APA Corporation(NASDAQ:APA)

APA Corporation, through its subsidiaries, explores for and produces oil and gas properties. It has operations in the United States, Egypt, and the United Kingdom, as well as has exploration activities offshore Suriname. It also operates gathering, processing, and transmission assets in West Texas, ...
Website: http://www.apachecorp.com
Founded: 1954
Full Time Employees: 3,163
CEO: John J Christmann
Sector: Energy
Industry: Oil & Gas E&P
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At a glance:
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Quarterly
Annual
| Unit: USD | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2012-06-30 | 2011-12-31 | 2011-09-30 |
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revenues and other: | ||||||||||||||||||||||||||||||||||||||
oil, natural gas, and natural gas liquids production revenues | 1,544,000,000 | 1,663,000,000 | 1,636,000,000 | 1,790,000,000 | 1,983,000,000 | 1,600,000,000 | 1,706,000,000 | 1,975,000,000 | 2,208,000,000 | 2,525,000,000 | 2,320,000,000 | 1,868,000,000 | 1,685,000,000 | 1,514,000,000 | 1,431,000,000 | 1,058,000,000 | 1,046,000,000 | 697,000,000 | 1,236,000,000 | |||||||||||||||||||
purchased oil and gas sales | 434,000,000 | 230,000,000 | 203,000,000 | 282,000,000 | 229,000,000 | 144,000,000 | 239,000,000 | 399,000,000 | 585,000,000 | 522,000,000 | 349,000,000 | 431,000,000 | 374,000,000 | 242,000,000 | 440,000,000 | 161,000,000 | 74,000,000 | 55,000,000 | 108,000,000 | |||||||||||||||||||
total revenues | 1,978,000,000 | 1,893,000,000 | 1,839,000,000 | 2,072,000,000 | 2,212,000,000 | 1,744,000,000 | 1,945,000,000 | 2,374,000,000 | 2,793,000,000 | 3,047,000,000 | 2,669,000,000 | 2,299,000,000 | 2,059,000,000 | 1,756,000,000 | 1,871,000,000 | 1,219,000,000 | 1,120,000,000 | 752,000,000 | 1,344,000,000 | |||||||||||||||||||
yoy | -10.58% | 8.54% | -5.45% | -12.72% | -20.80% | -42.76% | -27.13% | 3.26% | 35.65% | 73.52% | 42.65% | 88.60% | 83.84% | 133.51% | 39.21% | |||||||||||||||||||||||
qoq | 4.49% | 2.94% | -11.25% | -6.33% | 26.83% | -10.33% | -18.07% | -15.00% | -8.34% | 14.16% | 16.09% | 11.66% | 17.26% | -6.15% | 53.49% | 8.84% | 48.94% | -44.05% | ||||||||||||||||||||
derivative instrument gains | 1,000,000 | 31,000,000 | -44,000,000 | -32,000,000 | -62,000,000 | 49,000,000 | -113,000,000 | 158,000,000 | -65,500,000 | 16,000,000 | -30,000,000 | |||||||||||||||||||||||||||
gain on divestitures | 1,000,000 | 276,000,000 | 7,000,000 | 1,000,000 | 1,000,000 | 5,000,000 | 1,000,000 | 31,000,000 | -27,000,000 | 1,176,000,000 | 2,000,000 | -2,000,000 | 65,000,000 | 2,000,000 | 8,000,000 | -1,000,000 | 25,000,000 | 17,000,000 | 3,000,000 | 1,000,000 | 2,000,000 | 7,000,000 | 296,000,000 | -21,000,000 | 341,000,000 | 5,000,000 | 17,000,000 | |||||||||||
loss on previously sold gulf of mexico properties | -17,000,000 | -66,000,000 | -446,000,000 | |||||||||||||||||||||||||||||||||||
other | 20,000,000 | 5,000,000 | 15,000,000 | -58,000,000 | 7,000,000 | 109,000,000 | -32,000,000 | 40,000,000 | -10,000,000 | 64,000,000 | 45,000,000 | 53,000,000 | 40,000,000 | 74,000,000 | 61,000,000 | 23,000,000 | 9,000,000 | 19,000,000 | 13,000,000 | 41,000,000 | -4,000,000 | 8,000,000 | 29,000,000 | -9,000,000 | 7,000,000 | 59,000,000 | 25,000,000 | -6,000,000 | -21,000,000 | -8,000,000 | 16,000,000 | 32,000,000 | 46,000,000 | |||||
operating expenses: | ||||||||||||||||||||||||||||||||||||||
lease operating expenses | 321,000,000 | 369,000,000 | 326,000,000 | 350,000,000 | 381,000,000 | 352,000,000 | 314,000,000 | 369,000,000 | 363,000,000 | 359,000,000 | 344,000,000 | 350,000,000 | 316,000,000 | 311,000,000 | 264,000,000 | 269,000,000 | 259,000,000 | 264,000,000 | 335,000,000 | 350,000,000 | 389,000,000 | 365,000,000 | 382,000,000 | 356,000,000 | 349,000,000 | 358,000,000 | 372,000,000 | 336,000,000 | 382,000,000 | 359,000,000 | 378,000,000 | 704,000,000 | 1,944,000,000 | 661,000,000 | ||||
gathering, processing, and transmission | 78,000,000 | 83,000,000 | 76,000,000 | 83,000,000 | 83,000,000 | 75,000,000 | 73,000,000 | 87,000,000 | 94,000,000 | 94,000,000 | 81,000,000 | 77,000,000 | 68,000,000 | 61,000,000 | 58,000,000 | 68,000,000 | 63,000,000 | 72,000,000 | 71,000,000 | 66,000,000 | 76,000,000 | 88,000,000 | ||||||||||||||||
purchased oil and gas costs | 253,000,000 | 95,000,000 | 163,000,000 | 184,000,000 | 211,000,000 | 131,000,000 | 216,000,000 | 324,000,000 | 573,000,000 | 528,000,000 | 351,000,000 | 428,000,000 | 396,000,000 | 262,000,000 | 494,000,000 | 150,000,000 | 75,000,000 | 46,000,000 | 86,000,000 | |||||||||||||||||||
taxes other than income | 41,000,000 | 46,000,000 | 50,000,000 | 39,000,000 | 56,000,000 | 47,000,000 | 50,000,000 | 34,000,000 | 74,000,000 | 78,000,000 | 70,000,000 | 55,000,000 | 54,000,000 | 51,000,000 | 44,000,000 | 33,000,000 | 34,000,000 | 23,000,000 | 33,000,000 | 44,000,000 | 46,000,000 | 51,000,000 | 58,000,000 | 49,000,000 | 55,000,000 | 46,000,000 | 29,000,000 | 42,000,000 | 9,000,000 | 65,000,000 | 11,000,000 | 203,000,000 | 655,000,000 | 244,000,000 | ||||
exploration | 25,000,000 | 28,000,000 | 42,000,000 | 33,000,000 | 39,000,000 | 37,000,000 | 44,000,000 | 60,000,000 | 46,000,000 | 15,000,000 | 25,000,000 | 41,000,000 | 21,000,000 | 19,000,000 | 46,000,000 | 87,000,000 | 58,000,000 | 72,000,000 | 57,000,000 | 56,000,000 | 95,000,000 | 69,000,000 | 99,000,000 | 76,000,000 | 76,000,000 | 231,000,000 | 108,000,000 | 92,000,000 | 161,000,000 | 91,000,000 | ||||||||
general and administrative | 78,000,000 | 68,000,000 | 83,000,000 | 69,000,000 | 132,000,000 | 66,000,000 | 58,000,000 | 164,000,000 | 64,000,000 | 83,000,000 | 151,000,000 | 131,000,000 | 64,000,000 | 79,000,000 | 83,000,000 | 76,000,000 | 52,000,000 | 94,000,000 | 68,000,000 | 98,000,000 | 102,000,000 | 123,000,000 | 99,000,000 | 117,000,000 | 114,000,000 | 98,000,000 | 106,000,000 | 103,000,000 | 102,000,000 | 103,000,000 | 93,000,000 | 132,000,000 | 347,000,000 | 112,000,000 | ||||
transaction, reorganization, and separation | 3,000,000 | 5,000,000 | 9,000,000 | 4,000,000 | 5,000,000 | 2,000,000 | 4,000,000 | 5,000,000 | 4,000,000 | 3,000,000 | 14,000,000 | 14,000,000 | 4,000,000 | 4,000,000 | 10,000,000 | 7,000,000 | 10,000,000 | 27,000,000 | 7,000,000 | 6,000,000 | 4,000,000 | 8,000,000 | 12,000,000 | 20,000,000 | 4,000,000 | -10,000,000 | 12,000,000 | 9,000,000 | 15,000,000 | |||||||||
depreciation, depletion, and amortization | 418,000,000 | 394,000,000 | 373,000,000 | 375,000,000 | 377,000,000 | 339,000,000 | 308,000,000 | 320,000,000 | 288,000,000 | 278,000,000 | 291,000,000 | 332,000,000 | 335,000,000 | 351,000,000 | 342,000,000 | 390,000,000 | 398,000,000 | 418,000,000 | 566,000,000 | 711,000,000 | 602,000,000 | 646,000,000 | ||||||||||||||||
asset retirement obligation accretion | 33,000,000 | 34,000,000 | 40,000,000 | 30,000,000 | 29,000,000 | 29,000,000 | 28,000,000 | 30,000,000 | 29,000,000 | 29,000,000 | 29,000,000 | 28,000,000 | 29,000,000 | 28,000,000 | 28,000,000 | 28,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 26,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 30,000,000 | 37,000,000 | 36,000,000 | 40,000,000 | 38,000,000 | 38,000,000 | 57,000,000 | 115,000,000 | 39,000,000 | ||||
impairments | 1,111,000,000 | 15,000,000 | 46,000,000 | 190,000,000 | 18,000,000 | 9,000,000 | 20,000,000 | 4,472,000,000 | 9,000,000 | 240,000,000 | 10,000,000 | 8,000,000 | 836,000,000 | 173,000,000 | ||||||||||||||||||||||||
financing costs | 20,000,000 | 26,000,000 | 33,000,000 | 34,000,000 | 40,000,000 | 42,000,000 | 49,000,000 | 56,000,000 | 55,000,000 | 62,000,000 | 140,000,000 | 79,000,000 | 192,000,000 | 94,000,000 | 107,000,000 | 99,000,000 | 99,000,000 | -34,000,000 | 103,000,000 | 95,000,000 | 173,000,000 | 97,000,000 | 192,000,000 | 94,000,000 | 99,000,000 | 101,000,000 | 99,000,000 | 100,000,000 | 102,000,000 | 104,000,000 | 90,000,000 | 45,000,000 | 121,000,000 | 37,000,000 | ||||
net income before income taxes | -382,000,000 | 1,010,000,000 | 600,000,000 | 587,000,000 | 867,000,000 | 692,000,000 | 770,000,000 | 839,000,000 | 1,180,000,000 | 1,523,000,000 | 2,332,000,000 | 678,000,000 | 154,000,000 | 522,000,000 | 626,000,000 | 70,000,000 | 72,000,000 | -416,000,000 | -4,566,000,000 | 14,000,000 | -152,000,000 | 165,000,000 | 406,000,000 | 508,000,000 | 388,000,000 | 9,000,000 | 538,000,000 | |||||||||||
current income tax provision | 267,000,000 | 336,000,000 | 300,000,000 | 316,000,000 | 422,000,000 | 254,000,000 | 346,000,000 | 343,000,000 | 357,000,000 | 415,000,000 | 392,000,000 | 189,000,000 | 183,000,000 | 149,000,000 | 56,000,000 | 58,000,000 | -27,000,000 | 89,000,000 | 141,000,000 | 187,000,000 | 186,000,000 | 262,000,000 | 249,000,000 | 198,000,000 | 99,000,000 | 126,000,000 | 150,000,000 | 144,000,000 | 460,000,000 | 1,790,000,000 | 473,000,000 | |||||||
deferred income tax benefit | -522,000,000 | 29,000,000 | -18,000,000 | -7,250,000 | -134,000,000 | -14,000,000 | 119,000,000 | 57,750,000 | 293,000,000 | -21,000,000 | -41,000,000 | -23,000,000 | -29,000,000 | -40,000,000 | 18,000,000 | -17,750,000 | -27,000,000 | -11,000,000 | -33,000,000 | -10,000,000 | -23,000,000 | -19,000,000 | -17,000,000 | -10,000,000 | -16,000,000 | -111,000,000 | -730,000,000 | 83,000,000 | -225,000,000 | -181,000,000 | ||||||||
net income including noncontrolling interests | -127,000,000 | 645,000,000 | 318,000,000 | 1,894,000,000 | 579,000,000 | 452,000,000 | 305,000,000 | 582,000,000 | 530,000,000 | 1,129,000,000 | 1,981,000,000 | 512,000,000 | 431,000,000 | 459,000,000 | 55,000,000 | 41,000,000 | -4,622,000,000 | -117,000,000 | ||||||||||||||||||||
net income attributable to noncontrolling interest – sinopec | 84,000,000 | 79,000,000 | 80,000,000 | 91,000,000 | 96,000,000 | 81,000,000 | 84,000,000 | |||||||||||||||||||||||||||||||
net income attributable to noncontrolling interest – apa corporation | 107,000,000 | 102,000,000 | 102,000,000 | 91,000,000 | 96,000,000 | 81,000,000 | 84,000,000 | |||||||||||||||||||||||||||||||
net income attributable to apache corporation | -318,000,000 | 464,000,000 | 136,000,000 | 1,712,000,000 | 387,000,000 | 290,000,000 | 137,000,000 | |||||||||||||||||||||||||||||||
derivative instrument losses | -175,000,000 | -103,000,000 | -2,000,000 | -8,000,000 | -23,000,000 | -110,000,000 | ||||||||||||||||||||||||||||||||
net income attributable to noncontrolling interest – altus | ||||||||||||||||||||||||||||||||||||||
net income attributable to altus preferred unit limited partners | -70,000,000 | 89,000,000 | 30,000,000 | 24,000,000 | 19,000,000 | 20,000,000 | 19,000,000 | 19,000,000 | 18,000,000 | 18,000,000 | 4,000,000 | |||||||||||||||||||||||||||
net income attributable to noncontrolling interest - sinopec | 96,000,000 | 108,000,000 | 141,000,000 | 119,000,000 | ||||||||||||||||||||||||||||||||||
net income attributable to noncontrolling interest - altus | 14,000,000 | -28,000,000 | 4,000,000 | 27,000,000 | 1,000,000 | 8,000,000 | 2,000,000 | -9,000,000 | -3,000,000 | -3,000,000 | 1,000,000 | |||||||||||||||||||||||||||
net income attributable to noncontrolling interest - apa corporation | 57,000,000 | 65,000,000 | 85,000,000 | 71,000,000 | ||||||||||||||||||||||||||||||||||
net income attributable to apa corporation | 429,000,000 | 357,000,000 | 903,000,000 | 1,847,000,000 | 409,000,000 | -83,000,000 | 339,000,000 | 397,000,000 | ||||||||||||||||||||||||||||||
net income attributable to noncontrolling interest - egypt | 42,000,000 | 49,000,000 | 41,000,000 | 42,000,000 | 17,000,000 | 24,000,000 | -11,000,000 | -151,000,000 | 38,000,000 | 43,000,000 | 44,000,000 | |||||||||||||||||||||||||||
current income tax benefit | 131,000,000 | 188,000,000 | 35,000,000 | |||||||||||||||||||||||||||||||||||
net loss attributable to common stock | -1,217,500,000 | -4,000,000 | -386,000,000 | -607,000,000 | -244,000,000 | |||||||||||||||||||||||||||||||||
net loss per common share: | ||||||||||||||||||||||||||||||||||||||
basic | -3,222,500 | -10,000 | -1,020,000 | |||||||||||||||||||||||||||||||||||
diluted | -3,222,500 | -20,000 | -1,020,000 | |||||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding: | ||||||||||||||||||||||||||||||||||||||
basic | 378,000,000 | 378,000,000 | 378,000,000 | 378,000,000 | 377,000,000 | 377,000,000 | 376,000,000 | 383,000,000 | 382,000,000 | 382,000,000 | 381 | 381,000,000 | 380,000,000 | 380 | 379 | 378 | 389,000,000 | 389,000,000 | 384,000,000 | 384,000,000 | ||||||||||||||||||
diluted | 378,000,000 | 378,000,000 | 378,000,000 | 378,000,000 | 377,000,000 | 377,000,000 | 376,000,000 | 385,000,000 | 385,000,000 | 384,000,000 | 383 | 383,000,000 | 383,000,000 | 380 | 379 | 378 | 391,000,000 | 390,000,000 | 400,000,000 | 400,000,000 | ||||||||||||||||||
net loss including noncontrolling interests | -378,000,000 | |||||||||||||||||||||||||||||||||||||
net loss attributable to noncontrolling interest - altus | ||||||||||||||||||||||||||||||||||||||
net income attributable to common stock | -4,480,000,000 | -170,000,000 | -360,000,000 | -47,000,000 | 81,000,000 | 195,000,000 | 145,000,000 | 63,000,000 | 572,000,000 | 213,000,000 | -489,000,000 | |||||||||||||||||||||||||||
net income per common share: | ||||||||||||||||||||||||||||||||||||||
basic | -11,860,000 | -450,000 | -960,000 | -120,000 | 210,000 | 510,000 | 380,000 | 1,500,000 | 560,000 | 870,000 | 9,190,000 | 2,560,000 | ||||||||||||||||||||||||||
diluted | -11,860,000 | -450,000 | -960,000 | -120,000 | 210,000 | 510,000 | 380,000 | 1,500,000 | 560,000 | 860,000 | 8,970,000 | 2,500,000 | ||||||||||||||||||||||||||
oil and gas production revenues | 3,956,000,000 | 12,528,000,000 | 4,282,000,000 | |||||||||||||||||||||||||||||||||||
oil revenues | 1,207,000,000 | 1,397,000,000 | 1,310,000,000 | 1,555,000,000 | 1,576,000,000 | 1,392,000,000 | 1,070,000,000 | 1,050,000,000 | 1,172,000,000 | 1,117,000,000 | 1,118,000,000 | 795,000,000 | ||||||||||||||||||||||||||
natural gas revenues | 136,000,000 | 118,000,000 | 236,000,000 | 241,000,000 | 212,000,000 | 218,000,000 | ||||||||||||||||||||||||||||||||
natural gas liquids revenues | 95,000,000 | 83,000,000 | 108,000,000 | 180,000,000 | 148,000,000 | 118,000,000 | 81,000,000 | 63,000,000 | 85,000,000 | 59,000,000 | 59,000,000 | 42,000,000 | ||||||||||||||||||||||||||
net income including noncontrolling interest | -316,000,000 | -2,000,000 | 161,000,000 | 269,000,000 | 206,000,000 | 105,000,000 | 613,000,000 | 267,000,000 | -561,000,000 | |||||||||||||||||||||||||||||
dividends declared per common share | 250,000 | 250,000 | 250,000 | 250,000 | 0.25 | 250,000 | 250,000 | 0.25 | 0.25 | 0.25 | 170,000 | 450,000 | 150,000 | |||||||||||||||||||||||||
gathering, transmission, and processing | 92,000,000 | 82,000,000 | 81,000,000 | |||||||||||||||||||||||||||||||||||
depreciation, depletion, and amortization: | ||||||||||||||||||||||||||||||||||||||
oil and gas property and equipment | 575,000,000 | 573,000,000 | 518,000,000 | 524,000,000 | 536,000,000 | 538,000,000 | 610,000,000 | 629,000,000 | ||||||||||||||||||||||||||||||
other assets | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 36,000,000 | 38,000,000 | 38,000,000 | 40,000,000 | 42,000,000 | |||||||||||||||||||||||||||||
net income attributable to noncontrolling interest | 80,000,000 | 74,000,000 | 61,000,000 | 42,000,000 | 41,000,000 | 54,000,000 | 48,000,000 | 44,000,000 | -72,000,000 | |||||||||||||||||||||||||||||
gas revenues | 238,000,000 | 233,000,000 | 255,000,000 | 263,000,000 | 209,000,000 | 223,000,000 | ||||||||||||||||||||||||||||||||
gathering and transportation | 39,000,000 | 48,000,000 | 57,000,000 | 51,000,000 | 52,000,000 | 52,000,000 | 72,000,000 | 224,000,000 | 72,000,000 | |||||||||||||||||||||||||||||
net income from continuing operations before income taxes | 93,000,000 | -707,000,000 | ||||||||||||||||||||||||||||||||||||
net income from continuing operations including noncontrolling interest | 105,000,000 | -561,000,000 | ||||||||||||||||||||||||||||||||||||
net income from discontinued operations, net of tax | ||||||||||||||||||||||||||||||||||||||
net income attributable to common shareholders: | ||||||||||||||||||||||||||||||||||||||
net income from continuing operations attributable to common shareholders | 63,000,000 | -489,000,000 | ||||||||||||||||||||||||||||||||||||
net income from discontinued operations | ||||||||||||||||||||||||||||||||||||||
net income attributable to common shareholders | 63,000,000 | -489,000,000 | ||||||||||||||||||||||||||||||||||||
net income per common share: | ||||||||||||||||||||||||||||||||||||||
basic net income from continuing operations per share | 0.16 | -1.29 | ||||||||||||||||||||||||||||||||||||
basic net income from discontinued operations per share | ||||||||||||||||||||||||||||||||||||||
basic net income per share | 0.16 | -1.29 | ||||||||||||||||||||||||||||||||||||
diluted net income per common share: | ||||||||||||||||||||||||||||||||||||||
diluted net income from continuing operations per share | 0.16 | -1.29 | ||||||||||||||||||||||||||||||||||||
diluted net income from discontinued operations per share | ||||||||||||||||||||||||||||||||||||||
diluted net income per share | 0.16 | -1.29 | ||||||||||||||||||||||||||||||||||||
oil and gas production revenues - sum | 1,439,000,000 | 1,386,000,000 | ||||||||||||||||||||||||||||||||||||
loss from continuing operations before income taxes | -905,000,000 | -281,000,000 | ||||||||||||||||||||||||||||||||||||
deferred income tax provision | -529,000,000 | -5,000,000 | 154,750,000 | 619,000,000 | ||||||||||||||||||||||||||||||||||
net loss from continuing operations including noncontrolling interest | -526,000,000 | -200,000,000 | ||||||||||||||||||||||||||||||||||||
net loss from discontinued operations, net of tax | -33,000,000 | |||||||||||||||||||||||||||||||||||||
net loss including noncontrolling interest | -559,000,000 | -200,000,000 | ||||||||||||||||||||||||||||||||||||
net loss attributable to common shareholders: | ||||||||||||||||||||||||||||||||||||||
net loss from continuing operations attributable to common shareholders | -574,000,000 | -244,000,000 | ||||||||||||||||||||||||||||||||||||
net loss from discontinued operations | -33,000,000 | |||||||||||||||||||||||||||||||||||||
net loss attributable to common shareholders | -607,000,000 | -244,000,000 | ||||||||||||||||||||||||||||||||||||
net loss per common share: | ||||||||||||||||||||||||||||||||||||||
basic net loss from continuing operations per share | -1.51 | -0.65 | ||||||||||||||||||||||||||||||||||||
basic net loss from discontinued operations per share | -0.09 | |||||||||||||||||||||||||||||||||||||
basic net loss per share | -1.6 | -0.65 | ||||||||||||||||||||||||||||||||||||
diluted net loss per common share: | ||||||||||||||||||||||||||||||||||||||
diluted net loss from continuing operations per share | -1.51 | -0.65 | ||||||||||||||||||||||||||||||||||||
diluted net loss from discontinued operations per share | -0.09 | |||||||||||||||||||||||||||||||||||||
diluted net loss per share | -1.6 | -0.65 | ||||||||||||||||||||||||||||||||||||
recurring | 552,000,000 | 1,284,000,000 | ||||||||||||||||||||||||||||||||||||
additional | 488,000,000 | 648,000,000 | ||||||||||||||||||||||||||||||||||||
revenues and other: - sum | 3,972,000,000 | |||||||||||||||||||||||||||||||||||||
depreciation, depletion and amortization | 266,250,000 | 1,065,000,000 | ||||||||||||||||||||||||||||||||||||
merger, acquisitions & transition | 16,000,000 | 16,000,000 | 4,000,000 | |||||||||||||||||||||||||||||||||||
depreciation, depletion and amortization - sum | 3,161,000,000 | |||||||||||||||||||||||||||||||||||||
income before income taxes | 811,000,000 | 5,999,000,000 | 2,094,000,000 | |||||||||||||||||||||||||||||||||||
net income | 356,000,000 | 3,582,000,000 | 1,002,000,000 | |||||||||||||||||||||||||||||||||||
yoy | ||||||||||||||||||||||||||||||||||||||
qoq | -90.06% | 257.49% | ||||||||||||||||||||||||||||||||||||
net income margin % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | Infinity% | Infinity% | Infinity% | |||
preferred stock dividends | 19,000,000 | 57,000,000 | 19,000,000 | |||||||||||||||||||||||||||||||||||
income attributable to common stock | 337,000,000 | 3,525,000,000 | 983,000,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2012-06-30 | 2011-12-31 | 2011-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 61,000,000 | 151,000,000 | 96,000,000 | 84,000,000 | 92,000,000 | 128,000,000 | 117,000,000 | 185,000,000 | 183,000,000 | 228,000,000 | 144,000,000 | 279,000,000 | 348,000,000 | 1,022,000,000 | 281,000,000 | 262,000,000 | 162,000,000 | 135,000,000 | 428,000,000 | 247,000,000 | 163,000,000 | 549,000,000 | 327,000,000 | 593,000,000 | 972,000,000 | 1,077,000,000 | 1,846,000,000 | 1,667,000,000 | 1,521,000,000 | 1,230,000,000 | 1,201,000,000 | 1,004,000,000 | 1,467,000,000 | 769,000,000 | 1,906,000,000 | 160,000,000 | 361,000,000 | 295,000,000 | 586,000,000 |
accounts receivable | 1,434,000,000 | 1,680,000,000 | 1,536,000,000 | 1,559,000,000 | 1,700,000,000 | 1,331,000,000 | 1,483,000,000 | 1,424,000,000 | 1,812,000,000 | 1,873,000,000 | 1,625,000,000 | 1,390,000,000 | 1,167,000,000 | 1,065,000,000 | 1,057,000,000 | 908,000,000 | 899,000,000 | 871,000,000 | 838,000,000 | 1,062,000,000 | 1,185,000,000 | 1,457,000,000 | 1,446,000,000 | 1,409,000,000 | 1,145,000,000 | 1,015,000,000 | 1,171,000,000 | 1,064,000,000 | 1,016,000,000 | 1,120,000,000 | 1,253,000,000 | 2,024,000,000 | 2,952,000,000 | 3,086,000,000 | 2,625,000,000 | 3,079,000,000 | 2,560,000,000 | ||
assets held for sale | 1,091,000,000 | 217,000,000 | 1,231,000,000 | 1,628,000,000 | |||||||||||||||||||||||||||||||||||
other current assets | 781,000,000 | 772,000,000 | 779,000,000 | 725,000,000 | 880,000,000 | 1,161,000,000 | 1,090,000,000 | 993,000,000 | 925,000,000 | 871,000,000 | 695,000,000 | 649,000,000 | 599,000,000 | 599,000,000 | 709,000,000 | 676,000,000 | 658,000,000 | 652,000,000 | 642,000,000 | 652,000,000 | 738,000,000 | 1,144,000,000 | |||||||||||||||||
accounts receivable from apa corporation | 76,000,000 | 68,000,000 | 53,000,000 | 52,000,000 | 46,000,000 | 437,000,000 | 90,000,000 | 96,000,000 | 77,000,000 | 55,000,000 | |||||||||||||||||||||||||||||
current assets: - sum | 3,443,000,000 | 2,671,000,000 | 2,464,000,000 | 2,420,000,000 | 2,718,000,000 | 2,620,000,000 | 2,690,000,000 | 2,602,000,000 | 3,357,000,000 | 3,062,000,000 | 2,560,000,000 | 2,169,000,000 | 2,686,000,000 | 2,047,000,000 | 3,272,000,000 | 3,292,000,000 | 4,639,000,000 | ||||||||||||||||||||||
property and equipment: | |||||||||||||||||||||||||||||||||||||||
oil and gas properties | 37,359,000,000 | 42,970,000,000 | 43,791,000,000 | 42,537,000,000 | 42,117,000,000 | 41,658,000,000 | 40,939,000,000 | 40,548,000,000 | 40,223,000,000 | 40,205,000,000 | 40,233,000,000 | 41,880,000,000 | |||||||||||||||||||||||||||
gathering, processing, and transmission facilities | 447,000,000 | 447,000,000 | 448,000,000 | 448,000,000 | 447,000,000 | 447,000,000 | 447,000,000 | 449,000,000 | 447,000,000 | 447,000,000 | 464,000,000 | 673,000,000 | 673,000,000 | 668,000,000 | 671,000,000 | 670,000,000 | 677,000,000 | 676,000,000 | 674,000,000 | 799,000,000 | 2,061,000,000 | 2,057,000,000 | 1,958,000,000 | ||||||||||||||||
other | 556,000,000 | 537,000,000 | 625,000,000 | 634,000,000 | 613,000,000 | 598,000,000 | 614,000,000 | 613,000,000 | 606,000,000 | 604,000,000 | 1,123,000,000 | 1,126,000,000 | 1,124,000,000 | 1,140,000,000 | 1,139,000,000 | 1,140,000,000 | 1,138,000,000 | 1,140,000,000 | 1,141,000,000 | 1,140,000,000 | 1,177,000,000 | 1,156,000,000 | 1,154,000,000 | 1,081,000,000 | 1,062,000,000 | 1,056,000,000 | 1,012,000,000 | 998,000,000 | 1,116,000,000 | 1,102,000,000 | 1,098,000,000 | 1,094,000,000 | 1,093,000,000 | 1,152,000,000 | 1,071,000,000 | 1,055,000,000 | 870,000,000 | 709,000,000 | 675,000,000 |
less: accumulated depreciation, depletion, and amortization | -31,803,000,000 | -35,496,000,000 | -36,081,000,000 | -35,707,000,000 | -35,319,000,000 | -34,952,000,000 | -34,636,000,000 | -34,350,000,000 | -34,033,000,000 | -33,756,000,000 | -34,058,000,000 | -34,213,000,000 | -33,889,000,000 | -33,744,000,000 | -35,146,000,000 | -34,810,000,000 | -34,486,000,000 | -34,090,000,000 | -33,652,000,000 | -28,987,000,000 | -26,953,000,000 | -26,236,000,000 | -28,654,000,000 | -27,399,000,000 | -26,796,000,000 | -26,196,000,000 | -25,099,000,000 | -24,615,000,000 | -28,353,000,000 | -27,178,000,000 | -26,571,000,000 | -80,784,000,000 | -79,706,000,000 | -55,382,000,000 | -47,398,000,000 | -40,867,000,000 | |||
property and equipment: - sum | 6,559,000,000 | 8,458,000,000 | 8,783,000,000 | 8,724,000,000 | 8,278,000,000 | 8,210,000,000 | 8,083,000,000 | 7,957,000,000 | 7,959,000,000 | 7,843,000,000 | 7,752,000,000 | 8,113,000,000 | 8,297,000,000 | 8,544,000,000 | |||||||||||||||||||||||||
other assets: | |||||||||||||||||||||||||||||||||||||||
equity method interests | 437,000,000 | 681,000,000 | 695,000,000 | 605,000,000 | 624,000,000 | 602,000,000 | 618,000,000 | 576,000,000 | 1,365,000,000 | 1,538,000,000 | 1,554,000,000 | 1,567,000,000 | 1,555,000,000 | 1,524,000,000 | 1,408,000,000 | 1,337,000,000 | 1,258,000,000 | 1,095,000,000 | 527,000,000 | 209,000,000 | |||||||||||||||||||
decommissioning security for sold gulf of mexico properties | 21,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 38,000,000 | 57,000,000 | 132,000,000 | 217,000,000 | 376,000,000 | 383,000,000 | 640,000,000 | 640,000,000 | 740,000,000 | ||||||||||||||||||||||||||
deferred tax asset | 1,973,000,000 | 1,620,000,000 | 1,695,000,000 | 1,747,000,000 | 769,000,000 | ||||||||||||||||||||||||||||||||||
deferred charges and other | 571,000,000 | 531,000,000 | 525,000,000 | 522,000,000 | 519,000,000 | 517,000,000 | 553,000,000 | 571,000,000 | 483,000,000 | 550,000,000 | 583,000,000 | 581,000,000 | 514,000,000 | 529,000,000 | 495,000,000 | 526,000,000 | 565,000,000 | 589,000,000 | 560,000,000 | 730,000,000 | 684,000,000 | 732,000,000 | 747,000,000 | 439,000,000 | 435,000,000 | 452,000,000 | 411,000,000 | 404,000,000 | 404,000,000 | 415,000,000 | 911,000,000 | 915,000,000 | 971,000,000 | 1,374,000,000 | 1,481,000,000 | 1,206,000,000 | 1,329,000,000 | 686,000,000 | 738,000,000 |
noncurrent receivable from apa corporation | 821,000,000 | 470,000,000 | 229,000,000 | 93,000,000 | 869,000,000 | ||||||||||||||||||||||||||||||||||
notes receivable from apa corporation | 3,548,000,000 | 3,514,000,000 | 3,014,000,000 | 2,565,000,000 | 2,473,000,000 | 2,196,000,000 | |||||||||||||||||||||||||||||||||
liabilities, noncontrolling interests, and equity | |||||||||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||||||||
accounts payable | 584,000,000 | 533,000,000 | 598,000,000 | 560,000,000 | 640,000,000 | 562,000,000 | 563,000,000 | 646,000,000 | 804,000,000 | 827,000,000 | 633,000,000 | 651,000,000 | 643,000,000 | 587,000,000 | 508,000,000 | 444,000,000 | 395,000,000 | 459,000,000 | 528,000,000 | 695,000,000 | 661,000,000 | 644,000,000 | 679,000,000 | 744,000,000 | 682,000,000 | 708,000,000 | 583,000,000 | 533,000,000 | 564,000,000 | 557,000,000 | 544,000,000 | 571,000,000 | 618,000,000 | 1,210,000,000 | 1,616,000,000 | 1,092,000,000 | 1,061,000,000 | 1,048,000,000 | 852,000,000 |
current debt | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 125,000,000 | 125,000,000 | 125,000,000 | 215,000,000 | 215,000,000 | 215,000,000 | 2,000,000 | 2,000,000 | 184,000,000 | 294,000,000 | 544,000,000 | 11,000,000 | 19,000,000 | 175,000,000 | 339,000,000 | 150,000,000 | 400,000,000 | 400,000,000 | 550,000,000 | 53,000,000 | 990,000,000 | 568,000,000 | 431,000,000 | 417,000,000 | |||||||
liabilities held for sale | 224,000,000 | 939,000,000 | |||||||||||||||||||||||||||||||||||||
other current liabilities | 1,567,000,000 | 1,580,000,000 | 1,325,000,000 | 1,669,000,000 | 1,843,000,000 | 1,935,000,000 | 1,732,000,000 | 2,049,000,000 | 1,825,000,000 | 1,721,000,000 | 1,222,000,000 | 1,170,000,000 | 937,000,000 | 942,000,000 | 777,000,000 | 862,000,000 | 803,000,000 | 957,000,000 | 953,000,000 | 1,149,000,000 | 1,241,000,000 | 1,443,000,000 | 1,356,000,000 | 1,313,000,000 | 1,230,000,000 | 1,234,000,000 | 1,332,000,000 | 1,401,000,000 | 1,334,000,000 | 1,071,000,000 | 1,026,000,000 | 1,027,000,000 | 1,223,000,000 | 2,417,000,000 | 2,611,000,000 | 2,860,000,000 | 3,004,000,000 | ||
current liabilities: - sum | 2,377,000,000 | 2,115,000,000 | 1,925,000,000 | 2,231,000,000 | 2,485,000,000 | 2,625,000,000 | 2,313,000,000 | 2,697,000,000 | 2,754,000,000 | 3,022,000,000 | 2,154,000,000 | 2,038,000,000 | 1,778,000,000 | 1,343,000,000 | 1,628,000,000 | 1,570,000,000 | 5,121,000,000 | ||||||||||||||||||||||
long-term debt | 4,814,000,000 | 4,814,000,000 | 4,813,000,000 | 4,814,000,000 | 4,814,000,000 | 4,812,000,000 | 4,918,000,000 | 4,885,000,000 | 4,884,000,000 | 4,885,000,000 | 5,764,000,000 | 7,295,000,000 | 7,193,000,000 | 8,420,000,000 | 8,713,000,000 | 8,770,000,000 | 8,750,000,000 | 8,523,000,000 | 8,336,000,000 | 8,555,000,000 | 8,393,000,000 | 8,157,000,000 | 8,094,000,000 | 8,053,000,000 | 7,937,000,000 | 7,936,000,000 | 7,933,000,000 | 8,329,000,000 | 8,327,000,000 | 8,721,000,000 | 8,719,000,000 | 8,718,000,000 | 8,777,000,000 | 11,245,000,000 | 9,672,000,000 | 11,355,000,000 | 9,670,000,000 | 6,785,000,000 | 6,785,000,000 |
deferred credits and other noncurrent liabilities: | |||||||||||||||||||||||||||||||||||||||
deferred tax liability | 86,000,000 | 256,000,000 | 300,000,000 | 371,000,000 | |||||||||||||||||||||||||||||||||||
asset retirement obligation | 2,349,000,000 | 2,367,000,000 | 2,388,000,000 | 2,354,000,000 | 2,000,000,000 | 1,978,000,000 | 1,959,000,000 | 1,936,000,000 | 2,074,000,000 | 2,061,000,000 | 2,043,000,000 | 2,089,000,000 | 1,912,000,000 | 1,893,000,000 | 1,914,000,000 | 1,888,000,000 | 1,859,000,000 | 1,836,000,000 | 1,814,000,000 | 1,811,000,000 | 1,853,000,000 | 1,850,000,000 | 1,879,000,000 | 1,867,000,000 | 1,845,000,000 | 1,819,000,000 | 1,831,000,000 | 1,811,000,000 | 2,460,000,000 | 2,742,000,000 | 2,706,000,000 | 2,586,000,000 | 2,562,000,000 | 3,048,000,000 | 3,101,000,000 | 4,100,000,000 | 3,739,000,000 | 447,000,000 | 2,603,000,000 |
decommissioning contingency for sold gulf of mexico properties | 759,000,000 | 768,000,000 | 807,000,000 | 764,000,000 | 470,000,000 | 472,000,000 | 656,000,000 | 738,000,000 | 801,000,000 | 825,000,000 | 1,086,000,000 | 1,086,000,000 | 1,186,000,000 | ||||||||||||||||||||||||||
deferred credits and other noncurrent liabilities: - sum | 3,730,000,000 | 3,880,000,000 | 3,958,000,000 | 3,955,000,000 | 3,208,000,000 | 3,321,000,000 | 3,506,000,000 | 3,431,000,000 | 3,691,000,000 | 3,442,000,000 | 3,744,000,000 | 3,794,000,000 | 2,625,000,000 | 2,727,000,000 | 4,851,000,000 | 5,361,000,000 | 11,753,000,000 | ||||||||||||||||||||||
equity: | |||||||||||||||||||||||||||||||||||||||
common stock | 262,000,000 | 262,000,000 | 262,000,000 | 262,000,000 | 261,000,000 | 261,000,000 | 261,000,000 | 261,000,000 | 260,000,000 | 260,000,000 | 259,000,000 | 259,000,000 | 259,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 257,000,000 | 257,000,000 | 256,000,000 | 255,000,000 | 245,000,000 | 241,000,000 | 241,000,000 | ||||||||||||||||
paid-in capital | 7,738,000,000 | 7,822,000,000 | 7,904,000,000 | 7,972,000,000 | 8,044,000,000 | 8,037,000,000 | 8,031,000,000 | 8,025,000,000 | 8,020,000,000 | 8,054,000,000 | 8,381,000,000 | 8,677,000,000 | 9,532,000,000 | 9,535,000,000 | 9,557,000,000 | 11,735,000,000 | 11,741,000,000 | 11,744,000,000 | 11,747,000,000 | 11,769,000,000 | 11,852,000,000 | 11,931,000,000 | 12,009,000,000 | 11,945,000,000 | 12,011,000,000 | 12,069,000,000 | 12,186,000,000 | 12,246,000,000 | 12,305,000,000 | 12,421,000,000 | 12,487,000,000 | 12,407,000,000 | 12,467,000,000 | 12,438,000,000 | 12,251,000,000 | 9,859,000,000 | 9,736,000,000 | 9,066,000,000 | 9,017,000,000 |
accumulated deficit | -2,973,000,000 | -2,655,000,000 | -3,119,000,000 | -3,255,000,000 | -4,967,000,000 | -5,354,000,000 | -5,644,000,000 | -5,781,000,000 | -6,210,000,000 | -6,567,000,000 | -7,470,000,000 | -9,317,000,000 | -9,726,000,000 | -9,642,000,000 | -9,982,000,000 | -10,461,000,000 | -10,471,000,000 | -10,467,000,000 | -10,081,000,000 | -5,601,000,000 | -2,625,000,000 | -2,455,000,000 | -2,095,000,000 | -1,667,000,000 | -1,748,000,000 | -1,943,000,000 | -2,544,000,000 | -2,607,000,000 | -3,179,000,000 | -3,203,000,000 | -2,596,000,000 | -7,642,000,000 | |||||||
accumulated other comprehensive income | 14,000,000 | 14,000,000 | 15,000,000 | 15,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 14,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 22,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 14,000,000 | 16,000,000 | 15,000,000 | 15,000,000 | 16,000,000 | 3,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 11,000,000 | 62,000,000 | |||||||||||
equity attributable to apache corporation | 4,779,000,000 | 5,181,000,000 | 4,800,000,000 | 4,732,000,000 | 3,094,000,000 | 2,700,000,000 | |||||||||||||||||||||||||||||||||
noncontrolling interest – sinopec | 1,046,000,000 | 1,072,000,000 | 1,046,000,000 | 1,036,000,000 | 1,029,000,000 | 987,000,000 | 989,000,000 | ||||||||||||||||||||||||||||||||
noncontrolling interest – apa corporation | 190,000,000 | 223,000,000 | 189,000,000 | 176,000,000 | 169,000,000 | 127,000,000 | 129,000,000 | ||||||||||||||||||||||||||||||||
total equity | 6,015,000,000 | 6,476,000,000 | 6,035,000,000 | 5,944,000,000 | 4,292,000,000 | 3,814,000,000 | 3,522,000,000 | 3,242,000,000 | 2,863,000,000 | 2,490,000,000 | 1,832,000,000 | 260,000,000 | 766,000,000 | 948,000,000 | 587,000,000 | -645,000,000 | -637,000,000 | -636,000,000 | -228,000,000 | 4,465,000,000 | 7,868,000,000 | 8,154,000,000 | 8,609,000,000 | 8,946,000,000 | 8,995,000,000 | 8,869,000,000 | 8,377,000,000 | 8,265,000,000 | 7,823,000,000 | 7,949,000,000 | 8,696,000,000 | 3,554,000,000 | 4,228,000,000 | 28,137,000,000 | 35,393,000,000 | ||||
oil and gas properties, on the basis of successful efforts accounting: | 43,349,000,000 | ||||||||||||||||||||||||||||||||||||||
note receivable from apa corporation | 2,980,000,000 | 1,415,000,000 | 1,415,000,000 | 1,383,000,000 | 1,383,000,000 | 1,352,000,000 | 1,352,000,000 | 1,322,000,000 | 1,322,000,000 | ||||||||||||||||||||||||||||||
liabilities, noncontrolling interest, and equity | |||||||||||||||||||||||||||||||||||||||
income taxes | 299,000,000 | 431,000,000 | 441,000,000 | 314,000,000 | 389,000,000 | 88,000,000 | 105,000,000 | 148,000,000 | 169,000,000 | 195,000,000 | 234,000,000 | 215,000,000 | 271,000,000 | 299,000,000 | 309,000,000 | 346,000,000 | 340,000,000 | 348,000,000 | 370,000,000 | 502,000,000 | 518,000,000 | 528,000,000 | 948,000,000 | 1,058,000,000 | 1,789,000,000 | 1,783,000,000 | 2,308,000,000 | 891,000,000 | 1,072,000,000 | 9,499,000,000 | 8,364,000,000 | 8,024,000,000 | 7,383,000,000 | 7,197,000,000 | 5,535,000,000 | ||||
accounts payable to apa corporation | 126,000,000 | 16,000,000 | 34,000,000 | 56,000,000 | |||||||||||||||||||||||||||||||||||
equity | |||||||||||||||||||||||||||||||||||||||
equity attributable to apa corporation | 2,404,000,000 | ||||||||||||||||||||||||||||||||||||||
oil and gas, on the basis of successful efforts accounting: | 41,245,000,000 | 40,474,000,000 | |||||||||||||||||||||||||||||||||||||
note payable to apa corporation | 349,000,000 | 174,000,000 | 195,000,000 | 243,000,000 | |||||||||||||||||||||||||||||||||||
redeemable noncontrolling interest - altus preferred unit limited partners | 712,000,000 | 635,000,000 | 617,000,000 | 605,000,000 | 608,000,000 | 600,000,000 | 592,000,000 | 573,000,000 | 555,000,000 | 539,000,000 | 521,000,000 | ||||||||||||||||||||||||||||
equity (deficit) attributable to apa corporation | 2,258,000,000 | 1,831,000,000 | 1,508,000,000 | 932,000,000 | |||||||||||||||||||||||||||||||||||
noncontrolling interest - sinopec | 922,000,000 | 952,000,000 | 921,000,000 | 870,000,000 | |||||||||||||||||||||||||||||||||||
noncontrolling interest - apa corporation | 62,000,000 | 80,000,000 | 61,000,000 | 30,000,000 | |||||||||||||||||||||||||||||||||||
noncontrolling interest - altus | 58,000,000 | 91,000,000 | 92,000,000 | 70,000,000 | 69,000,000 | 66,000,000 | 64,000,000 | 64,000,000 | 73,000,000 | 402,000,000 | 405,000,000 | 408,000,000 | |||||||||||||||||||||||||||
treasury stock | -3,189,000,000 | -3,189,000,000 | -3,189,000,000 | -3,189,000,000 | -3,190,000,000 | -3,190,000,000 | -3,190,000,000 | -3,190,000,000 | -2,930,000,000 | -2,887,000,000 | -2,887,000,000 | -2,887,000,000 | -2,887,000,000 | -2,887,000,000 | -2,888,000,000 | -2,888,000,000 | -2,888,000,000 | -2,889,000,000 | -2,890,000,000 | -1,027,000,000 | -30,000,000 | -30,000,000 | -32,000,000 | -32,000,000 | |||||||||||||||
deficit attributable to apa corporation | -618,000,000 | -179,000,000 | -92,000,000 | -410,000,000 | |||||||||||||||||||||||||||||||||||
noncontrolling interest - egypt | 820,000,000 | 854,000,000 | 948,000,000 | 927,000,000 | 925,000,000 | 938,000,000 | 935,000,000 | 954,000,000 | 1,137,000,000 | 1,165,000,000 | 1,198,000,000 | 1,212,000,000 | |||||||||||||||||||||||||||
proved properties | 41,217,000,000 | 41,119,000,000 | 41,003,000,000 | 40,795,000,000 | 40,540,000,000 | 40,114,000,000 | 39,573,000,000 | 42,462,000,000 | 41,518,000,000 | 40,644,000,000 | 39,958,000,000 | 38,569,000,000 | 38,118,000,000 | 42,949,000,000 | 42,591,000,000 | 42,469,000,000 | 89,685,000,000 | 89,069,000,000 | 89,852,000,000 | 83,390,000,000 | 78,383,000,000 | 72,545,000,000 | 67,805,000,000 | 63,086,000,000 | |||||||||||||||
unproved properties and properties under development | 602,000,000 | 619,000,000 | 615,000,000 | 628,000,000 | 666,000,000 | 1,256,000,000 | 1,206,000,000 | 1,371,000,000 | 1,704,000,000 | 1,807,000,000 | 1,773,000,000 | 1,810,000,000 | 1,796,000,000 | 1,950,000,000 | |||||||||||||||||||||||||
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||
apache shareholders’ equity | -1,639,000,000 | -1,641,000,000 | -1,635,000,000 | -1,246,000,000 | 3,255,000,000 | 6,301,000,000 | 6,551,000,000 | 6,989,000,000 | 7,612,000,000 | 7,640,000,000 | 7,502,000,000 | 7,011,000,000 | 6,899,000,000 | 6,385,000,000 | 6,469,000,000 | 7,142,000,000 | 2,018,000,000 | 2,566,000,000 | 25,937,000,000 | 33,396,000,000 | |||||||||||||||||||
receivables | 1,070,000,000 | 1,098,000,000 | |||||||||||||||||||||||||||||||||||||
inventories | 438,000,000 | 362,000,000 | 361,000,000 | 386,000,000 | 396,000,000 | 416,000,000 | 454,000,000 | 513,000,000 | 530,000,000 | 547,000,000 | 570,000,000 | 708,000,000 | 891,000,000 | 908,000,000 | 745,000,000 | 655,000,000 | 566,000,000 | ||||||||||||||||||||||
drilling advances | 213,000,000 | 229,000,000 | 177,000,000 | 247,000,000 | 151,000,000 | 99,000,000 | 93,000,000 | 209,000,000 | 202,000,000 | 190,000,000 | 172,000,000 | 388,000,000 | 371,000,000 | 584,000,000 | 356,000,000 | 229,000,000 | 277,000,000 | ||||||||||||||||||||||
prepaid assets and other | 124,000,000 | 144,000,000 | 183,000,000 | 134,000,000 | 135,000,000 | 219,000,000 | 187,000,000 | 256,000,000 | 343,000,000 | 361,000,000 | 290,000,000 | 129,000,000 | 245,000,000 | 193,000,000 | 320,000,000 | 241,000,000 | 587,000,000 | ||||||||||||||||||||||
liabilities and shareholders’ equity | |||||||||||||||||||||||||||||||||||||||
gathering, transmission and processing facilities | 1,742,000,000 | 1,619,000,000 | 1,495,000,000 | 1,254,000,000 | 1,118,000,000 | 886,000,000 | 862,000,000 | 1,048,000,000 | 5,623,000,000 | 5,175,000,000 | 4,684,000,000 | ||||||||||||||||||||||||||||
noncontrolling interest | 1,334,000,000 | 1,355,000,000 | 1,367,000,000 | 1,366,000,000 | 1,366,000,000 | 1,438,000,000 | 1,480,000,000 | 1,554,000,000 | 1,536,000,000 | 1,662,000,000 | 2,200,000,000 | 1,997,000,000 | |||||||||||||||||||||||||||
restricted cash | 96,000,000 | ||||||||||||||||||||||||||||||||||||||
gathering, transmission, and processing facilities | 1,363,000,000 | 1,052,000,000 | 5,440,000,000 | 6,995,000,000 | 5,955,000,000 | ||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -3,000,000 | -112,000,000 | -112,000,000 | -119,000,000 | -119,000,000 | -116,000,000 | -116,000,000 | -116,000,000 | -115,000,000 | -131,000,000 | -9,000,000 | ||||||||||||||||||||||||||||
unproved properties and properties under development, not being amortized | 2,061,000,000 | 2,285,000,000 | 2,499,000,000 | 2,611,000,000 | 7,014,000,000 | 8,363,000,000 | 8,754,000,000 | 8,539,000,000 | 5,530,000,000 | 5,315,000,000 | |||||||||||||||||||||||||||||
oil and gas, on the basis of successful efforts accounting: - sum | 46,640,000,000 | 46,714,000,000 | |||||||||||||||||||||||||||||||||||||
oil and gas, on the basis of full-cost accounting: | |||||||||||||||||||||||||||||||||||||||
liabilities and equity | |||||||||||||||||||||||||||||||||||||||
retained earnings | -7,153,000,000 | 16,249,000,000 | 22,032,000,000 | 20,161,000,000 | 19,484,000,000 | 18,500,000,000 | 17,388,000,000 | ||||||||||||||||||||||||||||||||
goodwill | 87,000,000 | 1,369,000,000 | 1,289,000,000 | 1,114,000,000 | 1,114,000,000 | 1,032,000,000 | |||||||||||||||||||||||||||||||||
current asset retirement obligation | 37,000,000 | 121,000,000 | 478,000,000 | 447,000,000 | 327,000,000 | ||||||||||||||||||||||||||||||||||
derivative instruments | 1,000,000 | 31,000,000 | 232,000,000 | 304,000,000 | 50,000,000 | ||||||||||||||||||||||||||||||||||
preferred stock, no par value, 10,000,000 shares authorized, 6% cumulative mandatory convertible, series d, 1,000 per share liquidation preference, 1,265,000 shares converted in 2013, 1,265,000 shares issued and outstanding in 2012 | |||||||||||||||||||||||||||||||||||||||
shareholders’ equity: | |||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 10,000,000 shares authorized, 6% cumulative mandatory convertible, series d, 1,000 per share liquidation preference, 1,265,000 shares issued and outstanding | 1,227,000,000 | 1,227,000,000 | 1,227,000,000 | 1,227,000,000 | |||||||||||||||||||||||||||||||||||
oil and gas, on the basis of full-cost accounting: - sum | 87,577,000,000 | ||||||||||||||||||||||||||||||||||||||
less: accumulated depreciation, depletion and amortization | -37,442,000,000 | -33,771,000,000 | -32,624,000,000 | ||||||||||||||||||||||||||||||||||||
385,249,885 shares issued, respectively | 245,000,000 | ||||||||||||||||||||||||||||||||||||||
shareholders’ equity: - sum | 30,673,000,000 | ||||||||||||||||||||||||||||||||||||||
oil and gas property, on the basis of full-cost accounting: | |||||||||||||||||||||||||||||||||||||||
accrued liabilities | 2,648,000,000 | ||||||||||||||||||||||||||||||||||||||
accrued operating expense | 158,000,000 | ||||||||||||||||||||||||||||||||||||||
accrued exploration and development | 1,329,000,000 | ||||||||||||||||||||||||||||||||||||||
accrued compensation and benefits | 143,000,000 | ||||||||||||||||||||||||||||||||||||||
accrued income taxes | 267,000,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2011-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||||
net income including noncontrolling interests | -127,000,000 | 645,000,000 | 318,000,000 | 1,894,000,000 | 579,000,000 | 452,000,000 | 305,000,000 | 582,000,000 | 530,000,000 | 1,129,000,000 | 1,981,000,000 | 512,000,000 | 0 | 431,000,000 | 459,000,000 | -4,622,000,000 | ||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||
gain on divestitures | -1,000,000 | -276,000,000 | -7,000,000 | -1,000,000 | -1,000,000 | -5,000,000 | -1,000,000 | 0 | -31,000,000 | 27,000,000 | -1,176,000,000 | -2,000,000 | 2,000,000 | -65,000,000 | -2,000,000 | -8,000,000 | 1,000,000 | 0 | -25,000,000 | 0 | -17,000,000 | -3,000,000 | -1,000,000 | -2,000,000 | -7,000,000 | -296,000,000 | 21,000,000 | -341,000,000 | -5,000,000 | |||
exploratory dry hole expense and unproved leasehold impairments | 13,000,000 | 19,000,000 | 31,000,000 | 22,000,000 | 25,000,000 | 29,000,000 | 32,000,000 | 40,000,000 | 37,000,000 | 6,000,000 | 9,000,000 | 29,000,000 | 11,000,000 | 9,000,000 | 37,000,000 | 73,000,000 | 41,000,000 | 54,000,000 | 43,000,000 | 17,000,000 | 57,000,000 | 33,000,000 | 60,000,000 | 37,000,000 | 36,000,000 | 198,000,000 | 85,000,000 | 67,000,000 | 121,000,000 | |||
depreciation, depletion, and amortization | 418,000,000 | 394,000,000 | 373,000,000 | 375,000,000 | 377,000,000 | 339,000,000 | 308,000,000 | 320,000,000 | 288,000,000 | 278,000,000 | 291,000,000 | 332,000,000 | 335,000,000 | 351,000,000 | 342,000,000 | 390,000,000 | 398,000,000 | 418,000,000 | 566,000,000 | 711,000,000 | 602,000,000 | 646,000,000 | 610,000,000 | 608,000,000 | 553,000,000 | 559,000,000 | 572,000,000 | 576,000,000 | 648,000,000 | 265,000,000 | 1,082,000,000 | |
asset retirement obligation accretion | 33,000,000 | 34,000,000 | 40,000,000 | 30,000,000 | 29,000,000 | 29,000,000 | 28,000,000 | 30,000,000 | 29,000,000 | 29,000,000 | 29,000,000 | 28,000,000 | 29,000,000 | 28,000,000 | 28,000,000 | 28,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 26,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 30,000,000 | 37,000,000 | 36,000,000 | 40,000,000 | 38,000,000 | 38,000,000 | 40,000,000 |
impairments | 15,000,000 | 0 | 190,000,000 | 9,000,000 | 0 | 20,000,000 | 4,472,000,000 | 9,000,000 | 0 | 0 | 8,000,000 | 836,000,000 | ||||||||||||||||||||
benefit from deferred income taxes | -181,000,000 | 181,000,000 | ||||||||||||||||||||||||||||||
gain on extinguishment of debt | ||||||||||||||||||||||||||||||||
loss on previously sold gulf of mexico properties | 0 | 17,000,000 | 66,000,000 | 0 | ||||||||||||||||||||||||||||
other | -94,000,000 | -44,000,000 | -26,000,000 | 34,000,000 | -6,000,000 | -127,000,000 | 14,000,000 | 0 | -18,000,000 | -76,000,000 | -43,000,000 | 19,000,000 | -8,000,000 | -9,000,000 | -25,000,000 | 57,000,000 | 31,000,000 | 22,000,000 | -8,000,000 | 13,000,000 | 13,000,000 | 9,000,000 | 40,000,000 | 58,000,000 | 49,000,000 | 128,000,000 | 5,000,000 | 34,000,000 | 35,000,000 | 34,000,000 | 57,000,000 | 80,000,000 |
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||
receivables | 246,000,000 | -149,000,000 | 25,000,000 | 132,000,000 | -370,000,000 | 151,000,000 | -59,000,000 | 387,000,000 | 59,000,000 | -247,000,000 | -254,000,000 | -119,000,000 | -101,000,000 | -7,000,000 | -166,000,000 | -53,000,000 | 19,000,000 | -38,000,000 | 221,000,000 | 28,000,000 | 88,000,000 | 8,000,000 | -12,000,000 | -36,000,000 | -65,000,000 | -132,000,000 | 103,000,000 | -41,000,000 | -45,000,000 | 102,000,000 | 135,000,000 | -342,000,000 |
inventories | -24,000,000 | 6,000,000 | -17,000,000 | -6,000,000 | 64,000,000 | -14,000,000 | -31,000,000 | 80,000,000 | -63,000,000 | 25,000,000 | -43,000,000 | 10,000,000 | -39,000,000 | 23,000,000 | -3,000,000 | 3,000,000 | -9,000,000 | -5,000,000 | 30,000,000 | 0 | 17,000,000 | -33,000,000 | 2,000,000 | 24,000,000 | -33,000,000 | -3,000,000 | 8,000,000 | 12,000,000 | -3,000,000 | -9,000,000 | 10,000,000 | -2,000,000 |
drilling advances and other current assets | 37,000,000 | 6,000,000 | -32,000,000 | 209,000,000 | 184,000,000 | -71,000,000 | -35,000,000 | -31,000,000 | -9,000,000 | 19,000,000 | 9,000,000 | 40,000,000 | -12,000,000 | 20,000,000 | 12,000,000 | |||||||||||||||||
deferred charges and other long-term assets | -353,000,000 | 75,000,000 | 53,000,000 | 43,000,000 | 67,000,000 | 81,000,000 | 78,000,000 | 73,000,000 | 8,000,000 | 2,000,000 | -13,000,000 | 4,000,000 | -28,000,000 | -5,000,000 | -13,000,000 | |||||||||||||||||
accounts payable | 57,000,000 | -75,000,000 | 38,000,000 | -81,000,000 | 79,000,000 | -1,000,000 | -83,000,000 | -159,000,000 | -14,000,000 | 190,000,000 | -5,000,000 | 10,000,000 | 50,000,000 | 72,000,000 | 73,000,000 | 44,000,000 | -64,000,000 | -67,000,000 | -80,000,000 | -16,000,000 | -16,000,000 | -50,000,000 | 64,000,000 | -20,000,000 | 66,000,000 | 39,000,000 | 19,000,000 | -56,000,000 | 25,000,000 | -43,000,000 | -75,000,000 | 122,000,000 |
accounts receivable from/payable to apa corporation | -8,000,000 | -15,000,000 | -1,000,000 | -172,000,000 | 110,000,000 | 16,000,000 | ||||||||||||||||||||||||||
accrued expenses | 21,000,000 | 214,000,000 | -432,000,000 | 155,000,000 | -316,000,000 | 56,000,000 | 36,000,000 | 183,000,000 | 18,000,000 | 98,000,000 | 12,000,000 | 81,000,000 | -64,000,000 | 48,000,000 | -63,000,000 | 25,000,000 | -173,000,000 | -22,000,000 | 67,000,000 | -46,000,000 | -9,000,000 | 104,000,000 | -149,000,000 | 21,000,000 | 89,000,000 | -175,000,000 | -10,000,000 | 49,000,000 | -106,000,000 | 128,000,000 | ||
deferred credits and noncurrent liabilities | 315,000,000 | -140,000,000 | -91,000,000 | 109,000,000 | -215,000,000 | -143,000,000 | -78,000,000 | -97,000,000 | -39,000,000 | -5,000,000 | 3,000,000 | 39,000,000 | 9,000,000 | -7,000,000 | -10,000,000 | -19,000,000 | -5,000,000 | 28,000,000 | 14,000,000 | 1,000,000 | 34,000,000 | -18,000,000 | -9,000,000 | 1,000,000 | 6,000,000 | -4,000,000 | 17,000,000 | 7,000,000 | -35,000,000 | 29,000,000 | -27,000,000 | 82,000,000 |
net cash from operating activities | 1,122,000,000 | 740,000,000 | 320,000,000 | 957,000,000 | 667,000,000 | 1,017,000,000 | 288,000,000 | 1,673,000,000 | 779,000,000 | 1,544,000,000 | 856,000,000 | 1,087,000,000 | 783,000,000 | 944,000,000 | 691,000,000 | 498,000,000 | 304,000,000 | 84,000,000 | 502,000,000 | 635,000,000 | 856,000,000 | 598,000,000 | 1,006,000,000 | 1,113,000,000 | 615,000,000 | 554,000,000 | 751,000,000 | 455,000,000 | 651,000,000 | 707,000,000 | 276,000,000 | 2,782,000,000 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | 1,122,000,000 | 740,000,000 | 320,000,000 | 957,000,000 | 667,000,000 | 1,017,000,000 | 288,000,000 | 1,673,000,000 | 779,000,000 | 1,544,000,000 | 856,000,000 | 1,087,000,000 | 783,000,000 | 944,000,000 | 691,000,000 | 498,000,000 | 304,000,000 | 84,000,000 | 502,000,000 | 635,000,000 | 856,000,000 | 598,000,000 | 1,006,000,000 | 1,113,000,000 | 615,000,000 | 554,000,000 | 751,000,000 | 455,000,000 | 651,000,000 | 707,000,000 | 276,000,000 | 2,782,000,000 |
cash flows from investing activities: | ||||||||||||||||||||||||||||||||
additions to upstream oil and gas property | -605,000,000 | -461,000,000 | -381,000,000 | -451,000,000 | -518,000,000 | -478,000,000 | -484,000,000 | -500,000,000 | -368,000,000 | -301,000,000 | -334,000,000 | -185,000,000 | -251,000,000 | -237,000,000 | ||||||||||||||||||
leasehold and property acquisitions | 0 | -10,000,000 | 0 | -5,000,000 | -5,000,000 | -7,000,000 | -4,000,000 | -6,000,000 | -20,000,000 | -3,000,000 | -3,000,000 | -1,000,000 | -2,000,000 | -1,000,000 | 0 | -2,000,000 | -1,000,000 | -5,000,000 | -19,000,000 | -15,000,000 | -48,000,000 | -26,000,000 | -12,000,000 | -75,000,000 | -18,000,000 | -49,000,000 | -51,000,000 | -99,000,000 | -19,000,000 | |||
notes receivable from apa corporation | -338,000,000 | -697,000,000 | -134,000,000 | -63,000,000 | -248,000,000 | 104,000,000 | ||||||||||||||||||||||||||
proceeds from asset divestitures | -6,000,000 | 698,000,000 | 27,000,000 | |||||||||||||||||||||||||||||
proceeds from sale of kinetik shares | 0 | 0 | 428,000,000 | 0 | 0 | 0 | 224,000,000 | |||||||||||||||||||||||||
net cash from investing activities | -869,000,000 | -470,000,000 | -73,000,000 | -715,000,000 | -596,000,000 | -733,000,000 | -368,000,000 | -1,347,000,000 | -311,000,000 | -317,000,000 | 490,000,000 | -241,000,000 | -102,000,000 | -72,000,000 | -251,000,000 | -190,000,000 | -359,000,000 | -408,000,000 | -509,000,000 | -951,000,000 | -894,000,000 | -938,000,000 | -926,000,000 | -1,024,000,000 | -890,000,000 | -94,000,000 | -436,000,000 | -93,000,000 | -396,000,000 | -374,000,000 | -592,000,000 | -3,019,000,000 |
cash flows from financing activities: | ||||||||||||||||||||||||||||||||
payments on fixed-rate debt | 0 | 0 | 0 | -65,000,000 | -123,000,000 | 0 | 0 | -1,370,000,000 | 0 | -1,775,000,000 | -14,000,000 | -6,000,000 | -263,000,000 | -716,000,000 | -150,000,000 | -1,220,000,000 | 0 | -150,000,000 | 0 | 0 | -70,000,000 | |||||||||||
distributions to noncontrolling interest – sinopec | -110,000,000 | -53,000,000 | -70,000,000 | -84,000,000 | -54,000,000 | -83,000,000 | -17,000,000 | |||||||||||||||||||||||||
distributions to apa corporation | -233,000,000 | -160,000,000 | -165,000,000 | -161,000,000 | -54,000,000 | -83,000,000 | -17,000,000 | -75,000,000 | -86,000,000 | -387,000,000 | -346,000,000 | -871,000,000 | -9,000,000 | -10,000,000 | -292,000,000 | |||||||||||||||||
net cash from financing activities | -343,000,000 | -215,000,000 | -235,000,000 | -250,000,000 | -107,000,000 | -273,000,000 | 12,000,000 | -324,000,000 | -513,000,000 | -1,143,000,000 | -1,481,000,000 | -915,000,000 | -1,355,000,000 | -131,000,000 | -421,000,000 | -208,000,000 | 82,000,000 | 31,000,000 | 188,000,000 | -70,000,000 | 260,000,000 | -47,000,000 | -459,000,000 | -194,000,000 | -316,000,000 | -185,000,000 | -169,000,000 | -218,000,000 | -226,000,000 | -136,000,000 | -147,000,000 | -54,000,000 |
net decrease in cash and cash equivalents | -36,000,000 | 11,000,000 | -68,000,000 | 27,000,000 | -386,000,000 | 222,000,000 | -387,000,000 | -463,000,000 | ||||||||||||||||||||||||
cash and cash equivalents at beginning of year | 0 | 0 | 84,000,000 | 0 | 0 | 0 | 185,000,000 | 0 | 0 | 0 | 279,000,000 | 0 | 0 | 0 | 262,000,000 | 0 | 0 | 0 | 247,000,000 | 0 | 0 | 714,000,000 | 0 | 1,668,000,000 | 0 | 1,377,000,000 | 0 | 0 | 1,467,000,000 | 0 | ||
cash and cash equivalents at end of period | -90,000,000 | 55,000,000 | 96,000,000 | -8,000,000 | -36,000,000 | 11,000,000 | 117,000,000 | 2,000,000 | -45,000,000 | 84,000,000 | 144,000,000 | -69,000,000 | -674,000,000 | 741,000,000 | 281,000,000 | 100,000,000 | 27,000,000 | -293,000,000 | 428,000,000 | -386,000,000 | 222,000,000 | 327,000,000 | -105,000,000 | 1,077,000,000 | 146,000,000 | 1,521,000,000 | 29,000,000 | 197,000,000 | 1,004,000,000 | |||
supplementary cash flow data: | ||||||||||||||||||||||||||||||||
interest paid, net of capitalized interest | 97,000,000 | 45,000,000 | 98,000,000 | 43,000,000 | 99,000,000 | 46,000,000 | 105,000,000 | 45,000,000 | 101,000,000 | 48,000,000 | 128,000,000 | 77,000,000 | 132,000,000 | 120,000,000 | 113,000,000 | 78,000,000 | 129,000,000 | 86,000,000 | 126,000,000 | 99,000,000 | 104,000,000 | 115,000,000 | 144,000,000 | 60,000,000 | 140,000,000 | 139,000,000 | 62,000,000 | 140,000,000 | 139,000,000 | 80,000,000 | 126,000,000 | -9,000,000 |
income taxes paid, net of refunds | 310,000,000 | 198,000,000 | 366,000,000 | 404,000,000 | 391,000,000 | 190,000,000 | 286,000,000 | 402,000,000 | 392,000,000 | 332,000,000 | 305,000,000 | 218,000,000 | 184,000,000 | 107,000,000 | 124,000,000 | 59,000,000 | 73,000,000 | -18,000,000 | 98,000,000 | 188,000,000 | 120,000,000 | 165,000,000 | 275,000,000 | 183,000,000 | 191,000,000 | 152,000,000 | 98,000,000 | 65,000,000 | 55,000,000 | 117,000,000 | 84,000,000 | 351,000,000 |
provision for deferred income taxes | 29,000,000 | -18,000,000 | -1,623,000,000 | -134,000,000 | -14,000,000 | 119,000,000 | -41,000,000 | 18,000,000 | ||||||||||||||||||||||||
net increase in cash and cash equivalents | 55,000,000 | 12,000,000 | 2,000,000 | -45,000,000 | 84,000,000 | -135,000,000 | -69,000,000 | -674,000,000 | 741,000,000 | 19,000,000 | 181,000,000 | -105,000,000 | -591,000,000 | 146,000,000 | 144,000,000 | 29,000,000 | -291,000,000 | |||||||||||||||
proceeds from apache credit facility | 105,000,000 | 0 | 0 | 102,000,000 | 63,000,000 | -478,000,000 | ||||||||||||||||||||||||||
unrealized derivative instrument losses | -96,000,000 | 36,000,000 | 26,000,000 | 57,000,000 | -37,000,000 | 65,000,000 | -10,000,000 | -99,000,000 | 138,000,000 | 103,000,000 | ||||||||||||||||||||||
loss from extinguishment of debt | ||||||||||||||||||||||||||||||||
losses on previously sold gulf of mexico properties | ||||||||||||||||||||||||||||||||
receivable/payable with apa corporation | ||||||||||||||||||||||||||||||||
noncurrent receivable from apa corporation | ||||||||||||||||||||||||||||||||
deconsolidation of altus cash and cash equivalents | 0 | 0 | 0 | -143,000,000 | ||||||||||||||||||||||||||||
proceeds from (payments on) note payable to apa corporation | 0 | |||||||||||||||||||||||||||||||
dividends paid | 0 | 0 | 0 | -9,000,000 | -10,000,000 | -9,000,000 | -10,000,000 | -94,000,000 | -94,000,000 | -94,000,000 | -94,000,000 | -96,000,000 | -96,000,000 | -95,000,000 | -95,000,000 | -95,000,000 | -95,000,000 | -95,000,000 | -94,000,000 | -95,000,000 | -76,000,000 | |||||||||||
non-cash financing adjustment: apa’s assumption of apache’s borrowings on its syndicated credit facility | 0 | 0 | ||||||||||||||||||||||||||||||
loss on extinguishment of debt | 0 | 0 | -9,000,000 | 0 | 0 | 67,000,000 | -12,000,000 | 0 | ||||||||||||||||||||||||
proceeds from sale of oil and gas properties | 1,000,000 | 7,000,000 | 21,000,000 | 27,000,000 | -16,000,000 | 767,000,000 | 58,000,000 | 178,000,000 | 3,000,000 | 6,000,000 | 0 | 126,000,000 | 343,000,000 | 238,000,000 | 9,000,000 | 38,000,000 | 4,000,000 | 9,000,000 | 260,000,000 | 57,000,000 | 426,000,000 | 220,000,000 | ||||||||||
payments on note payable to apa corporation | -465,000,000 | -21,000,000 | ||||||||||||||||||||||||||||||
contributions to altus equity method interests | -2,000,000 | -1,000,000 | -3,000,000 | -3,000,000 | -21,000,000 | -41,000,000 | ||||||||||||||||||||||||||
proceeds from altus credit facility | 0 | 0 | 0 | 33,000,000 | 44,000,000 | 87,000,000 | 25,000,000 | 72,000,000 | ||||||||||||||||||||||||
fixed rate debt borrowings | ||||||||||||||||||||||||||||||||
distributions to noncontrolling interest - sinopec | -125,000,000 | -78,000,000 | -90,000,000 | -69,000,000 | ||||||||||||||||||||||||||||
distributions to altus preferred unit limited partners | 0 | 0 | 0 | -11,000,000 | -12,000,000 | -11,000,000 | -12,000,000 | -11,000,000 | -12,000,000 | |||||||||||||||||||||||
provision from deferred income taxes | ||||||||||||||||||||||||||||||||
accounts payable to apa corporation | -21,000,000 | -33,000,000 | 7,000,000 | 20,000,000 | -2,000,000 | 15,000,000 | ||||||||||||||||||||||||||
additions to altus gathering, processing, and transmission (gpt) facilities | -1,000,000 | -1,000,000 | -1,000,000 | 0 | -1,000,000 | |||||||||||||||||||||||||||
proceeds from (payments on) apache credit facility | 338,000,000 | -65,000,000 | -85,000,000 | |||||||||||||||||||||||||||||
unrealized derivative instrument losses (gains) | -14,000,000 | |||||||||||||||||||||||||||||||
gain from extinguishment of debt | ||||||||||||||||||||||||||||||||
additions to oil and gas property | -195,000,000 | -237,000,000 | -327,000,000 | -511,000,000 | -629,000,000 | -657,000,000 | -729,000,000 | -766,000,000 | -835,000,000 | -737,000,000 | -588,000,000 | -561,000,000 | -322,000,000 | -356,000,000 | -342,000,000 | -583,000,000 | -1,656,000,000 | |||||||||||||||
acquisition of altus equity method interests | ||||||||||||||||||||||||||||||||
proceeds from note payable to apa corporation | -61,000,000 | |||||||||||||||||||||||||||||||
distributions to noncontrolling interest - egypt | -76,000,000 | -143,000,000 | -20,000,000 | -40,000,000 | -30,000,000 | -21,000,000 | -8,000,000 | -32,000,000 | -71,000,000 | -57,000,000 | -107,000,000 | |||||||||||||||||||||
redeemable noncontrolling interest - altus preferred unit limited partners | 0 | |||||||||||||||||||||||||||||||
treasury stock activity | ||||||||||||||||||||||||||||||||
assets | ||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||
cash and cash equivalents | ||||||||||||||||||||||||||||||||
receivables, net of allowance of 109 and 95 | ||||||||||||||||||||||||||||||||
other current assets | ||||||||||||||||||||||||||||||||
accounts receivable from apa corporation | ||||||||||||||||||||||||||||||||
property and equipment: | ||||||||||||||||||||||||||||||||
oil and gas, on the basis of successful efforts accounting: | ||||||||||||||||||||||||||||||||
gathering, processing, and transmission facilities | ||||||||||||||||||||||||||||||||
less: accumulated depreciation, depletion, and amortization | ||||||||||||||||||||||||||||||||
other assets: | ||||||||||||||||||||||||||||||||
equity method interests | ||||||||||||||||||||||||||||||||
decommissioning security for sold gulf of mexico properties | ||||||||||||||||||||||||||||||||
deferred charges and other | -14,000,000 | 7,000,000 | -1,000,000 | -13,000,000 | 2,000,000 | 1,000,000 | -4,000,000 | 22,000,000 | 37,000,000 | 32,000,000 | 30,000,000 | -80,000,000 | -10,000,000 | 105,000,000 | 14,000,000 | -79,000,000 | 81,000,000 | |||||||||||||||
note receivable from apa corporation | ||||||||||||||||||||||||||||||||
liabilities, noncontrolling interest, and equity | ||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||
note payable to apa corporation | ||||||||||||||||||||||||||||||||
current debt | ||||||||||||||||||||||||||||||||
other current liabilities | ||||||||||||||||||||||||||||||||
long-term debt | ||||||||||||||||||||||||||||||||
deferred credits and other noncurrent liabilities: | ||||||||||||||||||||||||||||||||
income taxes | ||||||||||||||||||||||||||||||||
asset retirement obligation | ||||||||||||||||||||||||||||||||
decommissioning contingency for sold gulf of mexico properties | ||||||||||||||||||||||||||||||||
equity | ||||||||||||||||||||||||||||||||
common stock, 0.625 par, 1,000 and 860,000,000 shares authorized, 1,000 and 418,429,375 shares issued, respectively | ||||||||||||||||||||||||||||||||
paid-in capital | ||||||||||||||||||||||||||||||||
accumulated deficit | ||||||||||||||||||||||||||||||||
treasury stock, at cost, 0 and 40,946,745 shares, respectively | ||||||||||||||||||||||||||||||||
accumulated other comprehensive income | ||||||||||||||||||||||||||||||||
deficit attributable to apa corporation | ||||||||||||||||||||||||||||||||
noncontrolling interest - egypt | ||||||||||||||||||||||||||||||||
noncontrolling interest - altus | ||||||||||||||||||||||||||||||||
total equity | ||||||||||||||||||||||||||||||||
deferred income tax benefit | -29,000,000 | -27,000,000 | -11,000,000 | -33,000,000 | -10,000,000 | -23,000,000 | -19,000,000 | -17,000,000 | -111,000,000 | |||||||||||||||||||||||
fixed-rate debt borrowings | 0 | |||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||
drilling advances | -11,000,000 | 18,000,000 | -8,000,000 | -20,000,000 | 6,000,000 | -13,000,000 | 5,000,000 | -52,000,000 | 71,000,000 | -41,000,000 | -52,000,000 | -8,000,000 | -12,000,000 | -6,000,000 | -13,000,000 | -17,000,000 | 49,000,000 | |||||||||||||||
proceeds from altus transaction | ||||||||||||||||||||||||||||||||
net loss including noncontrolling interests | 41,000,000 | |||||||||||||||||||||||||||||||
additions to altus gathering, processing, and transmission facilities | -2,000,000 | -6,000,000 | -19,000,000 | -48,000,000 | -127,000,000 | -119,000,000 | ||||||||||||||||||||||||||
altus equity method interests | -71,000,000 | -83,000,000 | -570,000,000 | -320,000,000 | -118,000,000 | |||||||||||||||||||||||||||
commercial paper and credit facility | 250,000,000 | |||||||||||||||||||||||||||||||
net income including noncontrolling interest | -117,000,000 | -316,000,000 | -2,000,000 | 161,000,000 | 269,000,000 | 206,000,000 | 105,000,000 | 613,000,000 | 267,000,000 | -561,000,000 | ||||||||||||||||||||||
unrealized derivative instrument (gains) losses | 45,000,000 | |||||||||||||||||||||||||||||||
commercial paper | 159,000,000 | |||||||||||||||||||||||||||||||
unrealized derivative instrument (gain) loss | ||||||||||||||||||||||||||||||||
additions to gas gathering, transmission, and processing facilities | -128,000,000 | -156,000,000 | -128,000,000 | -110,000,000 | -132,000,000 | -142,000,000 | ||||||||||||||||||||||||||
proceeds from sale of canadian assets, net of cash divested | ||||||||||||||||||||||||||||||||
distributions to noncontrolling interest | -101,000,000 | -86,000,000 | -69,000,000 | -42,000,000 | -113,000,000 | -57,000,000 | -122,000,000 | -39,000,000 | -54,000,000 | |||||||||||||||||||||||
net increase in cash, cash equivalents, and restricted cash | ||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at beginning of year | ||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at end of period | ||||||||||||||||||||||||||||||||
unrealized derivative instrument gain | -55,000,000 | -49,000,000 | ||||||||||||||||||||||||||||||
proceeds from sale of midale and house mountain | ||||||||||||||||||||||||||||||||
deferred income tax provision | -16,000,000 | 83,000,000 | ||||||||||||||||||||||||||||||
income from discontinued operations | ||||||||||||||||||||||||||||||||
net loss including noncontrolling interest | -559,000,000 | |||||||||||||||||||||||||||||||
loss from discontinued operations | ||||||||||||||||||||||||||||||||
net cash from continuing operating activities | 651,000,000 | 707,000,000 | 276,000,000 | |||||||||||||||||||||||||||||
net cash from discontinued operations | ||||||||||||||||||||||||||||||||
proceeds from sale of kitimat lng project | ||||||||||||||||||||||||||||||||
proceeds from sale of other oil and gas properties | 26,000,000 | |||||||||||||||||||||||||||||||
net cash from continuing investing activities | -396,000,000 | -374,000,000 | -592,000,000 | |||||||||||||||||||||||||||||
commercial paper and bank credit facilities | ||||||||||||||||||||||||||||||||
payment of fixed-rate debt | ||||||||||||||||||||||||||||||||
proceeds from sale of kitimat lng | ||||||||||||||||||||||||||||||||
net cash from continuing financing activities | -147,000,000 | |||||||||||||||||||||||||||||||
loss (income) from discontinued operations | ||||||||||||||||||||||||||||||||
acquisition of cordillera energy partners iii, llc | ||||||||||||||||||||||||||||||||
acquisition of yara pilbara holdings pty limited | ||||||||||||||||||||||||||||||||
proceeds from sale of deepwater gulf of mexico assets | ||||||||||||||||||||||||||||||||
proceeds from sale of anadarko basin and southern louisiana assets | ||||||||||||||||||||||||||||||||
proceeds from sale of gulf of mexico shelf properties | ||||||||||||||||||||||||||||||||
proceeds from kitimat lng transaction | ||||||||||||||||||||||||||||||||
proceeds from sale of oil and gas properties, other | ||||||||||||||||||||||||||||||||
commercial paper, credit facilities and bank notes | ||||||||||||||||||||||||||||||||
payments on fixed rate debt | ||||||||||||||||||||||||||||||||
proceeds from sale of noncontrolling interest | ||||||||||||||||||||||||||||||||
proceeds from divestiture of gulf of mexico shelf properties | ||||||||||||||||||||||||||||||||
acquisition of mobil north sea limited | ||||||||||||||||||||||||||||||||
acquisitions, other | -58,000,000 | |||||||||||||||||||||||||||||||
shares repurchased | ||||||||||||||||||||||||||||||||
net income | 1,189,000,000 | |||||||||||||||||||||||||||||||
acquisition of devon properties | ||||||||||||||||||||||||||||||||
acquisition of bp properties and facilities | ||||||||||||||||||||||||||||||||
mariner energy, inc. merger | ||||||||||||||||||||||||||||||||
commercial paper, credit facility and bank notes | 15,000,000 | |||||||||||||||||||||||||||||||
proceeds from issuance of common stock | ||||||||||||||||||||||||||||||||
proceeds from issuance of mandatory convertible preferred stock | ||||||||||||||||||||||||||||||||
depreciation, depletion and amortization | 1,174,000,000 | |||||||||||||||||||||||||||||||
additions to gas gathering, transmission and processing facilities | ||||||||||||||||||||||||||||||||
equity investment in yara pilbara holdings pty limited | ||||||||||||||||||||||||||||||||
common stock activity | 5,000,000 | |||||||||||||||||||||||||||||||
changes in operating assets and liabilities, net of effects of acquisitions: | ||||||||||||||||||||||||||||||||
additions to gathering, transmission and processing facilities | ||||||||||||||||||||||||||||||||
acquisition of marathon properties | ||||||||||||||||||||||||||||||||
short-term investments | ||||||||||||||||||||||||||||||||
restricted cash | ||||||||||||||||||||||||||||||||
payments on fixed-rate notes | ||||||||||||||||||||||||||||||||
redemption of preferred stock | ||||||||||||||||||||||||||||||||
cash and cash equivalents at end of year | ||||||||||||||||||||||||||||||||
deposit related to acquisition of bp properties | ||||||||||||||||||||||||||||||||
cost of debt and equity transactions |

