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CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 96 $ 84
Other current assets (Note 5) 779 725
Total current assets 2,464 2,420
PROPERTY AND EQUIPMENT:    
Oil and gas properties 43,791 43,349
Gathering, processing, and transmission facilities 448 448
Other 625 634
Less: Accumulated depreciation, depletion, and amortization (36,081) (35,707)
Property and equipment, net 8,783 8,724
OTHER ASSETS:    
Equity method interests (Note 6) 0 437
Decommissioning security for sold Gulf of Mexico properties (Note 11) 21 21
Deferred tax asset (Note 10) 1,695 1,747
Deferred charges and other 525 522
Assets 16,731 16,944
CURRENT LIABILITIES:    
Accounts payable 598 560
Current debt 2 2
Other current liabilities (Note 7) 1,325 1,669
Total current liabilities 1,925 2,231
LONG-TERM DEBT (Note 9) 4,813 4,814
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:    
Deferred tax liability (Note 10) 300 371
Asset retirement obligation (Note 8) 2,388 2,354
Decommissioning contingency for sold Gulf of Mexico properties (Note 11) 807 764
Other 463 466
Total deferred credits and other noncurrent liabilities 3,958 3,955
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 7,904 7,972
Accumulated deficit (3,119) (3,255)
Accumulated other comprehensive income 15 15
EQUITY ATTRIBUTABLE TO APACHE CORPORATION 4,800 4,732
TOTAL EQUITY 6,035 5,944
Liabilities and Equity, Total 16,731 16,944
Nonrelated Party    
CURRENT ASSETS:    
Receivables, net of allowance 1,536 1,559
Affiliated Entity    
CURRENT ASSETS:    
Receivables, net of allowance 53 52
OTHER ASSETS:    
Noncurrent receivable from APA Corporation (Note 2) 229 93
Notes receivable from APA Corporation (Note 2) 3,014 2,980
Noncontrolling interest – Sinopec    
EQUITY:    
Noncontrolling interest 1,046 1,036
Noncontrolling interest – APA Corporation    
EQUITY:    
Noncontrolling interest $ 189 $ 176