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STATEMENT OF CONSOLIDATED CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
NET INCOME INCLUDING NONCONTROLLING INTERESTS $ 3,207,000,000 $ 4,082,000,000 $ 1,313,000,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Unrealized derivative instrument losses (gains), net (51,000,000) 67,000,000 (69,000,000)
Gain on divestitures, net (8,000,000) (1,180,000,000) (67,000,000)
Exploratory dry hole expense and unproved leasehold impairments 114,000,000 207,000,000 97,000,000
Depreciation, depletion, and amortization 1,540,000,000 1,233,000,000 1,360,000,000
Asset retirement obligation accretion 116,000,000 117,000,000 113,000,000
Impairments 61,000,000 0 208,000,000
Provision for (benefit from) deferred income taxes (1,662,000,000) 145,000,000 (74,000,000)
(Gain) loss from extinguishment of debt (9,000,000) 67,000,000 104,000,000
Losses on previously sold Gulf of Mexico properties 212,000,000 157,000,000 446,000,000
Other 26,000,000 (73,000,000) 28,000,000
Changes in operating assets and liabilities:      
Receivables (157,000,000) (93,000,000) (386,000,000)
Inventories 13,000,000 (1,000,000) (9,000,000)
Drilling advances and other current assets 269,000,000 (15,000,000) 71,000,000
Deferred charges and other long-term assets 270,000,000 69,000,000 (42,000,000)
Accounts payable (84,000,000) (4,000,000) 245,000,000
Accrued expenses (400,000,000) 303,000,000 127,000,000
Deferred credits and noncurrent liabilities (328,000,000) (138,000,000) 31,000,000
NET CASH PROVIDED BY OPERATING ACTIVITIES 3,129,000,000 4,943,000,000 3,496,000,000 Close
CASH FLOWS FROM INVESTING ACTIVITIES:      
Additions to upstream oil and gas property (2,313,000,000) (1,770,000,000) (1,101,000,000)
Acquisition of Delaware Basin properties (24,000,000) (591,000,000) 0
Leasehold and property acquisitions (20,000,000) (37,000,000) (9,000,000)
Proceeds from asset divestitures 29,000,000 778,000,000 256,000,000
Proceeds from sale of Kinetik shares 228,000,000 224,000,000 0
Deconsolidation of Altus cash and cash equivalents 0 (143,000,000) 0
Other, net (38,000,000) 28,000,000 21,000,000
NET CASH USED IN INVESTING ACTIVITIES (2,138,000,000) (1,511,000,000) (833,000,000) Close
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from (repayments of) lines of credit (194,000,000) 24,000,000 392,000,000
Payments on Apache fixed-rate debt (65,000,000) (1,493,000,000) (1,795,000,000)
Distributions to noncontrolling interest – Egypt (238,000,000) (362,000,000) (279,000,000)
Dividends paid to APA common stockholders (308,000,000) (207,000,000) (52,000,000)
Treasury stock activity, net (329,000,000) (1,423,000,000) (847,000,000)
Other, net (15,000,000) (28,000,000) (42,000,000)
NET CASH USED IN FINANCING ACTIVITIES (1,149,000,000) (3,489,000,000) (2,623,000,000) Close
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (158,000,000) (57,000,000) 40,000,000 Close
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 245,000,000 302,000,000 262,000,000
CASH AND CASH EQUIVALENTS AT END OF PERIOD 87,000,000 245,000,000 302,000,000
SUPPLEMENTARY CASH FLOW DATA:      
Interest paid, net of capitalized interest 329,000,000 322,000,000 442,000,000
Income taxes paid, net of refunds $ 1,271,000,000 $ 1,431,000,000 $ 633,000,000