v2.4.0.8
Segment Information (Tables)
6 Months Ended
Jun. 30, 2014
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
The following table presents selected financial information for Chesapeake’s operating segments:
 
 
Exploration
and
Production
 
Marketing,
Gathering
and
Compression 
 
Former
Oilfield
Services  
 
Other  
 
Intercompany
Eliminations
 
Consolidated 
Total
 
 
($ in millions)
Three Months Ended
June 30, 2014:
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
1,704

 
$
5,355

 
$
552

 
$
3

 
$
(2,462
)
 
$
5,152

Intersegment revenues
 

 
(2,188
)
 
(274
)
 

 
2,462

 

Total revenues
 
$
1,704

 
$
3,167

 
$
278

 
$
3

 
$

 
$
5,152

 
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) Before
Income Taxes
 
$
410

 
$
109

 
$
19

 
$
(20
)
 
$
(147
)
 
$
371

 
 


 


 


 


 


 


Three Months Ended
June 30, 2013:
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
2,406

 
$
3,990

 
$
582

 
$
14

 
$
(2,317
)
 
$
4,675

Intersegment revenues
 

 
(1,933
)
 
(377
)
 
(7
)
 
2,317

 

Total revenues
 
$
2,406

 
$
2,057

 
$
205

 
$
7

 
$

 
$
4,675

 
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) Before
Income Taxes
 
$
1,162

 
$
158

 
$
4

 
$
(213
)
 
$
(102
)
 
$
1,009

 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended
June 30, 2014:
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
3,471

 
$
10,777

 
$
1,060

 
$
30

 
$
(5,140
)
 
$
10,198

Intersegment revenues
 

 
(4,596
)
 
(544
)
 

 
5,140

 

Total revenues
 
$
3,471

 
$
6,181

 
$
516

 
$
30

 
$

 
$
10,198

 
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) Before
Income Taxes
 
$
1,098

 
$
213

 
$
(16
)
 
$
39

 
$
(217
)
 
$
1,117

 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended
June 30, 2013:
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
3,858

 
$
7,516

 
$
1,127

 
$
23

 
$
(4,426
)
 
$
8,098

Intersegment revenues
 

 
(3,678
)
 
(735
)
 
(13
)
 
4,426

 

Total revenues
 
$
3,858

 
$
3,838

 
$
392

 
$
10

 
$

 
$
8,098

 
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) Before
Income Taxes
 
$
625

 
$
272

 
$
26

 
$
451

 
$
(200
)
 
$
1,174

 
 
 
 
 
 
 
 
 
 
 
 
 
As of
June 30, 2014:
 
 
 
 
 
 
 
 
 
 
 
 
Total Assets
 
$
35,527

 
$
2,334

 
$
50

 
$
5,283

 
$
(2,067
)
 
$
41,127

As of
December 31, 2013:
 
 
 
 
 
 
 
 
 
 
 
 
Total Assets
 
$
35,341

 
$
2,430

 
$
2,018

 
$
5,750

 
$
(3,757
)
 
$
41,782