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STATEMENT OF CONSOLIDATED CHANGES IN EQUITY (DEFICIT) AND NONCONTROLLING INTERESTS (Unaudited) - USD ($)
$ in Millions
Total
Redeemable Noncontrolling Interest - Altus Preferred Unit Limited Partners
Noncontrolling Interest, Sinopec
Noncontrolling interests, Altus
Noncontrolling interest, APA Corporation
PARENT COMPANY EQUITY (DEFICIT)
Common Stock
Paid-In Capital
Accumulated Deficit
Treasury Stock
Accumulated Other Comprehensive Income
Noncontrolling Interests
Noncontrolling Interests
Noncontrolling Interest, Sinopec
Noncontrolling Interests
Noncontrolling interests, Altus
Noncontrolling Interests
Noncontrolling interest, APA Corporation
Beginning balance at Dec. 31, 2020 [1]   $ 608                          
Increase (Decrease) in Temporary Equity [Roll Forward]                              
Net income attributable to Altus Preferred Unit holders [1]   43                          
Distributions payable to Altus Preferred Unit limited partners [1]   (11)                          
Distributions paid to Altus Preferred Unit limited partners   (23) [1] $ (60)                   $ (60) [1]    
Ending balance at Jun. 30, 2021 [2]   617                          
Beginning balance at Dec. 31, 2020 $ (645)         $ (1,639) $ 262 $ 11,735 $ (10,461) $ (3,189) $ 14 $ 994 [1]      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income attributable to APA Corporation 736         736     736            
Net income attributable to noncontrolling interest     83 $ 28 $ 0               83 [1] $ 28 [1]  
Distributions paid to Altus Preferred Unit limited partners   (23) [1] (60)                   (60) [1]    
Common dividends (9)         (9)   (9)              
APA Corporation share exchange 0           (262) (2,927)   3,189          
Holding Company Reorganization 839         839   757 82            
Distributions to APA Corporation (10)         (10)   (10)              
Other (14)         (9) 0 (11) 1   1 (5) [1]      
Ending balance at Jun. 30, 2021 948         (92) 0 9,535 (9,642) 0 15 1,040 [2]      
Beginning balance at Dec. 31, 2020 [1]   608                          
Ending balance at Dec. 31, 2021 [1],[3] 712                            
Beginning balance at Dec. 31, 2020 (645)         (1,639) 262 11,735 (10,461) (3,189) 14 994 [1]      
Ending balance at Dec. 31, 2021 260 [3]         (618) 0 8,677 (9,317) 0 22 878 [1]      
Beginning balance at Mar. 31, 2021 [2]   605                          
Increase (Decrease) in Temporary Equity [Roll Forward]                              
Net income attributable to Altus Preferred Unit holders [2]   24                          
Distributions payable to Altus Preferred Unit limited partners [2]   (12)                          
Distributions paid to Altus Preferred Unit limited partners     (20)                   (20) [2]    
Ending balance at Jun. 30, 2021 [2]   617                          
Beginning balance at Mar. 31, 2021 587         (410) 0 9,557 (9,982) 0 15 997 [2]      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income attributable to APA Corporation 339         339     339            
Net income attributable to noncontrolling interest     41 27 0               41 [2] 27 [2]  
Distributions paid to Altus Preferred Unit limited partners     (20)                   (20) [2]    
Distributions to APA Corporation (10)         (10)   (10)              
Other (16)         (11)   (12) 1     (5) [2]      
Ending balance at Jun. 30, 2021 948         (92) 0 9,535 (9,642) 0 15 1,040 [2]      
Beginning balance at Dec. 31, 2021 [1],[3] 712                            
Increase (Decrease) in Temporary Equity [Roll Forward]                              
Net income attributable to Altus Preferred Unit holders [1] (70)                            
Distributions paid to Altus Preferred Unit limited partners     (159)                   (159) [1]    
Deconsolidation of Altus [1]   (642)                          
Ending balance at Jun. 30, 2022 0 [3] 0 [2]                          
Beginning balance at Dec. 31, 2021 260 [3]         (618) 0 8,677 (9,317) 0 22 878 [1]      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income attributable to APA Corporation 2,750         2,750     2,750            
Net income attributable to noncontrolling interest     260 14 156               260 [1] $ 14 [1] $ 156 [1]
Distributions paid to Altus Preferred Unit limited partners     (159)                   (159) [1]    
Distributions to APA Corporation (733)         (638)   (638)       (95) [1]      
Deconsolidation of Altus (72)                     (72) [1]      
Other 14         14   15     (1)        
Ending balance at Jun. 30, 2022 2,490 [3]         1,508 0 8,054 (6,567) 0 21 982 [2]      
Beginning balance at Mar. 31, 2022 [2]   0                          
Increase (Decrease) in Temporary Equity [Roll Forward]                              
Distributions paid to Altus Preferred Unit limited partners     (90)                   (90) [2]    
Ending balance at Jun. 30, 2022 0 [3] $ 0 [2]                          
Beginning balance at Mar. 31, 2022 1,832         932 0 8,381 (7,470) 0 21 900 [2]      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income attributable to APA Corporation 903         903     903            
Net income attributable to noncontrolling interest     141 $ 0 $ 85               141 [2]   $ 85 [2]
Distributions paid to Altus Preferred Unit limited partners     $ (90)                   $ (90) [2]    
Distributions to APA Corporation (387)         (333)   (333)       (54) [2]      
Other 6         6   6              
Ending balance at Jun. 30, 2022 $ 2,490 [3]         $ 1,508 $ 0 $ 8,054 $ (6,567) $ 0 $ 21 $ 982 [2]      
[1] 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.
[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.
[3] 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.