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BUSINESS SEGMENT INFORMATION (Tables)
9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Financial Segment Information
Financial information for each area is presented below:
 
 
United
States
 
Canada(1)
 
Egypt(2,3)
 
North Sea
 
Other
International
 
Total
 
 
(In millions)
For the Quarter Ended September 30, 2018
 
 
 
 
 
 
 
 
 
 
 

Oil revenues
 
$
583

 
$

 
$
669

 
$
303

 
$

 
$
1,555

Natural gas revenues
 
125

 

 
86

 
30

 

 
241

Natural gas liquids revenues
 
171

 

 
4

 
5

 

 
180

Total Oil and Gas Production Revenues
 
$
879

 
$

 
$
759

 
$
338

 
$

 
$
1,976

Operating Income (Loss)(4)
 
$
147

 
$

 
$
438

 
$
114

 
$
(1
)
 
$
698

Other Income (Expense):
 
 
 
 
 
 
 
 
 
 
 
 
Gain on divestitures, net
 
 
 
 
 
 
 
 
 
 
 
1

Derivative instrument losses, net
 
 
 
 
 
 
 
 
 
 
 
(23
)
Other(5)
 
 
 
 
 
 
 
 
 
 
 
29

General and administrative
 
 
 
 
 
 
 
 
 
 
 
(99
)
Transaction, reorganization, and separation
 
 
 
 
 
 
 
 
 
 
 
(8
)
Financing costs, net
 
 
 
 
 
 
 
 
 
 
 
(192
)
Income Before Income Taxes
 
 
 
 
 
 
 
 
 
 
 
$
406

 
 
 
 
 
 
 
 
 
 
 
 
 
For the Nine Months Ended September 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
Oil revenues
 
$
1,743

 
$

 
$
1,887

 
$
894

 
$

 
$
4,524

Natural gas revenues
 
331

 

 
263

 
81

 

 
675

Natural gas liquids revenues
 
421

 

 
11

 
14

 

 
446

Total Oil and Gas Production Revenues
 
$
2,495

 
$

 
$
2,161

 
$
989

 
$

 
$
5,645

Operating Income (Loss)(4)
 
$
523

 
$

 
$
1,176

 
$
327

 
$
(3
)
 
$
2,023

Other Income (Expense):
 
 
 
 
 
 
 
 
 
 
 
 
Gain on divestitures, net
 
 
 
 
 
 
 
 
 
 
 
10

Derivative instrument losses, net
 
 
 
 
 
 
 
 
 
 
 
(46
)
Other(5)
 
 
 
 
 
 
 
 
 
 
 
50

General and administrative
 
 
 
 
 
 
 
 
 
 
 
(330
)
Transaction, reorganization, and separation
 
 
 
 
 
 
 
 
 
 
 
(20
)
Financing costs, net
 
 
 
 
 
 
 
 
 
 
 
(385
)
Income Before Income Taxes
 
 
 
 
 
 
 
 
 
 
 
$
1,302

Total Assets
 
$
14,389

 
$

 
$
4,404

 
$
3,033

 
$
44

 
$
21,870

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
United
States
 
Canada(1)
 
Egypt(2)
 
North Sea
 
Other
International
 
Total
 
 
(In millions)
For the Quarter Ended September 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
Oil revenues
 
$
381

 
$
14

 
$
442

 
$
233

 
$

 
$
1,070

Natural gas revenues
 
97

 
19

 
98

 
24

 

 
238

Natural gas liquids revenues
 
72

 
3

 
3

 
3

 

 
81

Total Oil and Gas Production Revenues
 
$
550

 
$
36

 
$
543

 
$
260

 
$

 
$
1,389

Operating Income (Loss)(6)
 
$
(114
)
 
$
(1
)
 
$
226

 
$
16

 
$
(1
)
 
$
126

Other Income (Expense):
 
 
 
 
 
 
 
 
 
 
 
 
Gain on divestitures, net
 
 
 
 
 
 
 
 
 
 
 
296

Derivative instrument losses, net
 
 
 
 
 
 
 
 
 
 
 
(110
)
General and administrative
 
 
 
 
 
 
 
 
 
 
 
(98
)
Transaction, reorganization, and separation
 
 
 
 
 
 
 
 
 
 
 
(20
)
Financing costs, net
 
 
 
 
 
 
 
 
 
 
 
(101
)
Income Before Income Taxes
 
 
 
 
 
 
 
 
 
 
 
$
93

 
 
 
 
 
 
 
 
 
 
 
 
 
For the Nine Months Ended September 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
Oil revenues
 
$
1,133

 
$
110

 
$
1,351

 
$
698

 
$

 
$
3,292

Natural gas revenues
 
266

 
104

 
295

 
61

 

 
726

Natural gas liquids revenues
 
194

 
17

 
9

 
9

 

 
229

Total Oil and Gas Production Revenues
 
$
1,593

 
$
231

 
$
1,655

 
$
768

 
$

 
$
4,247

Operating Income (Loss)(6)
 
$
(71
)
 
$
(33
)
 
$
740

 
$
59

 
$
(24
)
 
$
671

Other Income (Expense):
 
 
 
 
 
 
 
 
 
 
 
 
Gain on divestitures, net
 
 
 
 
 
 
 
 
 
 
 
616

Derivative instrument losses, net
 
 
 
 
 
 
 
 
 
 
 
(69
)
Other
 
 
 
 
 
 
 
 
 
 
 
43

General and administrative
 
 
 
 
 
 
 
 
 
 
 
(307
)
Transaction, reorganization, and separation
 
 
 
 
 
 
 
 
 
 
 
(14
)
Financing costs, net
 
 
 
 
 
 
 
 
 
 
 
(300
)
Income Before Income Taxes
 
 
 
 
 
 
 
 
 
 
 
$
640

Total Assets
 
$
13,105

 
$

 
$
4,906

 
$
3,770

 
$
54

 
$
21,835

(1)
Apache exited its Canadian operations in the third quarter of 2017.
(2)
Includes a noncontrolling interest in Egypt.
(3)
Includes revenue from non-customers of $181 million, $16 million, and $1 million for oil, natural gas, and natural gas liquids, respectively, for the third quarter of 2018, and $485 million, $47 million, and $2 million, for oil, natural gas, and natural gas liquids, respectively, for the first nine months of 2018.
(4)
Operating income (loss) consists of oil and gas production revenues less lease operating expenses, gathering, transmission, and processing costs, taxes other than income, exploration costs, depreciation, depletion, and amortization, asset retirement obligation accretion, and impairments. The operating income of U.S. and North Sea includes leasehold and unproved impairments totaling $39 million and $10 million, respectively, for the third quarter of 2018. The operating income of U.S. and North Sea includes leasehold and unproved impairments totaling $76 million and $10 million, respectively, for the first nine months of 2018.
(5)
Included in Other are sales proceeds related to U.S. third-party purchased oil and gas totaling $124 million and $326 million for the third quarter and first nine months of 2018, respectively, which are determined to be revenue from customers.
(6)
The operating income (loss) of U.S. includes leasehold impairments totaling $160 million for the third quarter of 2017. The operating income (loss) of U.S., Canada, and North Sea includes leasehold and other asset impairments totaling $212 million, $2 million, and $8 million, respectively, for the first nine months of 2017.