CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
REVENUES:
Oil, natural gas and NGL	$ 993	$ 1,543
Marketing, gathering and compression	960	1,675
Total Revenues	1,953	3,218
OPERATING EXPENSES:
Oil, natural gas and NGL production	206	299
Oil, natural gas and NGL gathering, processing and transportation	482	458
Production taxes	18	28
Marketing, gathering and compression	942	1,700
General and administrative	48	56
Restructuring and other termination costs	0	(10)
Provision for legal contingencies	22	25
Oil, natural gas and NGL depreciation, depletion and amortization	271	684
Depreciation and amortization of other assets	29	35
Impairment of oil and natural gas properties	853	4,976
Impairments of fixed assets and other	38	4
Net (gains) losses on sales of fixed assets	(4)	3
Total Operating Expenses	2,905	8,258
LOSS FROM OPERATIONS	(952)	(5,040)
OTHER INCOME (EXPENSE):
Interest expense	(62)	(51)
Losses on investments	0	(7)
Loss on sale of investment	(10)	0
Gains on purchases or exchanges of debt	100	0
Other income	3	6
Total Other Income (Expense)	31	(52)
LOSS BEFORE INCOME TAXES	(921)	(5,092)
INCOME TAX BENEFIT:
Current income taxes	0	0
Deferred income taxes	0	(1,372)
Total Income Tax Benefit	0	(1,372)
NET LOSS	(921)	(3,720)
Net income attributable to noncontrolling interests	0	(19)
NET LOSS ATTRIBUTABLE TO CHESAPEAKE	(921)	(3,739)
Preferred stock dividends	(43)	(43)
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS	$ (964)	$ (3,782)
LOSS PER COMMON SHARE:
Earnings Per Share, Basic	$ (1.44)	$ (5.72)
Earnings Per Share, Diluted	(1.44)	(5.72)
CASH DIVIDEND DECLARED PER COMMON SHARE	$ 0.00	$ 0.0875
WEIGHTED AVERAGE COMMON AND COMMON EQUIVALENT SHARES OUTSTANDING (in millions):
Weighted Average Number of Shares Outstanding, Basic	668	661
Weighted Average Number of Shares Outstanding, Diluted	668	661