v3.26.1
STATEMENT OF CONSOLIDATED CASH FLOWS (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income including noncontrolling interests $ 1,370 $ 1,083
Adjustments to reconcile net income to net cash provided by operating activities:    
Unrealized derivative instrument gains, net (70) (108)
(Gain) loss on divestitures, net 2 (280)
Exploratory dry hole expense and unproved leasehold impairments 56 43
Depreciation, depletion, and amortization 1,057 1,173
Asset retirement obligation accretion 85 78
Provision for deferred income taxes 201 170
(Gain) loss on extinguishment of debt 4 (145)
Other, net (6) 18
Changes in operating assets and liabilities:    
Receivables (147) 433
Inventories (26) 5
Drilling advances and other current assets (33) 222
Deferred charges and other long-term assets (3) 1
Accounts payable (123) (153)
Accrued expenses (50) (204)
Deferred credits and noncurrent liabilities (57) (59)
NET CASH PROVIDED BY OPERATING ACTIVITIES 2,260 2,277
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to upstream oil and gas property (1,111) (1,437)
Leasehold and property acquisitions (6) (20)
Proceeds from asset divestitures 0 571
Other, net (16) 5
NET CASH USED IN INVESTING ACTIVITIES (1,133) (881)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on commercial paper and revolving credit facilities, net 0 (333)
Payments on term loan facility 0 (900)
Fixed-rate debt borrowings 0 846
Payments on fixed-rate debt (754) (954)
Distributions to noncontrolling interest (164) (217)
Treasury stock activity, net (100) (150)
Dividends paid to APA common stockholders (177) (181)
Other, net (4) (25)
NET CASH USED IN FINANCING ACTIVITIES (1,199) (1,914)
NET DECREASE IN CASH AND CASH EQUIVALENTS (72) (518)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 516 625
CASH AND CASH EQUIVALENTS AT END OF PERIOD 444 107
SUPPLEMENTARY CASH FLOW DATA:    
Interest paid, net of capitalized interest 117 155
Income taxes paid, net of refunds $ 477 $ 542