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CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 61 $ 84
Assets held for sale 1,091 0
Other current assets (Note 5) 781 725
Total current assets 3,443 2,420
PROPERTY AND EQUIPMENT:    
Oil and gas properties 37,359 43,349
Gathering, processing, and transmission facilities 447 448
Other 556 634
Less: Accumulated depreciation, depletion, and amortization (31,803) (35,707)
Property and equipment, net 6,559 8,724
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) 1,973 1,747
Deferred charges and other 571 522
Noncurrent receivable from APA Corporation (Note 2) 821 93
Notes receivable from APA Corporation (Note 2) 3,548 2,980
ASSETS 16,936 16,944
CURRENT LIABILITIES:    
Accounts payable 584 560
Current debt 2 2
Liabilities held for sale 224 0
Other current liabilities (Note 7) 1,567 1,669
Total current liabilities 2,377 2,231
LONG-TERM DEBT (Note 9) 4,814 4,814
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:    
Deferred tax liability (Note 10) 86 371
Asset retirement obligation (Note 8) 2,349 2,354
Decommissioning contingency for sold Gulf of Mexico properties (Note 11) 759 764
Other 536 466
Total deferred credits and other noncurrent liabilities 3,730 3,955
EQUITY:    
Common stock, $0.625 par, 1,000 and 1,000 shares authorized, respectively, 1,000 and 1,000 shares issued, respectively 0 0
Paid-in capital 7,738 7,972
Accumulated deficit (2,973) (3,255)
Accumulated other comprehensive income 14 15
EQUITY ATTRIBUTABLE TO APACHE CORPORATION 4,779 4,732
TOTAL EQUITY 6,015 5,944
LIABILITIES, NONCONTROLLING INTERESTS, AND EQUITY 16,936 16,944
Noncontrolling interest – Sinopec    
EQUITY:    
Noncontrolling interest 1,046 1,036
Noncontrolling interest – APA Corporation    
EQUITY:    
Noncontrolling interest 190 176
Nonrelated Party    
CURRENT ASSETS:    
Receivables, net of allowance 1,434 1,559
Related Party    
CURRENT ASSETS:    
Receivables, net of allowance $ 76 $ 52