XML 33 R3.htm IDEA: XBRL DOCUMENT v3.22.4
STATEMENT OF CONSOLIDATED OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUES AND OTHER:      
Derivative instrument gains (losses), net $ (107) $ 94 $ (223)
Gain on divestitures, net 1,180 67 32
Losses on previously sold Gulf of Mexico properties (157) (446) 0
Other, net 139 228 64
Total revenues and other 11,938 7,928 4,308
OPERATING EXPENSES:      
Lease operating expenses 1,435 1,241 1,127
Taxes other than income 256 204 123
Exploration 146 127 274
General and administrative 462 357 290
Transaction, reorganization, and separation 26 22 54
Depreciation, depletion, and amortization 1,177 1,360 1,772
Asset retirement obligation accretion 117 113 109
Impairments 0 208 4,501
Financing costs, net 313 472 267
Total operating expenses 6,064 5,948 9,148
NET INCOME (LOSS) BEFORE INCOME TAXES 5,874 1,980 (4,840)
Current income tax provision 1,507 652 176
Deferred income tax provision (benefit) 145 (74) (112)
NET INCOME (LOSS) INCLUDING NONCONTROLLING INTERESTS 4,222 1,402 (4,904)
Net income (loss) attributable to Altus Preferred Unit limited partners (70) 162 76
NET INCOME (LOSS) ATTRIBUTABLE TO APA CORPORATION 3,536 1,062 (4,860)
Noncontrolling Interest, Sinopec      
OPERATING EXPENSES:      
Net income (loss) attributable to noncontrolling interest 464 174 (121)
Noncontrolling Interest, Altus      
OPERATING EXPENSES:      
Net income (loss) attributable to noncontrolling interest 14 4 1
Noncontrolling Interest, APA Corporation      
OPERATING EXPENSES:      
Net income (loss) attributable to noncontrolling interest 278 0 0
Oil and gas, excluding purchased      
REVENUES AND OTHER:      
Oil, natural gas, and natural gas liquids production revenues [1] 9,028 6,498 4,037
OPERATING EXPENSES:      
Cost of oil and gas purchased [1] 356 264 274
Oil and gas, purchased      
REVENUES AND OTHER:      
Purchased oil and gas sales 1,855 1,487 398
OPERATING EXPENSES:      
Cost of oil and gas purchased 1,776 1,580 357
Oil and gas      
REVENUES AND OTHER:      
Total revenues $ 10,883 $ 7,985 $ 4,435
[1] (1) For revenues and gathering, processing, and transmission costs associated with Kinetik, refer to Note 7—Equity Method Interest for further detail.