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ITEM 6.

SELECTED FINANCIAL DATA

The following table sets forth selected financial data of the Company and its consolidated subsidiaries over the five-year period ended December 31, 2015, which information has been derived from the Company’s audited financial statements. This information should be read in connection with, and is qualified in its entirety by, the more detailed information in the Company’s financial statements set forth in Part IV, Item 15 of this Form 10-K. As discussed in more detail under Item 15, 2015 numbers in the following table reflect a total of $25.5 billion ($16.6 billion net of tax) in non-cash write-downs of the carrying value of the Company’s proved oil and gas properties as a result of ceiling test limitations and impairments totaling $1.9 billion ($1.7 billion net of tax) related to gathering, transmission, and processing facilities and inventory. The 2014 numbers reflect a total of $5.0 billion ($3.1 billion net of tax) in non-cash write-downs of the carrying value of the Company’s U.S. and North Sea proved oil and gas properties as a result of ceiling test limitations and asset impairments totaling $1.9 billion ($1.8 billion net of tax) in connection with fair value assessments, including $1.3 billion for the impairment of goodwill, $604 million for the impairment of assets held for sale, and other asset impairments. The 2013 numbers reflect a total of $995 million ($541 million net of tax) in non-cash write-downs of the carrying value of the Company’s U.S. and North Sea proved oil and gas properties as a result of ceiling test limitations and a non-cash write-down related to the Company’s exit of operations in Kenya. The 2012 numbers reflect a total of $1.9 billion ($1.4 billion net of tax) in non-cash write-downs of the carrying value of the Company’s Canadian proved oil and gas properties. 2015 Income Statement Data Oil and gas production revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (loss) from continuing operations attributable to common shareholders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (loss) from continuing operations per share: Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends declared per common share . . . . . . . . . . . . . . . . . .

Balance Sheet Data Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Common shares outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$

6,383

As of or for the Year Ended December 31, 2014 2013 2012 (In millions, except per share amounts) $

12,691

$

14,771

$

14,854

2011

$

14,603

(22,348)

(3,815)

1,880

1,258

3,738

(59.16) (59.16) 1.00

(9.93) (9.93) 1.00

4.75 4.74 0.80

3.43 3.41 0.68

9.94 9.54 0.60

$

18,842 8,777 4,228 377

$

55,952 11,245 28,137 377

$

61,637 9,672 35,393 396

$

60,737 11,355 31,331 392

$

52,051 6,785 28,993 384

For a discussion of significant acquisitions and divestitures, see Note 2—Acquisitions and Divestitures in the Notes to Consolidated Financial Statements set forth in Part IV, Item 15 of this Form 10-K.

29

Apache 2015 Summary Annual Report  

Adapting to a changing environment

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