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CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 128 $ 185
Receivables, net of allowance of $103 and $117 1,331 1,424
Other current assets (Note 6) 1,161 993
Total current assets 2,620 2,602
PROPERTY AND EQUIPMENT:    
Oil and gas properties 42,117 41,245
Gathering, processing, and transmission facilities 447 449
Other 598 613
Less: Accumulated depreciation, depletion, and amortization (34,952) (34,350)
Property and equipment, net 8,210 7,957
OTHER ASSETS:    
Equity method interests (Note 7) 695 624
Decommissioning security for sold Gulf of Mexico properties (Note 12) 57 217
Deferred charges and other 517 571
Assets 14,572 14,255
CURRENT LIABILITIES:    
Current debt 2 2
Other current liabilities (Note 8) 1,935 2,049
Total current liabilities 2,625 2,697
LONG-TERM DEBT (Note 10) 4,812 4,885
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:    
Income taxes 431 314
Asset retirement obligation (Note 9) 1,978 1,936
Decommissioning contingency for sold Gulf of Mexico properties (Note 12) 472 738
Other 440 443
Total deferred credits and other noncurrent liabilities 3,321 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 8,037 8,025
Accumulated deficit (5,354) (5,781)
Accumulated other comprehensive income 17 14
EQUITY ATTRIBUTABLE TO APACHE CORPORATION 2,700 2,258
TOTAL EQUITY 3,814 3,242
Liabilities and Equity, Total 14,572 14,255
Affiliated Entity    
OTHER ASSETS:    
Noncurrent receivable from APA Corporation (Note 2) 0 869
Notes receivable from APA Corporation (Note 2) 2,473 1,415
CURRENT LIABILITIES:    
Accounts payable 126 0
Nonrelated Party    
CURRENT LIABILITIES:    
Accounts payable 562 646
Noncontrolling interest – Sinopec    
EQUITY (DEFICIT):    
Noncontrolling interest 987 922
Noncontrolling interest – APA Corporation    
EQUITY (DEFICIT):    
Noncontrolling interest $ 127 $ 62