CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
REVENUES:
Oil, natural gas and NGL	$ 1,469	$ 993
Marketing, gathering and compression	1,284	960
Total Revenues	2,753	1,953
OPERATING EXPENSES:
Oil, natural gas and NGL production	135	206
Oil, natural gas and NGL gathering, processing and transportation	355	482
Production taxes	22	18
Marketing, gathering and compression	1,328	942
General and administrative	65	48
Provision for legal contingencies	(2)	33
Oil, natural gas and NGL depreciation, depletion and amortization	197	263
Depreciation and amortization of other assets	21	29
Impairment of oil and natural gas properties	0	997
Impairments of fixed assets and other	391	38
Net gains on sales of fixed assets	0	(4)
Total Operating Expenses	2,512	3,052
INCOME (LOSS) FROM OPERATIONS	241	(1,099)
OTHER INCOME (EXPENSE):
Interest expense	(95)	(62)
Loss on sale of investment	0	(10)
Gains (losses) on purchases or exchanges of debt	(7)	100
Other income	3	3
Total Other Income (Expense)	(99)	31
INCOME (LOSS) BEFORE INCOME TAXES	142	(1,068)
Income Tax Expense	1	0
NET INCOME (LOSS)	141	(1,068)
Net income attributable to noncontrolling interests	(1)	0
NET INCOME (LOSS) ATTRIBUTABLE TO CHESAPEAKE	140	(1,068)
Preferred stock dividends	(23)	(43)
Loss on exchange of preferred stock	(41)	0
Earnings allocated to participating securities	(1)	0
NET INCOME (LOSS) AVAILABLE TO COMMON STOCKHOLDERS	$ 75	$ (1,111)
EARNINGS (LOSS) PER COMMON SHARE:
Earnings Per Share, Basic	$ 0.08	$ (1.66)
Earnings Per Share, Diluted	$ 0.08	$ (1.66)
WEIGHTED AVERAGE COMMON AND COMMON EQUIVALENT SHARES OUTSTANDING (in millions):
Weighted Average Number of Shares Outstanding, Basic	906	668
Weighted Average Number of Shares Outstanding, Diluted	907	668