
  7. "Great Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Landman in Oklahoma City, OK
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Chesapeake Energy full-time for less than a year

    Pros

    Incredible Campus Incredible 401(k) match Work hours are very manageable

    Cons

    Struggling stock price and high debt levels have affected culture.

    Chesapeake Energy2017-11-27
  8. Helpful (3)

    "No Longer a Great Company to Work For"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Oklahoma City, OK
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Chesapeake Energy full-time for more than 5 years

    Pros

    Diverse asset base 401k Match Training programs

    Cons

    No longer a best company to work for with cuts to employee benefits and culture Bottom 5 worst-performing stock in Fortune 500 in last year losing over 77% of its value Still heavy debt load New corporate structure does not value employees Management not clear in its direction Frequently changing course and strategy Great uncertainty

    Advice to Management

    Still have many problems to work through and financial concerns Recognize and reward those adding value to the corporation

    Chesapeake Energy2016-11-01
  9. Helpful (1)

    "Corporate Accounting Intern - Great experience!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Accounting Intern in Oklahoma City, OK
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Chesapeake Energy

    Pros

    - Great leadership team. Those involved in my internship took a personal interest in my growth and regularly encouraged me in my work. - The pay is competitive as well. - Top notch benefits

    Cons

    The only problem with Chesapeake lies in the industry itself. Former leadership brought on a lot of debt; however, the new leadership seems to be taking the company into the right place.

    Chesapeake Energy2016-04-09
  10. "Incredible amounts of opportunity and trust, great pay, great benefits!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Engineering Tech in Oklahoma City, OK
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Chesapeake Energy full-time for more than a year

    Pros

    Working for an industry leader who is re-shaping the energy landscape in the US. Gives great exposure to the industry, educates it's team well and provides great resources to get the job done. Very entreprenurial spirit.

    Cons

    Instability due to fluctions in commodity prices, high profile CEO, large debt load due to disruptive business model.

    Advice to Management

    Continue to cut the debt and develop a new capital discipline.

    Chesapeake Energy2012-10-12
Found 11 reviews