v3.26.1
STATEMENT OF CONSOLIDATED CASH FLOWS (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income including noncontrolling interests $ 543 $ 418
Adjustments to reconcile net income to net cash provided by operating activities:    
Unrealized derivative instrument losses, net 47 28
Loss on divestitures, net 0 2
Exploratory dry hole expense and unproved leasehold impairments 12 11
Depreciation, depletion, and amortization 553 643
Asset retirement obligation accretion 42 39
Provision for (benefit from) deferred income taxes (15) 39
Gain on extinguishment of debt 0 (142)
Other, net 9 13
Changes in operating assets and liabilities:    
Receivables (391) 128
Inventories 1 14
Drilling advances and other current assets (7) 241
Deferred charges and other long-term assets 6 1
Accounts payable (71) (122)
Accrued expenses (163) (198)
Deferred credits and noncurrent liabilities (12) (19)
NET CASH PROVIDED BY OPERATING ACTIVITIES 554 1,096
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to upstream oil and gas property (542) (777)
Leasehold and property acquisitions (4) (13)
Other, net 4 4
NET CASH USED IN INVESTING ACTIVITIES (542) (786)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from commercial paper and revolving credit facilities, net 0 433
Payments on term loan facility 0 (900)
Fixed-rate debt borrowings 0 846
Payments on fixed-rate debt (79) (905)
Distributions to noncontrolling interest (65) (126)
Treasury stock activity, net 0 (100)
Dividends paid to APA common stockholders (88) (91)
Other, net (3) (25)
NET CASH USED IN FINANCING ACTIVITIES (235) (868)
NET DECREASE IN CASH AND CASH EQUIVALENTS (223) (558)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 516 625
CASH AND CASH EQUIVALENTS AT END OF PERIOD 293 67
SUPPLEMENTARY CASH FLOW DATA:    
Interest paid, net of capitalized interest 88 118
Income taxes paid, net of refunds $ 280 $ 296