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STATEMENT OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) including noncontrolling interests $ 4,222 $ 1,402 $ (4,904)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Unrealized derivative instrument losses (gains), net 23 (69) 87
Gain on divestitures, net (1,180) (67) (32)
Exploratory dry hole expense and unproved leasehold impairments 92 86 211
Depreciation, depletion, and amortization 1,177 1,360 1,772
Asset retirement obligation accretion 117 113 109
Impairments 0 208 4,501
Provision for (benefit from) deferred income taxes 145 (74) (112)
Loss (gain) from extinguishment of debt 67 104 (160)
Losses on previously sold Gulf of Mexico properties 157 446 0
Other (137) (23) 102
Changes in operating assets and liabilities:      
Receivables (55) (393) 149
Inventories (1) (9) 19
Drilling advances and other current assets (12) 60 (29)
Deferred charges and other long-term assets 70 (42) (13)
Accounts payable 12 205 (167)
Receivable/payable with APA Corporation 0 40 0
Accrued expenses 293 127 (163)
Deferred credits and noncurrent liabilities (138) 31 18
NET CASH PROVIDED BY OPERATING ACTIVITIES 4,852 3,505 1,388
CASH FLOWS FROM INVESTING ACTIVITIES:      
Additions to upstream oil and gas property (1,503) (934) (1,270)
Leasehold and property acquisitions (37) (9) (4)
Noncurrent receivable from APA Corporation (832) 0 0
Contributions to Altus equity method interests 0 (28) (327)
Proceeds from asset divestitures 778 256 166
Proceeds from sale of Kinetik shares 224 0 0
Deconsolidation of Altus cash and cash equivalents (143) 0 0
Other, net 28 49 (31)
NET CASH USED IN INVESTING ACTIVITIES (1,485) (666) (1,466)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from Apache credit facility, net 138 392 150
Proceeds from Altus credit facility 0 33 228
Proceeds from (payments on) note payable to APA Corporation, net (835) 78 0
Fixed rate debt borrowings 0 0 1,238
Payments on fixed-rate debt (1,493) (1,795) (1,243)
Distributions to noncontrolling interest - Sinopec (362) (279) (91)
Distributions to Altus Preferred Unit limited partners (11) (46) (23)
Distributions to APA Corporation (894) (1,182) 0
Dividends paid 0 (9) (123)
Other, net (4) (14) (43)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (3,461) (2,822) 93
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (94) 17 15
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 279 262 247
CASH AND CASH EQUIVALENTS AT END OF PERIOD 185 279 262
SUPPLEMENTARY CASH FLOW DATA:      
Interest paid, net of capitalized interest 322 442 419
Income taxes paid, net of refunds 1,431 633 212
Non-cash financing adjustment: APA’s assumption of Apache’s borrowings on its syndicated credit facility $ 680 $ 0 $ 0