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CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 95 $ 245
Receivables, net of allowance of $103 and $117 1,753 1,466
Other current assets (Note 5) 952 997
Total current assets 2,800 2,708
PROPERTY AND EQUIPMENT:    
Oil and gas properties 43,908 42,356
Gathering, processing, and transmission facilities 447 449
Other 613 613
Less: Accumulated depreciation, depletion, and amortization (35,468) (34,406)
Property and equipment, net 9,500 9,012
OTHER ASSETS:    
Equity method interests (Note 6) 681 624
Decommissioning security for sold Gulf of Mexico properties (Note 11) 38 217
Deferred charges and other 526 586
Assets 13,545 13,147
CURRENT LIABILITIES:    
Accounts payable 741 771
Current debt 2 2
Other current liabilities (Note 7) 1,892 2,143
Total current liabilities 2,635 2,916
LONG-TERM DEBT (Note 9) 5,582 5,451
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:    
Income taxes 305 314
Asset retirement obligation (Note 8) 2,006 1,940
Decommissioning contingency for sold Gulf of Mexico properties (Note 11) 470 738
Other 440 443
Total deferred credits and other noncurrent liabilities 3,221 3,435
EQUITY:    
Common stock, $0.625 par, 860,000,000 shares authorized, 420,593,611 and 419,869,987 shares issued, respectively 263 262
Paid-in capital 11,197 11,420
Accumulated deficit (4,732) (5,814)
Treasury stock, at cost, 113,797,342 and 108,310,838 shares, respectively (5,667) (5,459)
Accumulated other comprehensive income 17 14
APA SHAREHOLDERS’ EQUITY 1,078 423
TOTAL EQUITY 2,107 1,345
TOTAL LIABILITIES AND EQUITY 13,545 13,147
Noncontrolling interest – Egypt    
EQUITY:    
Noncontrolling interest – Egypt $ 1,029 $ 922