UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K Securities Registered Pursuant to Section 12(b) of the Act: ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2019 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 1-13726 CHESAPEAKE ENERGY CORPORATION (Exact name of registrant as specified in its charter) O ...

Financial Data and Key Metrics Changes - In Q4 2019, the company reported adjusted EBITDAX of $665 million, a 19% increase compared to the previous year despite lower commodity prices [16] - The company achieved a 14% increase in adjusted EBITDAX margin per equivalent barrel, even with average NYMEX realized prices for oil, gas, and NGLs being significantly lower [15] - The total oil production increased by 30% year-over-year, with oil revenues rising from 42% in 2018 to 56% in 2019 [15] Business Line Data and Key Metrics Changes - The successful integration of the Wild Horse acquisition contributed significantly to oil production growth, with the asset achieving positive free cash flow for the first time in Q4 2019 [17] - The company placed 81 wells on production in Brazos Valley, achieving a 6% year-over-year increase in oil production [18] - Average completed gross well costs for Lower Eagle Ford wells improved by 14% compared to 2018, with expectations for further declines in 2020 [18] Market Data and Key Metrics Changes - The company highlighted a challenging macro pricing environment, particularly for natural gas, with a softer commodity price outlook for 2020 [9] - Approximately 76% of oil production is hedged at $59.90 per barrel, and over 50% of gas production is protected with hedges at $2.76 per Mcf [24] Company Strategy and Development Direction - The company plans to reduce capital expenditures by approximately 30% year-over-year, targeting flat oil volumes and declining gas production in 2020 [10] - The focus for 2020 is on capital discipline and cash flow maximization, with a capital program set between $1.3 billion to $1.6 billion [25] - The company aims to further consolidate assets to capture additional value and efficiencies for shareholders [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to generate $300 million to $500 million from non-core asset sales to fund debt maturities and preserve liquidity [10] - The company is committed to achieving free cash flow neutrality in 2020, with a focus on reducing cash costs and maintaining higher margin oil volumes [25] - Management acknowledged the need for further industry consolidation and cost reductions to enhance competitiveness [52] Other Important Information - The company eliminated approximately $900 million in principal debt in Q4 2019, enhancing flexibility and liquidity [22] - The company has a liquidity position of approximately $1.4 billion, sufficient to cover 2020 and 2021 maturities [23] - Management plans to reverse split the number of shares to address the low stock price [11] Q&A Session Summary Question: On capital discipline and activity levels - Management confirmed that capital allocation is based on cash flow generation and maintaining production volumes, reflecting confidence in asset quality [28] Question: Potential non-core asset sales - Management indicated that there are significant non-core assets available for divestiture, with ongoing efforts to identify and execute these sales [30] Question: Marcellus activity and free cash flow expectations - Management affirmed that the Marcellus remains a strong asset with attractive returns, expecting free cash flow to be slightly below previous levels [32][38] Question: Liquidity position post-spring redetermination - Management expressed confidence in maintaining the current liquidity position, with significant collateral value supporting the credit facility [40][42] Question: Industry M&A opportunities - Management highlighted the need for further consolidation in the industry and the company's capability to execute on such opportunities [52][53]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Common Stock, par value $0.01 CHK New York Stock Exchange 6.625% Senior Notes due 2020 CHK20A New York Stock Exchange 6.875% Senior Notes due 2020 CHK20 New York Stock Exchange 6.125% Senior Notes due 2021 CHK21 New York Stock Exchange 5.375% Senior Notes due 2021 CHK21A New York Stock Exchange 4.875% Senior Notes due 2022 CHK22 New York Stock Exch ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Common Stock, par value $0.01 CHK New York Stock Exchange 6.625% Senior Notes due 2020 CHK20A New York Stock Exchange 6.875% Senior Notes due 2020 CHK20 New York Stock Exchange 6.125% Senior Notes due 2021 CHK21 New York Stock Exchange 5.375% Senior Notes due 2021 CHK21A New York Stock Exchange 4.875% Senior Notes due 2022 CHK22 New York Stock Exch ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities Registered Pursuant to Section 12(b) of the Act: FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2019 [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 1-13726 CHESAPEAKE ENERGY CORPORATION (Exact name of registrant as specified in its c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2018 [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 1-13726 CHESAPEAKE ENERGY CORPORATION (Exact name of registrant as specified in its charter) Oklahoma 73-1395733 (State or other jurisdiction of incor ...