Pickens’s BP Capital Fund Exits Stake in Chesapeake Energy

Billionaire investor T. Boone Pickens sold his remaining shares in Chesapeake Energy Corp. during the second quarter.

Pickens said in May that his BP Capital Management LP fund was exiting its stake in the natural-gas producer. The fund sold its 499,055 Chesapeake shares sometime between the end of March and June 30, according to a regulatory filing today.

To contact the reporter on this story: Edward Klump in Houston at eklump@bloomberg.net

To contact the editor responsible for this story: Tina Davis at tinadavis@bloomberg.net

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