CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
REVENUES:
Oil, natural gas and NGL	$ 3,288	$ 5,391	$ 10,354
Marketing, gathering and compression	4,584	7,373	12,225
Oilfield services	0	0	546
Total Revenues	7,872	12,764	23,125
OPERATING EXPENSES:
Oil, natural gas and NGL production	710	1,046	1,208
Oil, natural gas and NGL gathering, processing and transportation	1,855	2,119	2,174
Production taxes	74	99	232
Marketing, gathering and compression	4,778	7,130	12,236
Oilfield services	0	0	431
General and administrative	240	235	322
Restructuring and other termination costs	6	36	7
Provision for legal contingencies	123	353	234
Oil, natural gas and NGL depreciation, depletion and amortization	1,003	2,099	2,683
Depreciation and amortization of other assets	104	130	232
Impairment of oil and natural gas properties	2,564	18,238	0
Impairments of fixed assets and other	838	194	88
Net (gains) losses on sales of fixed assets	(12)	4	(199)
Total Operating Expenses	12,283	31,683	19,648
INCOME (LOSS) FROM OPERATIONS	(4,411)	(18,919)	3,477
OTHER INCOME (EXPENSE):
Interest expense	(296)	(317)	(89)
Losses on investments	(8)	(96)	(75)
Impairments of investments	(119)	(53)	(5)
Net gain (loss) on sales of investments	(10)	0	67
Gains (losses) on purchases or exchanges of debt	236	279	(197)
Other income	19	8	22
Total Other Expense	(178)	(179)	(277)
INCOME (LOSS) BEFORE INCOME TAXES	(4,589)	(19,098)	3,200
INCOME TAX EXPENSE (BENEFIT):
Current income taxes	(19)	(36)	47
Deferred income taxes	(171)	(4,427)	1,097
Total Income Tax Expense (Benefit)	(190)	(4,463)	1,144
NET INCOME (LOSS)	(4,399)	(14,635)	2,056
Net income attributable to noncontrolling interests	(2)	(50)	(139)
NET INCOME (LOSS) ATTRIBUTABLE TO CHESAPEAKE	(4,401)	(14,685)	1,917
Preferred stock dividends	(97)	(171)	(171)
Loss on exchange of preferred stock	(428)	0	0
Repurchase of preferred shares of CHK Utica	0	0	(447)
Earnings allocated to participating securities	0	0	(26)
NET INCOME (LOSS) AVAILABLE TO COMMON STOCKHOLDERS	$ (4,926)	$ (14,856)	$ 1,273
EARNINGS (LOSS) PER COMMON SHARE:
Earnings Per Share, Basic	$ (6.45)	$ (22.43)	$ 1.93
Earnings Per Share, Diluted	(6.45)	(22.43)	1.87
CASH DIVIDEND DECLARED PER COMMON SHARE	$ 0	$ 0.0875	$ 0.35
WEIGHTED AVERAGE COMMON AND COMMON EQUIVALENT SHARES OUTSTANDING (in millions):
Weighted Average Number of Shares Outstanding, Basic	764	662	659
Weighted Average Number of Shares Outstanding, Diluted	764	662	772