Chesapeake Leads S&P 500's Losers Amid Historic Gas Price Slump

  • No. 2 U.S. gas supplier posts worst annual drop since 1998
  • Gas prices near 16-year low threaten ability to repay debts

Chesapeake Energy Corp. is having its worst year since 1998 after halting dividend payouts, slashing drilling budgets and cutting one of every six employees failed to rescue the energy explorer from the deepest gas-market rout in 16 years.

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