XML 15 R5.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 102 $ 87
Receivables, net of allowance of $110 and $114 1,597 1,610
Other current assets (Note 5) 807 765
Total current assets 2,506 2,462
PROPERTY AND EQUIPMENT:    
Oil and gas properties 45,406 44,860
Gathering, processing, and transmission facilities 448 448
Other 625 634
Less: Accumulated depreciation, depletion, and amortization (36,336) (35,904)
Property and equipment, net 10,143 10,038
OTHER ASSETS:    
Equity method interests (Note 6) 0 437
Decommissioning security for sold Gulf of Mexico properties (Note 11) 21 21
Deferred tax asset (Note 10) 1,752 1,758
Deferred charges and other 530 528
Assets 14,952 15,244
CURRENT LIABILITIES:    
Accounts payable 694 658
Current debt 2 2
Other current liabilities (Note 7) 1,456 1,744
Total current liabilities 2,152 2,404
LONG-TERM DEBT (Note 9) 5,178 5,186
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:    
Deferred tax liability (Note 10) 300 371
Asset retirement obligation (Note 8) 2,400 2,362
Decommissioning contingency for sold Gulf of Mexico properties (Note 11) 807 764
Other 462 466
Total deferred credits and other noncurrent liabilities 3,969 3,963
EQUITY:    
Common stock, $0.625 par, 860,000,000 shares authorized, 421,137,927 and 420,595,901 shares issued, respectively 263 263
Paid-in capital 11,047 11,126
Accumulated deficit (2,827) (2,959)
Treasury stock, at cost, 120,031,117 and 117,020,000 shares, respectively (5,891) (5,790)
Accumulated other comprehensive income 15 15
APA SHAREHOLDERS’ EQUITY 2,607 2,655
TOTAL EQUITY 3,653 3,691
TOTAL LIABILITIES AND EQUITY 14,952 15,244
Noncontrolling interest    
EQUITY:    
Noncontrolling interest $ 1,046 $ 1,036