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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents ($132 related to Altus VIE) [1] $ 185 $ 279
Receivables, net of allowance of $117 and $109 [1] 1,424 1,390
Other current assets (Note 6) ($9 related to Altus VIE) [1] 993 649
Accounts receivable from APA Corporation 0 77 [1]
Total current assets [1] 2,602 2,395
PROPERTY AND EQUIPMENT:    
Oil and gas, on the basis of successful efforts accounting: [1] 41,245 40,474
Gathering, processing, and transmission facilities ($209 related to Altus VIE) [1] 449 673
Other ($3 related to Altus VIE) [1] 613 1,126
Less: Accumulated depreciation, depletion, and amortization ($25 related to Altus VIE) [1] (34,350) (34,213)
Property and equipment, net [1] 7,957 8,060
OTHER ASSETS:    
Equity method interests (Note 7) ($1,365 related to Altus VIE) [1] 624 1,365
Decommissioning security for sold Gulf of Mexico properties (Note 12) [1] 217 640
Deferred charges and other ($6 related to Altus VIE) [1] 571 581
Noncurrent receivable from APA Corporation 869 [1] 0
Note receivable from APA Corporation (Note 2) [1] 1,415 1,352
Assets [1] 14,255 14,393
CURRENT LIABILITIES:    
Accounts payable ($12 related to Altus VIE) [1] 646 651
Note payable to APA Corporation (Note 2) [1] 0 195
Current debt [1] 2 215
Other current liabilities (Note 8) ($15 related to Altus VIE) [1] 2,049 1,170
Total current liabilities [1] 2,697 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] 314 148
Asset retirement obligation ($68 related to Altus VIE) [1] 1,936 2,089
Decommissioning contingency for sold Gulf of Mexico properties (Note 12) [1] 738 1,086
Other ($67 related to Altus VIE) [1] 443 572
Total deferred credits and other noncurrent liabilities [1] 3,431 3,895
REDEEMABLE NONCONTROLLING INTEREST - ALTUS PREFERRED UNIT LIMITED PARTNERS (Note 14) [1] 0 712
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] 8,025 8,677
Accumulated deficit [1] (5,781) (9,317)
Accumulated other comprehensive income [1] 14 22
EQUITY (DEFICIT) ATTRIBUTABLE TO APA CORPORATION [1] 2,258 (618)
TOTAL EQUITY [1] 3,242 260
Liabilities and Equity, Total [1] 14,255 14,393
Noncontrolling Interest, Sinopec    
EQUITY (DEFICIT):    
Noncontrolling interest [1] 922 820
Noncontrolling Interest, APA Corporation    
EQUITY (DEFICIT):    
Noncontrolling interest [1] 62 0
Noncontrolling Interest, Altus    
EQUITY (DEFICIT):    
Noncontrolling interest [1] $ 0 $ 58
[1] (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.