CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
REVENUES:
Natural gas, oil and NGL	$ 1,766	$ 1,453
Marketing, gathering and compression	3,015	1,781
Oilfield services	265	190
Total Revenues	5,046	3,424
OPERATING EXPENSES:
Natural gas, oil and NGL production	288	307
Production taxes	50	53
Marketing, gathering and compression	2,980	1,745
Oilfield services	220	155
General and administrative	79	110
Restructuring and other termination costs	(7)	133
Natural gas, oil and NGL depreciation, depletion and amortization	628	648
Depreciation and amortization of other assets	78	78
Impairments of fixed assets and other	20	27
Net gains on sales of fixed assets	(23)	(49)
Total Operating Expenses	4,313	3,207
INCOME FROM OPERATIONS	733	217
OTHER INCOME (EXPENSE):
Interest expense	(39)	(21)
Losses on investments	(21)	(37)
Net gain on sales of investments	67	0
Other income	6	6
Total Other Income (Expense)	13	(52)
INCOME BEFORE INCOME TAXES	746	165
INCOME TAX EXPENSE
Current income taxes	3	1
Deferred income taxes	277	62
Total Income Tax Expense	280	63
NET INCOME	466	102
Net income attributable to noncontrolling interests	(41)	(44)
NET INCOME ATTRIBUTABLE TO CHESAPEAKE	425	58
Preferred stock dividends	(43)	(43)
Earnings allocated to participating securities	(8)	0
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS	$ 374	$ 15
EARNINGS PER COMMON SHARE:
Basic	$ 0.57	$ 0.02
Diluted	$ 0.54	$ 0.02
CASH DIVIDEND DECLARED PER COMMON SHARE	$ 0.0875	$ 0.0000
WEIGHTED AVERAGE COMMON AND COMMON EQUIVALENT SHARES OUTSTANDING (in millions):
Weighted Average Number of Shares Outstanding, Basic	658	651
Weighted Average Number of Shares Outstanding, Diluted	765	651