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STATEMENT OF CONSOLIDATED CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income including noncontrolling interests $ 212,000,000 $ 326,000,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Unrealized derivative instrument (gains) losses, net 8,000,000 (33,000,000)
Gain on divestitures, net (7,000,000) (1,000,000)
Exploratory dry hole expense and unproved leasehold impairments 133,000,000 35,000,000
Depreciation, depletion, and amortization 430,000,000 332,000,000
Asset retirement obligation accretion 40,000,000 28,000,000
Provision for (benefit from) deferred income taxes (65,000,000) 138,000,000
Gain on extinguishment of debt 0 (9,000,000)
Loss on previously sold Gulf of Mexico properties 66,000,000 0
Other, net 10,000,000 30,000,000
Changes in operating assets and liabilities:    
Receivables 18,000,000 (53,000,000)
Inventories (17,000,000) (31,000,000)
Drilling advances and other current assets (26,000,000) 1,000,000
Deferred charges and other long-term assets 6,000,000 79,000,000
Accounts payable 37,000,000 (110,000,000)
Accrued expenses (432,000,000) (319,000,000)
Deferred credits and noncurrent liabilities (45,000,000) (78,000,000)
NET CASH PROVIDED BY OPERATING ACTIVITIES 368,000,000 335,000,000 Close
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to upstream oil and gas property (467,000,000) (543,000,000)
Leasehold and property acquisitions (63,000,000) (6,000,000)
Proceeds from asset divestitures 27,000,000 21,000,000
Proceeds from sale of Kinetik Shares 428,000,000 0
Other, net (13,000,000) (4,000,000)
NET CASH USED IN INVESTING ACTIVITIES (88,000,000) (532,000,000) Close
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from (payments on) commercial paper and revolving credit facilities, net (2,000,000) 417,000,000
Payments on Apache fixed-rate debt 0 (65,000,000)
Distributions to noncontrolling interest (70,000,000) (17,000,000)
Treasury stock activity, net (101,000,000) (142,000,000)
Dividends paid to APA common stockholders (76,000,000) (78,000,000)
Other, net (16,000,000) (9,000,000)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (265,000,000) 106,000,000 Close
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 15,000,000 (91,000,000) Close
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 87,000,000 245,000,000
CASH AND CASH EQUIVALENTS AT END OF PERIOD 102,000,000 154,000,000
SUPPLEMENTARY CASH FLOW DATA:    
Interest paid, net of capitalized interest 104,000,000 112,000,000
Income taxes paid, net of refunds $ 366,000,000 $ 286,000,000