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STATEMENT OF CONSOLIDATED OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUES AND OTHER:    
Derivative instrument gains (losses), net $ (62) $ 158
Gain on divestitures, net 1,176 2
Other, net 45 61
Total revenues and other 3,828 2,092
OPERATING EXPENSES:    
Lease operating expenses 344 264
Taxes other than income 70 44
Exploration 25 46
General and administrative 151 83
Transaction, reorganization, and separation 14 0
Depreciation, depletion, and amortization 291 342
Asset retirement obligation accretion 29 28
Financing costs, net 140 107
Total operating expenses 1,496 1,466
NET INCOME BEFORE INCOME TAXES 2,332 626
Current income tax provision 392 149
Deferred income tax provision (benefit) (41) 18
NET INCOME INCLUDING NONCONTROLLING INTERESTS 1,981 459
Net income (loss) attributable to Altus Preferred Unit limited partners (70) 19
NET INCOME ATTRIBUTABLE TO APA CORPORATION 1,847 397
Noncontrolling Interest, Sinopec    
OPERATING EXPENSES:    
Net income attributable to noncontrolling interest 119 42
Noncontrolling interests, Altus    
OPERATING EXPENSES:    
Net income attributable to noncontrolling interest 14 1
Noncontrolling interest, APA Corporation    
OPERATING EXPENSES:    
Net income attributable to noncontrolling interest 71 0
Oil and gas    
REVENUES AND OTHER:    
Total revenues 2,669 1,871
Oil and gas, excluding purchased    
REVENUES AND OTHER:    
Oil, natural gas, and natural gas liquids production revenues 2,320 1,431
OPERATING EXPENSES:    
Cost of oil and gas purchased 81 58
Purchased oil and gas sales    
REVENUES AND OTHER:    
Purchased oil and gas sales 349 440
OPERATING EXPENSES:    
Cost of oil and gas purchased $ 351 $ 494