CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
REVENUES:
Oil, natural gas and NGL	$ 728	$ 1,704	$ 1,813	$ 3,471
Marketing, gathering and compression	2,305	3,167	3,980	6,182
Oilfield services	0	281	0	545
Total Revenues	3,033	5,152	5,793	10,198
OPERATING EXPENSES:
Oil, natural gas and NGL production	276	282	575	570
Production taxes	34	72	62	122
Marketing, gathering and compression	2,096	3,166	3,796	6,147
Oilfield services	0	212	0	431
General and administrative	69	90	125	169
Restructuring and other termination costs	(4)	33	(14)	26
Provision for legal contingencies	334	0	359	0
Oil, natural gas and NGL depreciation, depletion and amortization	601	661	1,285	1,288
Depreciation and amortization of other assets	34	79	69	157
Impairment of oil and natural gas properties	5,015	0	9,991	0
Impairments of fixed assets and other	84	40	88	60
Net (gains) losses on sales of fixed assets	1	(93)	4	(115)
Total Operating Expenses	8,540	4,542	16,340	8,855
INCOME (LOSS) FROM OPERATIONS	(5,507)	610	(10,547)	1,343
OTHER INCOME (EXPENSE):
Interest expense	(71)	(27)	(122)	(66)
Losses on investments	(17)	(24)	(24)	(45)
Net gain on sales of investments	0	0	0	67
Losses on purchases of debt	0	(195)	0	(195)
Other income (expense)	(1)	7	5	13
Total Other Expense	(89)	(239)	(141)	(226)
INCOME (LOSS) BEFORE INCOME TAXES	(5,596)	371	(10,688)	1,117
INCOME TAX EXPENSE (BENEFIT):
Current income taxes	(6)	5	(6)	8
Deferred income taxes	(1,500)	136	(2,872)	413
Total Income Tax Expense (Benefit)	(1,506)	141	(2,878)	421
NET INCOME (LOSS)	(4,090)	230	(7,810)	696
Net income attributable to noncontrolling interests	(18)	(39)	(37)	(80)
NET INCOME (LOSS) ATTRIBUTABLE TO CHESAPEAKE	(4,108)	191	(7,847)	616
Preferred stock dividends	(43)	(43)	(86)	(86)
Earnings allocated to participating securities	0	(3)	0	(12)
NET INCOME (LOSS) AVAILABLE TO COMMON STOCKHOLDERS	$ (4,151)	$ 145	$ (7,933)	$ 518
EARNINGS (LOSS) PER COMMON SHARE:
Earnings Per Share, Basic	$ (6.27)	$ 0.22	$ (11.99)	$ 0.79
Earnings Per Share, Diluted	(6.27)	0.22	(11.99)	0.78
CASH DIVIDEND DECLARED PER COMMON SHARE	$ 0.0000	$ 0.0875	$ 0.0875	$ 0.1750
WEIGHTED AVERAGE COMMON AND COMMON EQUIVALENT SHARES OUTSTANDING (in millions):
Weighted Average Number of Shares Outstanding, Basic	662	659	662	658
Weighted Average Number of Shares Outstanding, Diluted	662	659	662	760