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Chord Energy falls after naming insider Lou as CEO

By Reuters News13:00 (UTC), 19 October 2026 Updated

** Chord Energy CHRD.O shares fall nearly 2% to $151.94 premarket

** Co appoints insider Michael Lou as CEO, effective immediately

** Lou succeeds Danny Brown, who is stepping down to join natural gas producer Expand Energy EXE.O as CEO, effective October 26

** Lou most recently served as chief strategy officer and chief commercial officer for co

** Brown is taking over from Michael Wichterich, who has been serving as CEO of Expand Energy since February

** 17 of 20 brokerages rate the stock "buy" or above, 3 "hold"; median PT - $176.50 — data compiled by LSEG

** As of last close, stock had risen 66.7% YTD

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