v3.26.1
CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 293 $ 516
Receivables, net of allowance of $137 and $140 1,456 1,062
Other current assets (Note 5) 540 543
Total current assets 2,289 2,121
PROPERTY AND EQUIPMENT:    
Oil and gas properties 46,139 45,507
Gathering, processing, and transmission facilities 445 445
Other 532 536
Less: Accumulated depreciation, depletion, and amortization (34,292) (33,740)
Property and equipment, net 12,824 12,748
OTHER ASSETS:    
Decommissioning security for sold Gulf of America properties (Note 10) 21 21
Deferred tax asset (Note 9) 2,343 2,328
Deferred charges and other 602 543
ASSETS 18,079 17,761
CURRENT LIABILITIES:    
Accounts payable 798 871
Current debt 134 213
Other current liabilities (Note 6) 1,559 1,487
Liabilities, Current, Total 2,491 2,571
LONG-TERM DEBT (Note 8) 4,280 4,280
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:    
Asset retirement obligation (Note 7) 2,699 2,699
Decommissioning contingency for sold Gulf of America properties (Note 10) 748 782
Other 463 426
Total deferred credits and other noncurrent liabilities 3,910 3,907
EQUITY:    
Common stock, $0.625 par, 860,000,000 shares authorized, 492,518,076 and 492,038,127 shares issued, respectively 308 308
Paid-in capital 12,733 12,816
Accumulated deficit (275) (721)
Treasury stock, at cost, 139,073,481 and 139,073,481 shares, respectively (6,320) (6,320)
Accumulated other comprehensive income 10 10
APA SHAREHOLDERS’ EQUITY 6,456 6,093
TOTAL EQUITY 7,398 7,003
LIABILITIES, NONCONTROLLING INTERESTS, AND EQUITY 18,079 17,761
Noncontrolling Interest    
EQUITY:    
Noncontrolling interest $ 942 $ 910