v3.26.1
CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 444 $ 516
Receivables, net of allowance of $125 and $140 1,222 1,062
Other current assets (Note 5) 611 543
Total current assets 2,277 2,121
PROPERTY AND EQUIPMENT:    
Oil and gas properties 46,724 45,507
Gathering, processing, and transmission facilities 445 445
Other 535 536
Less: Accumulated depreciation, depletion, and amortization (34,805) (33,740)
Property and equipment, net 12,899 12,748
OTHER ASSETS:    
Deferred tax asset (Note 9) 2,126 2,328
Deferred charges and other 671 564
ASSETS 17,973 17,761
CURRENT LIABILITIES:    
Accounts payable 730 871
Current debt 2 213
Other current liabilities (Note 6) 1,675 1,487
Liabilities, Current, Total 2,407 2,571
LONG-TERM DEBT (Note 8) 3,741 4,280
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:    
Asset retirement obligation (Note 7) 2,723 2,699
Decommissioning contingency for sold Gulf of America properties (Note 10) 677 782
Other 481 426
Total deferred credits and other noncurrent liabilities 3,881 3,907
EQUITY:    
Common stock, $0.625 par, 860,000,000 shares authorized, 492,577,134 and 492,038,127 shares issued, respectively 308 308
Paid-in capital 12,741 12,816
Retained earnings (accumulated deficit) 384 (721)
Treasury stock, at cost, 141,910,293 and 139,073,481 shares, respectively (6,421) (6,320)
Accumulated other comprehensive income 9 10
APA SHAREHOLDERS’ EQUITY 7,021 6,093
TOTAL EQUITY 7,944 7,003
LIABILITIES, NONCONTROLLING INTERESTS, AND EQUITY 17,973 17,761
Noncontrolling Interest    
EQUITY:    
Noncontrolling interest $ 923 $ 910