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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
REVENUES:        
Natural gas, oil and NGL $ 1,704 $ 2,406 $ 3,471 $ 3,858
Marketing, gathering and compression 3,167 2,057 6,182 3,838
Oilfield services 281 212 545 402
Total Revenues 5,152 4,675 10,198 8,098
OPERATING EXPENSES:        
Natural gas, oil and NGL production 282 288 570 595
Production taxes 72 59 122 112
Marketing, gathering and compression 3,166 2,028 6,147 3,772
Oilfield services 212 177 431 332
General and administrative 90 106 169 216
Restructuring and other termination costs 33 7 26 140
Natural gas, oil and NGL depreciation, depletion and amortization 661 645 1,288 1,293
Depreciation and amortization of other assets 79 76 157 154
Impairments of fixed assets and other 40 231 60 258
Net gains on sales of fixed assets (93) (109) (115) (158)
Total Operating Expenses 4,542 3,508 8,855 6,714
INCOME FROM OPERATIONS 610 1,167 1,343 1,384
OTHER INCOME (EXPENSE):        
Interest expense (27) (104) (66) (124)
Earnings (losses) on investments (24) 23 (45) (14)
Net gain (loss) on sales of investments 0 (10) 67 (10)
Losses on purchases of debt (195) (70) (195) (70)
Other income 7 3 13 8
Total Other Expense (239) (158) (226) (210)
INCOME BEFORE INCOME TAXES 371 1,009 1,117 1,174
INCOME TAX EXPENSE        
Current income taxes 5 2 8 3
Deferred income taxes 136 382 413 443
Total Income Tax Expense 141 384 421 446
NET INCOME 230 625 696 728
Net income attributable to noncontrolling interests (39) (45) (80) (89)
NET INCOME ATTRIBUTABLE TO CHESAPEAKE 191 580 616 639
Preferred stock dividends (43) (43) (86) (86)
Premium on purchase of preferred shares of a subsidiary 0 (69) 0 (69)
Earnings allocated to participating securities (3) (11) (12) (11)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 145 $ 457 $ 518 $ 473
EARNINGS PER COMMON SHARE:        
Earnings Per Share, Basic $ 0.22 $ 0.70 $ 0.79 $ 0.72
Earnings Per Share, Diluted $ 0.22 $ 0.66 $ 0.78 $ 0.72
CASH DIVIDEND DECLARED PER COMMON SHARE $ 0.0875 $ 0.0875 $ 0.1750 $ 0.1750
WEIGHTED AVERAGE COMMON AND COMMON EQUIVALENT SHARES OUTSTANDING (in millions):        
Weighted Average Number of Shares Outstanding, Basic 659 653 658 653
Weighted Average Number of Shares Outstanding, Diluted 659 760 760 653