BUSINESS SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

BUSINESS SEGMENT INFORMATION

10. BUSINESS SEGMENT INFORMATION

Apache is engaged in a single line of business. Both domestically and internationally, the Company explores for, develops, and produces natural gas, crude oil and natural gas liquids. At June 30, 2014, the Company had production in five countries: the United States, Canada, Egypt, Australia, and the United Kingdom (U.K.) North Sea. Apache also pursues exploration interests in other countries that may, over time, result in reportable discoveries and development opportunities. Financial information for each country is presented below:

	United States		Canada		Egypt(2)		Australia		North Sea			Other International		Total
	(In millions)
For the Quarter Ended
June 30, 2014
Oil and Gas Production Revenues	$	1,529	$	293	$	989	$	237	$	660		$	—	$	3,708
Operating Income (Loss) (1)	$	679	$	47	$	585	$	74	$	(39	)	$	—	$	1,346
Other Income (Expense):
Derivative instrument gains (losses), net															(174	)
Other															(50	)
General and administrative															(94	)
Acquisition, divestiture, and separation costs															(14	)
Financing costs, net															(35	)
Income Before Income Taxes														$	979
For the Six Months Ended
June 30, 2014
Oil and Gas Production Revenues	$	3,034	$	611	$	1,939	$	493	$	1,278		$	—	$	7,355
Operating Income (Loss) (1)	$	1,342	$	119	$	1,121	$	169	$	144		$	—	$	2,895
Other Income (Expense):
Derivative instrument gains (losses), net															(194	)
Other															(2	)
General and administrative															(199	)
Acquisition, divestiture, and separation costs															(30	)
Financing costs, net															(62	)
Income Before Income Taxes														$	2,408
Total Assets	$	31,547	$	6,842	$	7,264	$	8,763	$	6,713		$	42	$	61,171
For the Quarter Ended
June 30, 2013
Oil and Gas Production Revenues(3)	$	1,836	$	329	$	893	$	291	$	652		$	—	$	4,001
Operating Income (Loss)(1)(3)	$	712	$	14	$	512	$	119	$	202		$	—	$	1,559
Other Income (Expense):
Derivative instrument gains (losses), net															247
Other															20
General and administrative															(126	)
Financing costs, net															(52	)
Income Before Income Taxes(3)														$	1,648
For the Six Months Ended
June 30, 2013
Oil and Gas Production Revenues(3)	$	3,513	$	627	$	1,902	$	588	$	1,392		$	—	$	8,022
Operating Income (Loss) (1)(3)	$	1,298	$	11	$	1,170	$	254	$	448		$	—	$	3,181
Other Income (Expense):
Derivative instrument gains (losses), net															147
Other															45
General and administrative															(238	)
Financing costs, net															(107	)
Income Before Income Taxes(3)														$	3,028
Total Assets(3)	$	33,376	$	6,927	$	6,951	$	7,124	$	7,114		$	130	$	61,622

⁽¹⁾  Operating Income (Loss) consists of oil and gas production revenues less depreciation, depletion and amortization, asset retirement obligation accretion, lease operating expenses, gathering and transportation costs, and taxes other than income. North Sea’s operating income (loss) for the second quarter and first six months of 2014 includes a $203 million non-cash write-down of the carrying value of oil and gas properties.

⁽²⁾  Includes a noncontrolling interest in Egypt for the quarter and six months ended June 30, 2014.

⁽³⁾  Amounts for 2013 have been recast to exclude discontinued operations.