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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents ($24 and $6 related to Altus VIE) $ 262 $ 247
Receivables, net of allowance of $95 and $88 908 1,062
Other current assets (Note 5) ($5 and $5 related to Altus VIE) 676 652
Total current assets 1,846 1,961
Oil and gas, on the basis of successful efforts accounting:    
Proved properties 41,217 40,540
Unproved properties and properties under development 602 666
Gathering, processing, and transmission facilities ($206 and $203 related to Altus VIE) 670 799
Other ($3 and $4 related to Altus VIE) 1,140 1,140
Property and equipment, gross 43,629 43,145
Less: Accumulated depreciation, depletion, and amortization ($13 and $1 related to Altus VIE) (34,810) (28,987)
Property and equipment, net 8,819 14,158
OTHER ASSETS:    
Equity method interests (Note 6) ($1,555 and $1,258 related to Altus VIE) 1,555 1,258
Deferred charges and other ($5 and $4 related to Altus VIE) 526 730
Total assets 12,746 18,107
CURRENT LIABILITIES:    
Accounts payable 444 695
Current debt (nil and $10 related to Altus VIE) 2 11
Other current liabilities (Note 7) ($4 and $21 related to Altus VIE) 862 1,149
Total current liabilities 1,308 1,855
LONG-TERM DEBT (Note 9) ($624 and $396 related to Altus VIE) 8,770 8,555
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:    
Income taxes 215 346
Asset retirement obligation ($64 and $60 related to Altus VIE) 1,888 1,811
Other ($144 and $107 related to Altus VIE) 602 520
Total deferred credits and other noncurrent liabilities 2,705 2,677
COMMITMENTS AND CONTINGENCIES (Note 11)
REDEEMABLE NONCONTROLLING INTEREST - ALTUS PREFERRED UNIT LIMITED PARTNERS (Note 13) 608 555
EQUITY (DEFICIT):    
Common stock, $0.625 par, 860,000,000 shares authorized, 418,429,375 and 417,026,863 shares issued, respectively 262 261
Paid-in capital 11,735 11,769
Accumulated deficit (10,461) (5,601)
Treasury stock, at cost, 40,946,745 and 40,964,193 shares, respectively (3,189) (3,190)
Accumulated other comprehensive income 14 16
APACHE SHAREHOLDERS’ EQUITY (DEFICIT) (1,639) 3,255
TOTAL EQUITY (DEFICIT) (645) 4,465
TOTAL LIABILITIES AND EQUITY $ 12,746 $ 18,107
Common stock, par value (in USD per share) $ 0.625 $ 0.625
Common stock, shares authorized (in shares) 860,000,000 860,000,000
Common stock, shares issued (in shares) 418,429,375 417,026,863
Treasury stock, shares (in shares) 40,946,745 40,964,193
Variable Interest Entity, Primary Beneficiary    
CURRENT ASSETS:    
Cash and cash equivalents ($24 and $6 related to Altus VIE) $ 24 $ 6
Receivables, net of allowance of $95 and $88 95 88
Other current assets (Note 5) ($5 and $5 related to Altus VIE) 5 5
Oil and gas, on the basis of successful efforts accounting:    
Gathering, processing, and transmission facilities ($206 and $203 related to Altus VIE) 206 203
Other ($3 and $4 related to Altus VIE) 3 4
Less: Accumulated depreciation, depletion, and amortization ($13 and $1 related to Altus VIE) (13) (1)
OTHER ASSETS:    
Equity method interests (Note 6) ($1,555 and $1,258 related to Altus VIE) 1,555 1,258
Deferred charges and other ($5 and $4 related to Altus VIE) 5 4
CURRENT LIABILITIES:    
Current debt (nil and $10 related to Altus VIE) 0 10
Other current liabilities (Note 7) ($4 and $21 related to Altus VIE) 4 21
LONG-TERM DEBT (Note 9) ($624 and $396 related to Altus VIE) 624 396
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:    
Asset retirement obligation ($64 and $60 related to Altus VIE) 64 60
Other ($144 and $107 related to Altus VIE) 144 107
Noncontrolling Interest, Egypt    
EQUITY (DEFICIT):    
Noncontrolling interest 925 1,137
Noncontrolling Interest, Altus    
EQUITY (DEFICIT):    
Noncontrolling interest $ 69 $ 73