XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.3
STATEMENT OF CONSOLIDATED OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
REVENUES AND OTHER:        
Derivative instrument losses, net $ 0 $ (44) $ 0 $ (138)
Gain on divestitures, net 1 31 7 1,180
Other, net 7 (10) 84 99
Total revenues and other 2,220 2,770 5,992 9,650
OPERATING EXPENSES:        
Lease operating expenses 381 363 1,047 1,066
Taxes other than income 56 74 153 222
Exploration 39 46 120 86
General and administrative 132 64 256 298
Transaction, reorganization, and separation 5 4 11 21
Depreciation, depletion, and amortization 377 288 1,024 857
Asset retirement obligation accretion 29 29 86 87
Impairments 0 0 46 0
Financing costs, net 40 55 131 257
Total operating expenses 1,353 1,590 3,663 4,615
NET INCOME BEFORE INCOME TAXES 867 1,180 2,329 5,035
Current income tax provision 422 357 1,022 1,164
Deferred income tax provision (benefit) (134) 293 (29) 231
NET INCOME INCLUDING NONCONTROLLING INTERESTS 579 530 1,336 3,640
Net loss attributable to Altus Preferred Unit limited partners 0 0 0 (70)
NET INCOME ATTRIBUTABLE TO APACHE CORPORATION 387 357 814 3,107
Noncontrolling interest – Sinopec        
OPERATING EXPENSES:        
Net income attributable to noncontrolling interest 96 108 261 368
Noncontrolling interest - Altus        
OPERATING EXPENSES:        
Net income attributable to noncontrolling interest 0 0 0 14
Noncontrolling interest – APA Corporation        
OPERATING EXPENSES:        
Net income attributable to noncontrolling interest 96 65 261 221
Oil and gas        
REVENUES AND OTHER:        
Total revenues 2,212 2,793 5,901 8,509
Gathering, processing, and transmission costs        
REVENUES AND OTHER:        
Oil, natural gas, and natural gas liquids production revenues [1] 1,983 2,208 5,289 7,053
OPERATING EXPENSES:        
Gathering, processing, and transmission/Purchased oil and gas costs [1] 83 94 231 269
Purchased oil and gas sales        
REVENUES AND OTHER:        
Purchased oil and gas sales [1] 229 585 612 1,456
OPERATING EXPENSES:        
Gathering, processing, and transmission/Purchased oil and gas costs [1] $ 211 $ 573 $ 558 $ 1,452
[1] For transactions associated with Kinetik, refer to Note 7—Equity Method Interests for further detail.