Segment Information

As of September 30, 2017, we have two reportable operating segments. Our exploration and production operating segment is responsible for finding and producing oil, natural gas and NGL, while our marketing, gathering and compression operating segment is responsible for marketing, gathering and compression of oil, natural gas and NGL.

Revenues from the sale of oil, natural gas and NGL related to Chesapeake’s ownership interests by our marketing, gathering and compression operating segment are reflected as revenues within our exploration and production operating segment. These amounts totaled $1.030 billion, $1.025 billion, $3.200 billion and $2.656 billion for the Current Quarter, the Prior Quarter, the Current Period and the Prior Period, respectively.

The following table presents selected financial information for Chesapeake’s operating segments:



	Exploration and Production			Marketing, Gathering and Compression			Other			Intercompany Eliminations			Consolidated Total
	($ in millions)
Three Months Ended September 30, 2017
Revenues	$	979		$	1,994		$	—		$	(1,030	)	$	1,943
Intersegment revenues	—			(1,030		)	—			1,030			—
Total Revenues	$	979		$	964		$	—		$	—		$	1,943
Income (Loss) Before Income Taxes	$	(14	)	$	7		$	(10	)	$	—		$	(17	)

Three Months Ended September 30, 2016
Revenues	$	1,177		$	2,124		$	—		$	(1,025	)	$	2,276
Intersegment revenues	—			(1,025		)	—			1,025			—
Total Revenues	$	1,177		$	1,099		$	—		$	—		$	2,276
Income (Loss) Before Income Taxes (as previously reported)	$	(710	)	$	(211	)	$	(231	)	$	(2	)	$	(1,154	)
Income (Loss) Before Income Taxes (as revised)^(a)	$	(642	)	$	(339	)	$	(231	)	$	(2	)	$	(1,214	)

Nine Months Ended September 30, 2017
Revenues	$	3,727		$	6,450		$	—		$	(3,200	)	$	6,977
Intersegment revenues	—			(3,200		)	—			3,200			—
Total Revenues	$	3,727		$	3,250		$	—		$	—		$	6,977
Income (Loss) Before Income Taxes	$	1,094		$	(440	)	$	(32	)	$	(1	)	$	621



	Exploration and Production			Marketing, Gathering and Compression			Other			Intercompany Eliminations			Consolidated Total
	($ in millions)
Nine Months Ended September 30, 2016
Revenues	$	2,610		$	5,897		$	—		$	(2,656	)	$	5,851
Intersegment revenues	—			(2,656		)	—			2,656			—
Total Revenues	$	2,610		$	3,241		$	—		$	—		$	5,851
Income (Loss) Before Income Taxes (as previously reported)	$	(3,360	)	$	(215	)	$	(248	)	$	(2	)	$	(3,825	)
Income (Loss) Before Income Taxes (as revised)^(a)	$	(3,465	)	$	(343	)	$	(248	)	$	(2	)	$	(4,058	)

As of September 30, 2017
Total Assets	$	10,451		$	923		$	994		$	(387	)	$	11,981
As of December 31, 2016
Total Assets	$	11,249		$	1,118		$	1,059		$	(398	)	$	13,028

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(a)	We have revised the amounts presented in the Prior Quarter and the Prior Period. The impact of the errors was not material to any previously issued financial statements.