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CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 1,667 $ 1,377
Receivables, net of allowance 1,015 1,128
Inventories 416 476
Drilling advances 99 81
Assets held for sale 1,231 0
Prepaid assets and other 219 179
Total current assets 4,647 3,241
Oil and gas, on the basis of successful efforts accounting:    
Proved properties 38,118 42,693
Unproved properties and properties under development 1,796 1,969
Gathering, transmission and processing facilities 1,254 976
Other 998 1,111
Property and equipment, gross 42,166 46,749
Less: Accumulated depreciation, depletion, and amortization (24,615) (27,882)
Property and equipment, net 17,551 18,867
OTHER ASSETS:    
Deferred charges and other 404 411
Total assets 22,602 22,519
CURRENT LIABILITIES:    
Accounts payable 533 585
Liabilities held for sale 939 0
Other current liabilities (Note 5) 1,401 1,258
Total current liabilities 2,873 1,843
LONG-TERM DEBT 8,329 8,544
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:    
Income taxes 1,058 1,710
Asset retirement obligation 1,811 2,432
Other 266 311
Total deferred credits and other noncurrent liabilities 3,135 4,453
COMMITMENTS AND CONTINGENCIES (Note 9)
EQUITY:    
Common stock, $0.625 par, 860,000,000 shares authorized, 414,099,033 and 412,612,102 shares issued, respectively 259 258
Paid-in capital 12,246 12,364
Accumulated deficit (2,607) (3,385)
Treasury stock, at cost, 33,171,015 and 33,172,426 shares, respectively (2,887) (2,887)
Accumulated other comprehensive loss (112) (112)
APACHE SHAREHOLDERS’ EQUITY 6,899 6,238
Noncontrolling interest 1,366 1,441
TOTAL EQUITY 8,265 7,679
TOTAL LIABILITIES AND EQUITY $ 22,602 $ 22,519