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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 84 $ 185
Other current assets (Note 6) 725 993
Total current assets 2,420 2,602
PROPERTY AND EQUIPMENT:    
Oil and gas properties, on the basis of successful efforts accounting: 43,349 41,245
Gathering, processing, and transmission facilities 448 449
Other 634 613
Less: Accumulated depreciation, depletion, and amortization (35,707) (34,350)
Property and equipment, net 8,724 7,957
OTHER ASSETS:    
Equity method interests (Note 7) 437 624
Decommissioning security for sold Gulf of Mexico properties (Note 12) 21 217
Deferred tax asset (Note 11) 1,747 39
Deferred charges and other 522 532
Assets 16,944 14,255
CURRENT LIABILITIES:    
Accounts payable 560 646
Current debt 2 2
Other current liabilities (Note 8) 1,669 2,049
Total current liabilities 2,231 2,697
LONG-TERM DEBT (Note 10) 4,814 4,885
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:    
Deferred tax liability (Note 11) 371 314
Asset retirement obligation (Note 9) 2,354 1,936
Decommissioning contingency for sold Gulf of Mexico properties (Note 12) 764 738
Other 466 443
Total deferred credits and other noncurrent liabilities 3,955 3,431
EQUITY:    
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 7,972 8,025
Accumulated deficit (3,255) (5,781)
Accumulated other comprehensive income 15 14
EQUITY ATTRIBUTABLE TO APACHE CORPORATION 4,732 2,258
TOTAL EQUITY 5,944 3,242
Liabilities and Equity, Total 16,944 14,255
Nonrelated Party    
CURRENT ASSETS:    
Receivables, net of allowance 1,559 1,424
Affiliated Entity    
CURRENT ASSETS:    
Receivables, net of allowance 52 0
OTHER ASSETS:    
Noncurrent receivable from APA Corporation (Note 2) 93 869
Note receivable from APA Corporation (Note 2) 2,980 1,415
Noncontrolling Interest - Sinopec    
EQUITY:    
Noncontrolling interest 1,036 922
Noncontrolling Interest - APA Corporation    
EQUITY:    
Noncontrolling interest $ 176 $ 62