v3.25.2
STATEMENT OF CONSOLIDATED CASH FLOWS (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income including noncontrolling interests $ 665 $ 620 $ 1,083 $ 832
Adjustments to reconcile net income to net cash provided by operating activities:        
Unrealized derivative instrument (gains) losses, net (136) (3) (108) 5
Gain on divestitures, net     (280) (283)
Exploratory dry hole expense and unproved leasehold impairments     43 174
Depreciation, depletion, and amortization 530 588 1,173 1,018
Asset retirement obligation accretion 39 36 78 76
Provision for (benefit from) deferred income taxes 131 23 170 (42)
Gain on extinguishment of debt (3) 0 (145) 0
Loss on previously sold Gulf of America properties 0 17 0 83
Other, net     18 31
Changes in operating assets and liabilities:        
Receivables     433 (101)
Inventories     5 (2)
Drilling advances and other current assets     222 6
Deferred charges and other long-term assets     1 80
Accounts payable     (153) (125)
Accrued expenses     (204) (312)
Deferred credits and noncurrent liabilities     (59) (195)
NET CASH PROVIDED BY OPERATING ACTIVITIES     2,277 1,245
CASH FLOWS FROM INVESTING ACTIVITIES:        
Additions to upstream oil and gas property     (1,437) (1,223)
Leasehold and property acquisitions (7)   (20) (63)
Proceeds from asset divestitures     571 729
Proceeds from sale of Kinetik Shares     0 428
Other, net     5 (23)
NET CASH USED IN INVESTING ACTIVITIES     (881) (152)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from (payments on) commercial paper and revolving credit facilities, net     (333) 63
Proceeds from (payments on) term loan facility     (900) 1,500
Payment on Callon Credit Agreement     0 (472)
Fixed-rate debt borrowings     846 0
Payments on fixed-rate debt     (954) (1,641)
Distributions to noncontrolling interest     (217) (123)
Treasury stock activity, net     (150) (144)
Dividends paid to APA common stockholders (90) (92) (181) (168)
Other, net     (25) (35)
NET CASH USED IN FINANCING ACTIVITIES     (1,914) (1,020)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS     (518) 73
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR     625 87
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 107 $ 160 107 160
SUPPLEMENTARY CASH FLOW DATA:        
Interest paid, net of capitalized interest     155 178
Income taxes paid, net of refunds     $ 542 $ 566