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Quarterly Financial Data (unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Financial Information | Summarized unaudited quarterly financial data for 2020 and 2019 are as follows:
|  | 2020 First Quarter(a) |  | 2020 Second Quarter |  | 2020 Third Quarter |  | 2020 Fourth Quarter
|  | ($ in millions except per share data)
Total revenues |  | $ | 2,541 |  |  | $ | 521 |  |  | $ | 975 |  |  | $ | 1,259 |
Income (loss) from operations |  | $ | (8,227) |  |  | $ | (541) |  |  | $ | (111) |  |  | $ | 176 |
Net loss attributable to Chesapeake |  | $ | (8,297) |  |  | $ | (276) |  |  | $ | (745) |  |  | $ | (416) |
Net loss available to common stockholders |  | $ | (8,319) |  |  | $ | (276) |  |  | $ | (745) |  |  | $ | (416) |
Net loss per common share(b): |  |  |  |  |  |  |  |
Basic |  | $ | (852.97) |  |  | $ | (28.22) |  |  | $ | (76.18) |  |  | $ | (42.54) |
Diluted |  | $ | (852.97) |  |  | $ | (28.22) |  |  | $ | (76.18) |  |  | $ | (42.54) |
|  | 2019 First Quarter |  | 2019 Second Quarter |  | 2019 Third Quarter |  | 2019 Fourth Quarter
|  | ($ in millions except per share data)
Total revenues |  | $ | 2,196 |  |  | $ | 2,386 |  |  | $ | 2,087 |  |  | $ | 1,926 |
Income (loss) from operations |  | $ | (182) |  |  | $ | 278 |  |  | $ | 46 |  |  | $ | (173) |
Net income (loss) attributable to Chesapeake |  | $ | (21) |  |  | $ | 98 |  |  | $ | (61) |  |  | $ | (324) |
Net income (loss) available to common stockholders |  | $ | (44) |  |  | $ | 75 |  |  | $ | (101) |  |  | $ | (346) |
Net income (loss) per common share(b): |  |  |  |  |  |  |  |
Basic |  | $ | (6.37) |  |  | $ | 9.21 |  |  | $ | (11.89) |  |  | $ | (35.53) |
Diluted |  | $ | (6.37) |  |  | $ | 9.21 |  |  | $ | (11.89) |  |  | $ | (35.53) |
___________________________________________ (a)Includes $8.446 billion of impairment charges as a result of the decrease in demand for crude oil primarily due to COVID-19 and sharp decline in commodity prices related to the combined impact of falling demand and increases in production from OPEC+ which resulted in decreases in crude oil and NGL sales prices. (b)All per share information has been retroactively adjusted to reflect the 1-for-200 (1:200) reverse stock split effective April 14, 2020. See Note 11 for additional information.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121640914&loc=d3e1280-108306 + Details
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