Apache Corp.

APA Corporation has been named to Newsweek's 2022 list of America's Most Responsible Companies. APA ranks third among upstream energy peers, an increase from sixth in 2021. The final list recognizes the top 500 most responsible companies in the United States, spanning 14 industries. "APA is committed to meeting the world's demand for reliable energy in a cleaner, more sustainable way," said APA CEO and President John J [...]

Key Takeaways Consolidates 90% of gross production into a single concession and refreshes existing development lease terms for 20 years; In anticipation of the new agreement, the APA-Sinopec JV more than doubled its Egypt rig count to 11 in 2021; planning a further increase to 15 rigs in 2022; APA-Sinopec JV expects to increase gross capital investment by approximately $235 million in Egypt during 2022; projects a 13% to [...]

APA Corporation today announced the Egyptian Parliament has approved the previously announced agreement to modernize and consolidate its current Production Sharing Contracts with Egypt's Ministry of Petroleum and Mineral Resources and the Egyptian General Petroleum Corporation . The PSC now goes to the desk of Egyptian President Abdel Fattah El-Sisi for his ratification, which is the next and final step for the revised [...]

APA Corporation today announced results from flow testing at the Sapakara South appraisal well and drilling results from the Bonboni exploration well, both operations recently completed on Block 58 offshore Suriname. APA Suriname holds a 50% working interest in the block, with TotalEnergies , the operator, holding a 50% working interest. Sapakara South-1 flow test Flow and subsequent pressure build-up tests were recently [...]

APA Corporation today announced third-quarter 2021 results. Results can be found on the company's website by visiting www.apacorp.com or investor.apacorp.com. There will be a conference call Nov. 4 at 10 a.m. Central time to discuss the results. It will be webcast and archived on APA's website and available for playback by telephone for one week. The number for the replay is 855-859-2056 or 404-537-3406 for international [...]

The board of directors of APA Corporation has declared a regular cash dividend on the company's common shares, increasing the quarterly dividend rate to 12.5 cents per share, up from 6.25 cents per share. The dividend on APA common shares is payable Feb. 22, 2022, to stockholders of record on Jan. 21, 2022. On an annualized basis, the dividend increases to 50 cents per share, up 100% from the previous annualized level of [...]

APA Corporation today released its 2021 Sustainability Report, which covers the company's environmental, social and governance performance based on 2020 data and provides updates on 2021 progress. The report is available at www.apacorp.com/sustainability. "We have made significant progress on ESG issues, which I'm pleased to share in our latest sustainability report. The world needs the abundant, reliable energy provided [...]

APA Corporation today provided supplemental information regarding certain third-quarter 2021 financial and operational results. Supplemental quarterly information To further assist analysts with their third-quarter earnings models, the company is providing the following estimates: Estimated Average Realized Prices - 3Q21 Oil NGL Natural Gas United States $70.00 $30.75 $3.70 International $73.00 $55.25 $4.10 Egypt tax [...]

Apache Corp., a subsidiary of APA Corporation , today announced the donation of more than 55,000 trees to 66 nonprofit partner organizations through the annual Apache Corp. Tree Grant Program. Since 2005, approximately 4.8 million trees have been granted to over 900 non-profit charitable partners and government agencies in the U.S. Plantings from this year's grants will begin this month and will continue through May 2022 [...]

APA Corporation today announced its subsidiary, Apache Corp., has ended routine flaring in its U.S. onshore operations, achieving one of its 2021 ESG goals three months ahead of schedule. "In early 2021, we set out to eliminate routine flaring in U.S. onshore operations as part of our broader efforts to continuously reduce our environmental footprint. We established an aggressive goal, and I am proud to announce we have [...]