Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Sinopec Considering Bid for Chesapeake Assets, FT Says

Sinopec, the Chinese oil and natural-gas company, is weighing spending billions of dollars for Chesapeake Energy Corp. assets, the Financial Times reported.

Fu Chengyu, chairman of Sinopec, was in Oklahoma this week as the company performs a due diligence review of Chesapeake assets, the newspaper said today, citing unidentified people familiar with the move.

Buying assets rather than the Oklahoma City-based company itself may reduce the sort of political backlash that derailed Cnooc Ltd.’s $18.5 billion bid for Unocal Corp., the paper said.

Chengyu said on May 11 that China Petroleum & Chemical Corp. has held talks with Chesapeake and other North American shale-gas holders about investing as it seeks to diversify.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.