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CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 160 $ 87
Receivables, net of allowance of $122 and $114 1,936 1,610
Other current assets (Note 5) 822 765
Total current assets 2,918 2,462
PROPERTY AND EQUIPMENT:    
Oil and gas properties 49,416 44,860
Gathering, processing, and transmission facilities 445 448
Other 539 634
Less: Accumulated depreciation, depletion, and amortization (35,944) (35,904)
Property and equipment, net 14,456 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) 2,259 1,758
Deferred charges and other 541 528
ASSETS 20,195 15,244
CURRENT LIABILITIES:    
Accounts payable 1,012 658
Current debt 2 2
Other current liabilities (Note 7) 1,875 1,744
Total current liabilities 2,889 2,404
LONG-TERM DEBT (Note 9) 6,741 5,186
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:    
Deferred tax liability (Note 10) 256 371
Asset retirement obligation (Note 8) 2,515 2,362
Decommissioning contingency for sold Gulf of Mexico properties (Note 11) 768 764
Other 531 466
Total deferred credits and other noncurrent liabilities 4,070 3,963
EQUITY:    
Common stock, $0.625 par, 860,000,000 shares authorized, 491,336,993 and 420,595,901 shares issued, respectively 307 263
Paid-in capital 13,322 11,126
Accumulated deficit (2,286) (2,959)
Treasury stock, at cost, 121,511,189 and 117,020,000 shares, respectively (5,934) (5,790)
Accumulated other comprehensive income 14 15
APA SHAREHOLDERS’ EQUITY 5,423 2,655
Noncontrolling interest 1,072 1,036
TOTAL EQUITY 6,495 3,691
LIABILITIES, NONCONTROLLING INTERESTS, AND EQUITY $ 20,195 $ 15,244