Chesapeake to join S&P 500

Wednesday, March 1st 2006, 9:24 am
By: News On 6

OKLAHOMA CITY (AP) -- Oklahoma City-based Chesapeake Energy will join the nation's top companies in being listed among the Standard and Poor's 500.

The S&P 500 includes many of the country's largest and most actively traded companies and analysts say the listing will give Chesapeake exposure to more investors.

Chesapeake joins Oklahoma City-based Kerr-McGee and Devon Energy and Tulsa-based Williams Corporation as Oklahoma companies listed on the S&P 500.

Chesapeake will replace Ohio-based Dana Corporation on the index and will be listed beginning Thursday.