CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($) $ in Millions		Jun. 30, 2022	Dec. 31, 2021
CURRENT ASSETS:
Cash and cash equivalents ($132 related to Altus VIE)	[1]	$ 228	$ 279
Receivables, net of allowance of $115 and $109	[1]	1,873	1,390
Other current assets (Note 6) ($9 related to Altus VIE)	[1]	871	649
Accounts receivable from APA Corporation	[1]	90	77
Assets, Current	[1]	3,062	2,395
PROPERTY AND EQUIPMENT:
Oil and gas properties	[1]	40,548	40,474
Gathering, processing, and transmission facilities ($209 related to Altus VIE)	[1]	447	673
Other ($3 related to Altus VIE)	[1]	604	1,126
Less: Accumulated depreciation, depletion, and amortization ($25 related to Altus VIE)	[1]	(33,756)	(34,213)
Property and equipment, net	[1]	7,843	8,060
OTHER ASSETS:
Equity method interests (Note 7) ($1,365 related to Altus VIE)	[1]	618	1,365
Decommissioning security for sold Gulf of Mexico properties (Note 12)	[1]	383	640
Deferred charges and other ($6 related to Altus VIE)	[1]	550	581
Note receivable from APA Corporation (Note 2)	[1]	1,383	1,352
Total assets	[1]	13,839	14,393
CURRENT LIABILITIES:
Accounts payable ($12 related to Altus VIE)	[1]	827	651
Note payable to APA Corporation	[1]	349	195
Current debt	[1]	125	215
Other current liabilities (Note 8) ($15 related to Altus VIE)	[1]	1,721	1,170
Total current liabilities	[1]	3,022	2,231
LONG-TERM DEBT (Note 10) ($657 related to Altus VIE)	[1]	4,885	7,295
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:
Income taxes	[1]	88	148
Asset retirement obligation (Note 9) ($68 related to Altus VIE)	[1]	2,061	2,089
Decommissioning contingency for sold Gulf of Mexico properties (Note 12)	[1]	825	1,086
Other ($67 related to Altus VIE)	[1]	468	572
Total deferred credits and other noncurrent liabilities	[1]	3,442	3,895
REDEEMABLE NONCONTROLLING INTEREST - ALTUS PREFERRED UNIT LIMITED PARTNERS (Note 13)	[1]	0	712	[2]
EQUITY (DEFICIT):
Common stock, $0.625 par, 1,000 and 1,000 shares authorized, respectively, 1,000 and 1,000 shares issued, respectively	[1]	0	0
Paid-in capital	[1]	8,054	8,677
Accumulated deficit	[1]	(6,567)	(9,317)
Accumulated other comprehensive income	[1]	21	22
EQUITY (DEFICIT) ATTRIBUTABLE TO APA CORPORATION	[1]	1,508	(618)
TOTAL EQUITY	[1]	2,490	260
TOTAL LIABILITIES AND EQUITY	[1]	13,839	14,393
Noncontrolling Interest, Sinopec
EQUITY (DEFICIT):
Noncontrolling interest	[1]	921	820
Noncontrolling interest, APA Corporation
EQUITY (DEFICIT):
Noncontrolling interest	[1]	61	0
Noncontrolling Interest, Altus
EQUITY (DEFICIT):
Noncontrolling interest	[1]	$ 0	$ 58

[1] The Altus VIE amounts are disclosed as of December 31, 2021. All Altus balances were deconsolidated as of February 22, 2022. Refer to Note 1—Summary of Significant Accounting Policies and Note 3—Acquisitions and Divestitures for further detail.

[2] As a result of the BCP Business Combination, the Company deconsolidated Altus on February 22, 2022. Refer to Note 1—Summary of Significant Accounting Policies and Note 3—Acquisitions and Divestitures for further detail.