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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
REVENUES:      
Oil, natural gas and NGL $ 8,180us-gaap_OilAndGasSalesRevenue $ 7,052us-gaap_OilAndGasSalesRevenue $ 6,278us-gaap_OilAndGasSalesRevenue
Marketing, gathering and compression 12,225us-gaap_GasGatheringTransportationMarketingAndProcessingRevenue 9,559us-gaap_GasGatheringTransportationMarketingAndProcessingRevenue 5,431us-gaap_GasGatheringTransportationMarketingAndProcessingRevenue
Oilfield services 546us-gaap_RevenueOilAndGasServices 895us-gaap_RevenueOilAndGasServices 607us-gaap_RevenueOilAndGasServices
Total Revenues 20,951us-gaap_Revenues 17,506us-gaap_Revenues 12,316us-gaap_Revenues
OPERATING EXPENSES:      
Oil, natural gas and NGL production 1,208us-gaap_LeaseOperatingExpense 1,159us-gaap_LeaseOperatingExpense 1,304us-gaap_LeaseOperatingExpense
Production taxes 232us-gaap_TaxesExcludingIncomeAndExciseTaxes 229us-gaap_TaxesExcludingIncomeAndExciseTaxes 188us-gaap_TaxesExcludingIncomeAndExciseTaxes
Marketing, gathering and compression 12,236us-gaap_GasGatheringTransportationMarketingAndProcessingCosts 9,461us-gaap_GasGatheringTransportationMarketingAndProcessingCosts 5,312us-gaap_GasGatheringTransportationMarketingAndProcessingCosts
Oilfield services 431us-gaap_CostOfServicesOilAndGas 736us-gaap_CostOfServicesOilAndGas 465us-gaap_CostOfServicesOilAndGas
General and administrative 322us-gaap_GeneralAndAdministrativeExpense 457us-gaap_GeneralAndAdministrativeExpense 535us-gaap_GeneralAndAdministrativeExpense
Restructuring and other termination costs 7us-gaap_RestructuringCharges 248us-gaap_RestructuringCharges 7us-gaap_RestructuringCharges
Provision for legal contingencies 234us-gaap_LossContingencyAccrualProvision 0us-gaap_LossContingencyAccrualProvision 0us-gaap_LossContingencyAccrualProvision
Oil, natural gas and NGL depreciation, depletion and amortization 2,683us-gaap_DepletionOfOilAndGasProperties 2,589us-gaap_DepletionOfOilAndGasProperties 2,507us-gaap_DepletionOfOilAndGasProperties
Depreciation and amortization of other assets 232us-gaap_DepreciationAndAmortization 314us-gaap_DepreciationAndAmortization 304us-gaap_DepreciationAndAmortization
Impairment of oil and natural gas properties 0us-gaap_ImpairmentOfOilAndGasProperties 0us-gaap_ImpairmentOfOilAndGasProperties 3,315us-gaap_ImpairmentOfOilAndGasProperties
Impairments of fixed assets and other 88us-gaap_AssetImpairmentCharges 546us-gaap_AssetImpairmentCharges 340us-gaap_AssetImpairmentCharges
Net gains on sales of fixed assets (199)us-gaap_GainLossOnSaleOfPropertyPlantEquipment (302)us-gaap_GainLossOnSaleOfPropertyPlantEquipment (267)us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Total Operating Expenses 17,474us-gaap_CostsAndExpenses 15,437us-gaap_CostsAndExpenses 14,010us-gaap_CostsAndExpenses
INCOME (LOSS) FROM OPERATIONS 3,477us-gaap_OperatingIncomeLoss 2,069us-gaap_OperatingIncomeLoss (1,694)us-gaap_OperatingIncomeLoss
OTHER INCOME (EXPENSE):      
Interest expense (89)us-gaap_InterestExpense (227)us-gaap_InterestExpense (77)us-gaap_InterestExpense
Losses on investments 80us-gaap_IncomeLossFromEquityMethodInvestments 226us-gaap_IncomeLossFromEquityMethodInvestments 103us-gaap_IncomeLossFromEquityMethodInvestments
Net gain (loss) on sales of investments 67us-gaap_GainLossOnSaleOfInvestments (7)us-gaap_GainLossOnSaleOfInvestments 1,092us-gaap_GainLossOnSaleOfInvestments
Losses on purchases of debt (197)us-gaap_GainsLossesOnRestructuringOfDebt (193)us-gaap_GainsLossesOnRestructuringOfDebt (200)us-gaap_GainsLossesOnRestructuringOfDebt
Other income 22us-gaap_OtherNonoperatingIncomeExpense 26us-gaap_OtherNonoperatingIncomeExpense 8us-gaap_OtherNonoperatingIncomeExpense
Total Other Income (Expense) (277)us-gaap_NonoperatingIncomeExpense (627)us-gaap_NonoperatingIncomeExpense 720us-gaap_NonoperatingIncomeExpense
INCOME (LOSS) BEFORE INCOME TAXES 3,200us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 1,442us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (974)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
INCOME TAX EXPENSE (BENEFIT):      
Current income taxes 47us-gaap_CurrentIncomeTaxExpenseBenefit 22us-gaap_CurrentIncomeTaxExpenseBenefit 47us-gaap_CurrentIncomeTaxExpenseBenefit
Deferred income taxes 1,097us-gaap_DeferredIncomeTaxExpenseBenefit 526us-gaap_DeferredIncomeTaxExpenseBenefit (427)us-gaap_DeferredIncomeTaxExpenseBenefit
Total Income Tax Expense (Benefit) 1,144us-gaap_IncomeTaxExpenseBenefit 548us-gaap_IncomeTaxExpenseBenefit (380)us-gaap_IncomeTaxExpenseBenefit
NET INCOME (LOSS) 2,056us-gaap_ProfitLoss 894us-gaap_ProfitLoss (594)us-gaap_ProfitLoss
Net income attributable to noncontrolling interests (139)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (170)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (175)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
NET INCOME (LOSS) ATTRIBUTABLE TO CHESAPEAKE 1,917us-gaap_NetIncomeLoss 724us-gaap_NetIncomeLoss (769)us-gaap_NetIncomeLoss
Preferred stock dividends (171)us-gaap_DividendsPreferredStock (171)us-gaap_DividendsPreferredStock (171)us-gaap_DividendsPreferredStock
Redemption of preferred shares of a subsidiary (447)us-gaap_PreferredStockRedemptionPremium (69)us-gaap_PreferredStockRedemptionPremium 0us-gaap_PreferredStockRedemptionPremium
Earnings allocated to participating securities (26)us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic (10)us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic 0us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
NET INCOME (LOSS) AVAILABLE TO COMMON STOCKHOLDERS $ 1,273us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 474us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (940)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
EARNINGS (LOSS) PER COMMON SHARE:      
Earnings Per Share, Basic $ 1.93us-gaap_EarningsPerShareBasic $ 0.73us-gaap_EarningsPerShareBasic $ (1.46)us-gaap_EarningsPerShareBasic
Earnings Per Share, Diluted $ 1.87us-gaap_EarningsPerShareDiluted $ 0.73us-gaap_EarningsPerShareDiluted $ (1.46)us-gaap_EarningsPerShareDiluted
CASH DIVIDEND DECLARED PER COMMON SHARE $ 0.35us-gaap_CommonStockDividendsPerShareDeclared $ 0.35us-gaap_CommonStockDividendsPerShareDeclared $ 0.35us-gaap_CommonStockDividendsPerShareDeclared
WEIGHTED AVERAGE COMMON AND COMMON EQUIVALENT SHARES OUTSTANDING (in millions):      
Weighted Average Number of Shares Outstanding, Basic 659us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 653us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 643us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Weighted Average Number of Shares Outstanding, Diluted 772us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 653us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 643us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding