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CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents ($132 related to Altus VIE) [1] $ 282 $ 302
Receivables, net of allowance of $115 and $109 [1] 1,894 1,394
Other current assets (Note 5) ($9 related to Altus VIE) [1] 907 684
Assets, Current [1] 3,083 2,380
PROPERTY AND EQUIPMENT:    
Oil and gas properties [1] 40,936 40,749
Gathering, processing, and transmission facilities ($209 related to Altus VIE) [1] 447 673
Other ($3 related to Altus VIE) [1] 604 1,126
Less: Accumulated depreciation, depletion, and amortization ($25 related to Altus VIE) [1] (33,756) (34,213)
Property and equipment, net [1] 8,231 8,335
OTHER ASSETS:    
Equity method interests (Note 6) ($1,365 related to Altus VIE) [1] 618 1,365
Decommissioning security for sold Gulf of Mexico properties (Note 11) [1] 383 640
Deferred charges and other ($6 related to Altus VIE) [1] 609 583
Total assets [1] 12,924 13,303
CURRENT LIABILITIES:    
Accounts payable ($12 related to Altus VIE) [1] 925 731
Current debt [1] 125 215
Other current liabilities (Note 7) ($15 related to Altus VIE) [1] 1,763 1,171
Total current liabilities [1] 2,813 2,117
LONG-TERM DEBT (Note 9) ($657 related to Altus VIE) [1] 5,160 7,295
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:    
Income taxes [1] 89 148
Asset retirement obligation (Note 8) ($68 related to Altus VIE) [1] 2,061 2,089
Decommissioning contingency for sold Gulf of Mexico properties (Note 11) [1] 825 1,086
Other ($67 related to Altus VIE) [1] 471 573
Total deferred credits and other noncurrent liabilities [1] 3,446 3,896
REDEEMABLE NONCONTROLLING INTEREST - ALTUS PREFERRED UNIT LIMITED PARTNERS (Note 12) [1] 0 712
EQUITY (DEFICIT):    
Common stock, $0.625 par, 860,000,000 shares authorized, 419,756,641 and 419,078,606 shares issued, respectively [1] 262 262
Paid-in capital [1] 11,567 11,645
Accumulated deficit [1] (6,679) (9,488)
Treasury stock, at cost, 86,362,994 and 72,147,841 shares, respectively [1] (4,587) (4,036)
Accumulated other comprehensive income [1] 21 22
APA SHAREHOLDERS’ EQUITY (DEFICIT) [1] 584 (1,595)
TOTAL EQUITY (DEFICIT) [1] 1,505 (717)
TOTAL LIABILITIES AND EQUITY [1] 12,924 13,303
Noncontrolling interests, Egypt    
EQUITY (DEFICIT):    
Noncontrolling interest [1] 921 820
Noncontrolling interests, Altus    
EQUITY (DEFICIT):    
Noncontrolling interest [1] $ 0 $ 58
[1] The Altus VIE amounts are disclosed as of December 31, 2021. All Altus balances were deconsolidated as of February 22, 2022. Refer to Note 1—Summary of Significant Accounting Policies and Note 2—Acquisitions and Divestitures for further detail.