CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
REVENUES:
Natural gas, oil and NGL	$ 1,586	$ 1,437	$ 5,444	$ 4,622
Marketing, gathering and compression	3,032	1,381	6,871	3,710
Oilfield services	249	152	650	446
Total Revenues	4,867	2,970	12,965	8,778
OPERATING EXPENSES:
Natural gas, oil and NGL production	282	320	877	1,005
Production taxes	62	53	173	141
Marketing, gathering and compression	3,009	1,339	6,781	3,631
Oilfield services	211	116	543	321
General and administrative	120	145	336	436
Restructuring Charges	63	3	203	4
Natural gas, oil and NGL depreciation, depletion and amortization	652	762	1,945	1,856
Depreciation and amortization of other assets	79	66	234	233
Impairment of natural gas and oil properties	0	3,315	0	3,315
Impairments of fixed assets and other	85	38	343	281
Net (gains) losses on sales of fixed assets	(132)	7	(290)	5
Total Operating Expenses	4,431	6,164	11,145	11,228
INCOME (LOSS) FROM OPERATIONS	436	(3,194)	1,820	(2,450)
OTHER INCOME (EXPENSE):
Interest expense	(40)	(36)	(164)	(63)
Losses on investments	(22)	(23)	(26)	(87)
Impairment of investment	0	0	(10)	0
Gains (losses) on sales of investments	3	31	(7)	1,061
Losses on purchases of debt	0	0	(70)	0
Other income (expense)	10	(9)	18	2
Total Other Income (Expense)	(49)	(37)	(259)	913
INCOME (LOSS) BEFORE INCOME TAXES	387	(3,231)	1,561	(1,537)
INCOME TAX EXPENSE (BENEFIT):
Current income taxes	7	22	9	24
Deferred income taxes	140	(1,282)	585	(623)
Total Income Tax Expense (Benefit)	147	(1,260)	594	(599)
NET INCOME (LOSS)	240	(1,971)	967	(938)
Net income attributable to noncontrolling interests	(38)	(41)	(127)	(131)
NET INCOME (LOSS) ATTRIBUTABLE TO CHESAPEAKE	202	(2,012)	840	(1,069)
Preferred stock dividends	(43)	(43)	(128)	(128)
Premium on purchase of preferred shares of a subsidiary	0	0	(69)	0
Earnings allocated to participating securities	(3)	0	(14)	0
NET INCOME (LOSS) AVAILABLE TO COMMON STOCKHOLDERS	$ 156	$ (2,055)	$ 629	$ (1,197)
EARNINGS (LOSS) PER COMMON SHARE:
Basic	$ 0.24	$ (3.19)	$ 0.96	$ (1.86)
Diluted	$ 0.24	$ (3.19)	$ 0.96	$ (1.86)
CASH DIVIDEND DECLARED PER COMMON SHARE	$ 0.0875	$ 0.0875	$ 0.2625	$ 0.2625
WEIGHTED AVERAGE COMMON AND COMMON EQUIVALENT SHARES OUTSTANDING (in millions):
Basic	656	644	654	643
Diluted	656	644	654	643