Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015	[2]
CURRENT ASSETS:
Cash and cash equivalents	$ 1,377	$ 1,467	[1]
Receivables, net of allowance	1,128	1,253
Inventories	476	570
Drilling advances	81	172
Prepaid assets and other	179	290
Total current assets	3,241	3,752
Oil and gas, on the basis of successful efforts accounting:
Proved properties	42,693	41,728
Unproved properties and properties under development	1,969	2,277
Gathering, transmission, and processing facilities	976	1,052
Other	1,111	1,093
Property and equipment, gross	46,749	46,150
Less: Accumulated depreciation, depletion, and amortization	(27,882)	(25,312)
Property and equipment, net	18,867	20,838
OTHER ASSETS:
Deferred charges and other	411	910
Total assets	22,519	25,500
CURRENT LIABILITIES:
Accounts payable	585	618
Other current liabilities	1,258	1,223
Total current liabilities	1,843	1,841
Long-term debt	8,544	8,716
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:
Income taxes	1,710	2,529
Asset retirement obligation	2,432	2,562
Other	311	362
Total deferred credits and other noncurrent liabilities	4,453	5,453
COMMITMENTS AND CONTINGENCIES (Note 10)
EQUITY:
Common stock, $0.625 par, 860,000,000 shares authorized, 412,612,102 and 411,218,105 shares issued, respectively	258	257
Paid-in capital	12,364	12,619
Accumulated deficit	(3,385)	(1,980)
Treasury stock, at cost, 33,172,426 and 33,183,930 shares, respectively	(2,887)	(2,889)
Accumulated other comprehensive loss	(112)	(119)
APACHE SHAREHOLDERS’ EQUITY	6,238	7,888
Noncontrolling interest	1,441	1,602
TOTAL EQUITY	7,679	9,490	[3]
TOTAL LIABILITIES AND EQUITY	$ 22,519	$ 25,500

[1] Financial information for 2015 and 2014 has been recast to reflect retrospective application of the successful efforts method of accounting. See Note 1.

[2] Financial information for 2015 has been recast to reflect retrospective application of the successful efforts method of accounting. See Note 1.

[3] Financial information for 2015, 2014, and 2013 has been recast to reflect retrospective application of the successful efforts method of accounting. See Note 1.