CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
REVENUES:
Oil, natural gas and NGL	$ 880	$ 2,341	$ 2,693	$ 5,812
Marketing, gathering and compression	2,013	3,362	5,993	9,543
Oilfield services	0	0	0	546
Total Revenues	2,893	5,703	8,686	15,901
OPERATING EXPENSES:
Oil, natural gas and NGL production	251	298	826	868
Production taxes	25	62	87	185
Marketing, gathering and compression	1,955	3,369	5,751	9,515
Oilfield services	0	0	0	431
General and administrative	49	60	174	229
Restructuring and other termination costs	53	(14)	39	12
Provision for legal contingencies	0	100	359	100
Oil, natural gas and NGL depreciation, depletion and amortization	488	688	1,773	1,977
Depreciation and amortization of other assets	31	37	100	194
Impairment of oil and natural gas properties	5,416	0	15,407	0
Impairments of fixed assets and other	79	15	167	75
Net (gains) losses on sales of fixed assets	(1)	(86)	3	(201)
Total Operating Expenses	8,346	4,529	24,686	13,385
INCOME (LOSS) FROM OPERATIONS	(5,453)	1,174	(16,000)	2,516
OTHER INCOME (EXPENSE):
Interest expense	(88)	(17)	(210)	(82)
Losses on investments	(33)	(27)	(57)	(72)
Net gain on sales of investments	0	0	0	67
Losses on purchases of debt	0	0	0	(195)
Other income (expense)	(2)	(1)	3	12
Total Other Expense	(123)	(45)	(264)	(270)
INCOME (LOSS) BEFORE INCOME TAXES	(5,576)	1,129	(16,264)	2,246
INCOME TAX EXPENSE (BENEFIT):
Current income taxes	0	2	(6)	10
Deferred income taxes	(937)	435	(3,808)	849
Total Income Tax Expense (Benefit)	(937)	437	(3,814)	859
NET INCOME (LOSS)	(4,639)	692	(12,450)	1,387
Net income attributable to noncontrolling interests	(13)	(30)	(50)	(110)
NET INCOME (LOSS) ATTRIBUTABLE TO CHESAPEAKE	(4,652)	662	(12,500)	1,277
Preferred stock dividends	(43)	(43)	(128)	(128)
Repurchase of preferred shares of CHK Utica	0	(447)	0	(447)
Earnings allocated to participating securities	0	(3)	0	(15)
NET INCOME (LOSS) AVAILABLE TO COMMON STOCKHOLDERS	$ (4,695)	$ 169	$ (12,628)	$ 687
EARNINGS (LOSS) PER COMMON SHARE:
Earnings Per Share, Basic	$ (7.08)	$ 0.26	$ (19.07)	$ 1.04
Earnings Per Share, Diluted	(7.08)	0.26	(19.07)	1.04
CASH DIVIDEND DECLARED PER COMMON SHARE	$ 0.0000	$ 0.0875	$ 0.0875	$ 0.2625
WEIGHTED AVERAGE COMMON AND COMMON EQUIVALENT SHARES OUTSTANDING (in millions):
Weighted Average Number of Shares Outstanding, Basic	663	660	662	659
Weighted Average Number of Shares Outstanding, Diluted	663	660	662	659