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STATEMENT OF CONSOLIDATED OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
REVENUES AND OTHER:        
Production revenues from customers $ 0   $ 0 $ 0
Derivative instrument gains (losses), net (113,000,000) $ (175,000,000) 45,000,000 (278,000,000)
Gain on divestitures, net 65,000,000 0 67,000,000 25,000,000
Other, net 74,000,000 19,000,000 135,000,000 32,000,000
Total revenues and other 1,782,000,000 596,000,000 3,874,000,000 1,875,000,000
OPERATING EXPENSES:        
Lease operating expenses 311,000,000 264,000,000 575,000,000 599,000,000
Taxes other than income 51,000,000 23,000,000 95,000,000 56,000,000
Exploration 19,000,000 72,000,000 65,000,000 129,000,000
General and administrative 79,000,000 94,000,000 162,000,000 162,000,000
Transaction, reorganization, and separation 4,000,000 10,000,000 4,000,000 37,000,000
Depreciation, depletion, and amortization 351,000,000 418,000,000 693,000,000 984,000,000
Asset retirement obligation accretion 28,000,000 27,000,000 56,000,000 54,000,000
Impairments 0 20,000,000 0 4,492,000,000
Financing costs, net 94,000,000 (34,000,000) 201,000,000 69,000,000
Total operating expenses 1,260,000,000 1,012,000,000 2,726,000,000 6,857,000,000
NET INCOME (LOSS) BEFORE INCOME TAXES 522,000,000 (416,000,000) 1,148,000,000 (4,982,000,000)
Current income tax provision (benefit) 131,000,000 (27,000,000) 280,000,000 62,000,000
Deferred income tax benefit (40,000,000) (11,000,000) (22,000,000) (44,000,000)
NET INCOME (LOSS) INCLUDING NONCONTROLLING INTERESTS 431,000,000 (378,000,000) 890,000,000 (5,000,000,000)
NET INCOME (LOSS) ATTRIBUTABLE TO APA CORPORATION 339,000,000 (386,000,000) 736,000,000 (4,866,000,000)
Altus Preferred Unit limited partners        
OPERATING EXPENSES:        
Net income (loss) attributable to noncontrolling interest 24,000,000 19,000,000 43,000,000 37,000,000
Noncontrolling interests, Egypt        
OPERATING EXPENSES:        
Net income (loss) attributable to noncontrolling interest 41,000,000 (11,000,000) 83,000,000 (162,000,000)
Noncontrolling interests, Altus        
OPERATING EXPENSES:        
Net income (loss) attributable to noncontrolling interest 27,000,000 0 28,000,000 (9,000,000)
Oil and gas        
REVENUES AND OTHER:        
Total revenues 1,756,000,000 752,000,000 3,627,000,000 2,096,000,000
Oil and gas, excluding purchased        
REVENUES AND OTHER:        
Oil, natural gas, and natural gas liquids production revenues 1,514,000,000 697,000,000 2,945,000,000 1,933,000,000
Production revenues from customers 1,407,000,000 715,000,000 2,732,000,000 1,903,000,000
OPERATING EXPENSES:        
Cost of goods and services sold 61,000,000 72,000,000 119,000,000 143,000,000
Oil and gas, purchased        
REVENUES AND OTHER:        
Production revenues from customers 242,000,000 55,000,000 682,000,000 163,000,000
OPERATING EXPENSES:        
Cost of goods and services sold $ 262,000,000 $ 46,000,000 $ 756,000,000 $ 132,000,000