CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
CURRENT ASSETS:
Cash and cash equivalents	$ 117	$ 185
Receivables, net of allowance of $119 and $117	1,483	1,424
Other current assets (Note 6)	1,090	993
Total current assets	2,690	2,602
PROPERTY AND EQUIPMENT:
Oil and gas properties	41,658	41,245
Gathering, processing, and transmission facilities	447	449
Other	614	613
Less: Accumulated depreciation, depletion, and amortization	(34,636)	(34,350)
Property and equipment, net	8,083	7,957
OTHER ASSETS:
Equity method interests (Note 7)	605	624
Decommissioning security for sold Gulf of Mexico properties (Note 12)	132	217
Deferred charges and other	553	571
Noncurrent receivable from APA Corporation (Note 2)	0	869
Notes receivable from APA Corporation (Note 2)	2,196	1,415
Assets	14,259	14,255
CURRENT LIABILITIES:
Accounts payable	563	646
Accounts payable to APA Corporation (Note 2)	16	0
Current debt	2	2
Other current liabilities (Note 8)	1,732	2,049
Total current liabilities	2,313	2,697
LONG-TERM DEBT (Note 10)	4,918	4,885
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:
Income taxes	441	314
Asset retirement obligation (Note 9)	1,959	1,936
Decommissioning contingency for sold Gulf of Mexico properties (Note 12)	656	738
Other	450	443
Total deferred credits and other noncurrent liabilities	3,506	3,431
EQUITY (DEFICIT):
Common stock, $0.625 par, 1,000 and 1,000 shares authorized, respectively, 1,000 and 1,000 shares issued, respectively	0	0
Paid-in capital	8,031	8,025
Accumulated deficit	(5,644)	(5,781)
Accumulated other comprehensive income	17	14
EQUITY ATTRIBUTABLE TO APA CORPORATION	2,404	2,258
TOTAL EQUITY	3,522	3,242
Liabilities and Equity, Total	14,259	14,255
Noncontrolling interest – Sinopec
EQUITY (DEFICIT):
Noncontrolling interest	989	922
Noncontrolling interest – APA Corporation
EQUITY (DEFICIT):
Noncontrolling interest	$ 129	$ 62