Chesapeake Energy Corp. may have been weighed down by a cash shortfall and buyout offers in 2012, but the natural gas producer is still one of the top 100 companies to work for in 2013, according to a list published by Fortune magazine.
The nation’s second-largest natural gas producer after Exxon Mobil was one of a handful of energy companies that made the list of workplaces that keep employees happy with generous benefits, perks and engaging work. Oklahoma City-based Chesapeake ranked No. 26.
Other energy companies on the list were Houston-based Hilcorp Energy, ranked seventh, No. 27 Devon Energy, No. 38 NuStar Energy, and Houston-based EOG Resources, which ranked 72nd.
Pervasive on the list are companies that offer subsidize gym memberships, on-site child care and generous salaries.
Read more: Luring top oil talent demands perks
Hilcorp Energy, for example, offered a surprising perk, according to the magazine.
“This oil and gas producer, a newcomer to the list, promised staff in 2010 that if the company doubles its production rate and reserves by 2015, every employee will get a check for $100,000. An earlier, met goal rewarded 400 employees with $50,000 toward a new car,” Fortune said.
Chesapeake has more than 13,000 employees and, according to Fortune, is still an attractive place to work. It was previously ranked 18th.
“Depressed natural-gas prices have sped up a downsizing and the sale of assets, but benefits remain generous, including more than $8 million in ‘safety bonuses’ paid out in 2011 to more than 6,000 employees across the company for following safe work practices,” Fortune said in its citation.
Chesapeake had 502 job openings at the start of 2013, according to Fortune.
But the company has faced a serious cash shortage since natural gas prices plummeted in April 2012 and slashed company revenues. Chesapeake last year announced it would offer buyouts to 275 workers as part of an effort to cut costs.
Chesapeake is set to announce its 2012 earnings on Feb. 21.
EOG was highlighted for its stock benefits, according to Fortune.
“The oil and gas driller shares its growing wealth with employees, who are all stockholders,” the magazine said. “In the past 10 years, the stock price has shot up 500 percent, to $120 [per share].”