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(Reuters) – U.S. oil and fuel firm Chesapeake Power Corp (NYSE:) on Tuesday beat first-quarter revenue expectations on increased manufacturing of .
The US has emerged because the world’s largest LNG exporter after Western sanctions on main provider Russia, boosting demand for U.S. pure fuel.
In accordance with UBS, 70% of U.S. LNG cargoes went to Europe within the first quarter.
Chesapeake’s web manufacturing within the first quarter was about 4.1 billion cubic ft equal per day and consisted of about 90% pure fuel and 10% complete liquids.
The Oklahoma Metropolis-based firm reported adjusted earnings of $1.87 per share, whereas analysts had anticipated $1.72 per share, in accordance with Refinitiv knowledge.
