v3.25.2
CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 107 $ 625
Receivables, net of allowance of $122 and $123 1,509 1,959
Other current assets (Note 5) 672 820
Total current assets 2,288 3,404
PROPERTY AND EQUIPMENT:    
Oil and gas properties 44,630 44,698
Gathering, processing, and transmission facilities 448 433
Other 556 562
Less: Accumulated depreciation, depletion, and amortization (32,993) (33,047)
Property and equipment, net 12,641 12,646
OTHER ASSETS:    
Decommissioning security for sold Gulf of America properties (Note 10) 21 21
Deferred tax asset (Note 9) 2,517 2,703
Deferred charges and other 611 616
ASSETS 18,078 19,390
CURRENT LIABILITIES:    
Accounts payable 1,074 1,224
Current debt 263 53
Other current liabilities (Note 6) 1,507 1,678
Total current liabilities 2,844 2,955
LONG-TERM DEBT (Note 8) 4,288 5,991
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:    
Deferred tax liability (Note 9) 0 14
Asset retirement obligation (Note 7) 2,621 2,591
Decommissioning contingency for sold Gulf of America properties (Note 10) 909 929
Other 513 548
Total deferred credits and other noncurrent liabilities 4,043 4,082
EQUITY:    
Common stock, $0.625 par, 860,000,000 shares authorized, 492,029,841 and 491,579,646 shares issued, respectively 308 307
Paid-in capital 12,980 13,153
Accumulated deficit (1,205) (2,155)
Treasury stock, at cost, 133,256,513 and 126,182,497 shares, respectively (6,189) (6,037)
Accumulated other comprehensive income 11 12
APA SHAREHOLDERS’ EQUITY 5,905 5,280
Noncontrolling interest 998 1,082
TOTAL EQUITY 6,903 6,362
LIABILITIES, NONCONTROLLING INTERESTS, AND EQUITY $ 18,078 $ 19,390