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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
REVENUES AND OTHER:    
Revenues $ 2,196 $ 2,524 [1]
Gains on sales of assets 19 19 [1],[2]
OPERATING EXPENSES:    
Production taxes 34 31 [1]
General and administrative 103 87 [1]
Restructuring and other termination costs 0 38 [1]
Provision for legal contingencies, net 0 5 [1]
Depreciation, depletion and amortization 519 459 [1],[2]
Impairments 1 10 [1],[2]
Other operating expense 61 0 [1]
Total Operating Expenses 2,378 2,482 [1]
INCOME (LOSS) FROM OPERATIONS (182) 42 [1]
OTHER INCOME (EXPENSE):    
Interest expense (161) (162) [1]
Gains (losses) on investments (1) 139 [1]
Other income (expense) 9 (1) [1]
Total Other Expense (153) (24) [1]
INCOME (LOSS) BEFORE INCOME TAXES (335) 18 [1]
Income tax benefit (314) 0 [1]
NET INCOME (LOSS) (21) 18 [2],[3]
Net income attributable to noncontrolling interests 0 (1) [3]
NET INCOME (LOSS) ATTRIBUTABLE TO CHESAPEAKE (21) 17 [1]
Preferred stock dividends (23) (23) [1]
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS $ (44) $ (6) [1]
EARNINGS (LOSS) PER COMMON SHARE:    
Basic (in dollars per share) $ (0.03) $ (0.01) [1]
Diluted (in dollars per share) $ (0.03) $ (0.01) [1]
WEIGHTED AVERAGE COMMON AND COMMON EQUIVALENT SHARES OUTSTANDING (in millions):    
Basic (in shares) 1,380 907 [1]
Diluted (in shares) 1,380 907 [1]
Oil, natural gas and NGL    
REVENUES AND OTHER:    
Revenues $ 929 $ 1,243 [1]
Marketing    
REVENUES AND OTHER:    
Revenues 1,233 1,246 [1]
OPERATING EXPENSES:    
Expense 1,230 1,268 [1]
Oil, natural gas and NGL and Marketing    
REVENUES AND OTHER:    
Revenues 2,162 2,489 [1]
Other    
REVENUES AND OTHER:    
Revenues 15 16 [1]
Oil, natural gas and NGL production    
OPERATING EXPENSES:    
Expense 132 147 [1]
Oil, natural gas and NGL gathering, processing and transportation    
OPERATING EXPENSES:    
Expense 274 356 [1]
Exploration    
OPERATING EXPENSES:    
Expense $ 24 $ 81 [1]
[1] Financial information for 2018 has been recast to reflect the retrospective application of the successful efforts method of accounting. See Note 1.
[2] Financial information for 2018 has been recast to reflect the retrospective application of the successful efforts method of accounting. See Note 1.
[3] Financial information for 2018 has been recast to reflect the retrospective application of the successful efforts method of accounting. See Note 1.