Sinopec mulling large buy of Chesapeake Energy assets

OKLAHOMA CITY -- China Petroleum & Chemical Corp., or Sinopec, is considering a multi-billion-dollar purchase of Chesapeake Energy Corp. assets, and has conducted due diligence on the matter, the Financial Times reported Wednesday on its website, citing people familiar with the move.
Sinopec Chairman Fu Chengyu was in Oklahoma this week as part of the company's due diligence, the newspaper reported.