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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 87 $ 245
Receivables, net of allowance of $114 and $117 1,610 1,466
Other current assets (Note 5) 765 997
Total current assets 2,462 2,708
PROPERTY AND EQUIPMENT:    
Oil and gas properties, on the basis of successful efforts accounting: 44,860 42,356
Gathering, processing, and transmission facilities 448 449
Other 634 613
Less: Accumulated depreciation, depletion, and amortization (35,904) (34,406)
Property and equipment, net 10,038 9,012
OTHER ASSETS:    
Equity method interests (Note 6) 437 624
Decommissioning security for sold Gulf of Mexico properties (Note 11) 21 217
Deferred tax asset (Note 10) 1,758 39
Deferred charges and other 528 547
Assets 15,244 13,147
CURRENT LIABILITIES:    
Accounts payable 658 771
Current debt 2 2
Other current liabilities (Note 7) 1,744 2,143
Total current liabilities 2,404 2,916
LONG-TERM DEBT (Note 9) 5,186 5,451
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:    
Deferred tax liability (Note 10) 371 314
Asset retirement obligation (Note 8) 2,362 1,940
Decommissioning contingency for sold Gulf of Mexico properties (Note 11) 764 738
Other 466 443
Total deferred credits and other noncurrent liabilities 3,963 3,435
EQUITY:    
Common stock, $0.625 par, 860,000,000 shares authorized, 420,595,901 and 419,869,987 shares issued, respectively 263 262
Paid-in capital 11,126 11,420
Accumulated deficit (2,959) (5,814)
Treasury stock, at cost, 117,020,000 and 108,310,838 shares, respectively (5,790) (5,459)
Accumulated other comprehensive income 15 14
APA SHAREHOLDERS’ EQUITY 2,655 423
TOTAL EQUITY 3,691 1,345
TOTAL LIABILITIES AND EQUITY 15,244 13,147
Noncontrolling interest - Egypt    
EQUITY:    
Noncontrolling interest $ 1,036 $ 922