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STATEMENT OF CONSOLIDATED OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUES AND OTHER:    
Derivative instrument losses, net $ 0 $ (62)
Gain on divestitures, net 1 1,176
Other, net (32) 45
Total revenues and other 1,914 3,828
OPERATING EXPENSES:    
Lease operating expenses 314 344
Taxes other than income 50 70
Exploration 44 25
General and administrative 58 151
Transaction, reorganization, and separation 4 14
Depreciation, depletion, and amortization 308 291
Asset retirement obligation accretion 28 29
Financing costs, net 49 140
Total operating expenses 1,144 1,496
NET INCOME BEFORE INCOME TAXES 770 2,332
Current income tax provision 346 392
Deferred income tax provision (benefit) 119 (41)
NET INCOME INCLUDING NONCONTROLLING INTERESTS 305 1,981
Net loss attributable to Altus Preferred Unit limited partners 0 (70)
NET INCOME ATTRIBUTABLE TO APACHE CORPORATION 137 1,847
Noncontrolling interest – Sinopec    
OPERATING EXPENSES:    
Net income attributable to noncontrolling interest 84 119
Noncontrolling interest - Altus    
OPERATING EXPENSES:    
Net income attributable to noncontrolling interest 0 14
Noncontrolling interest – APA Corporation    
OPERATING EXPENSES:    
Net income attributable to noncontrolling interest 84 71
Oil and gas    
REVENUES AND OTHER:    
Total revenues 1,945 2,669
Oil and gas, excluding purchased    
REVENUES AND OTHER:    
Oil, natural gas, and natural gas liquids production revenues [1] 1,706 2,320
OPERATING EXPENSES:    
Cost of oil and gas purchased [1] 73 81
Purchased oil and gas sales    
REVENUES AND OTHER:    
Purchased oil and gas sales 239 349
OPERATING EXPENSES:    
Cost of oil and gas purchased $ 216 $ 351
[1] For revenues and gathering, processing, and transmission costs associated with Kinetik, refer to Note 7—Equity Method Interests for further detail.