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Chesapeake Energy Corp. officials highlighted Improved margins, reduced debt and growing percentages of oil in the production mix Wednesday as they reported profits for 2018’s fourth quarter and the entire year. The company's 10 percent growth in oil production and lower absolute cash costs combined with other factors during the year to result in the highest per-barrel, pre-adjusted earnings the company has enjoyed since 2014 when commodity prices were significantly higher, Chesapeake CEO Doug Lawler stated in the earnings release.