APA Corporation

APA Corporation is a leading independent energy company with operations spanning three continents and a rich history dating back to 1954. Headquartered in Houston, Texas, the company explores for, develops, and produces crude oil, natural gas, and natural gas liquids primarily in the United States, Egypt, and the United Kingdom North Sea. With approximately 2,305 employees as of 2024, APA has established itself as a significant player in the global energy sector, maintaining a strong operational presence in some of the world's most prolific oil and gas basins.

The company's strategic focus centers on three core geographic regions that collectively contribute to its diversified portfolio. In the United States, APA is one of the largest producers in the Permian Basin, operating approximately 6,000 gross oil and gas wells with exposure to the Midland Basin, Delaware Basin, and Central Basin Platform. The Permian operations represent approximately 68% of the company's proved reserves and were significantly enhanced by the April 2024 acquisition of Callon Petroleum Company, which added approximately 120,000 net acres in the Delaware Basin and 25,000 net acres in the Midland Basin. In Egypt, where APA has operated for over 26 years, the company is the largest American investor and the country's largest oil producer, with primary interests in the Western Desert contributing 21% of year-end estimated proved reserves. The UK North Sea operations, including interests in the Forties, Beryl, and Skua fields, round out the company's international portfolio.

APA's business model emphasizes operational excellence, capital efficiency, and shareholder returns through a disciplined approach to asset development and financial management. The company reported revenue of $9.737 billion in 2024, representing an 18.86% increase from 2023, with full-year adjusted earnings of $1.3 billion ($3.77 per diluted share). Fourth-quarter 2024 production reached 488,000 barrels of oil equivalent per day, with adjusted production of 418,000 BOE per day. The integration of the Callon acquisition has exceeded initial expectations, with annual cost synergies revised upward to $250 million, $100 million above original estimates. Looking forward, APA is targeting sustainable annual savings of at least $350 million by the end of 2027 across lease operating expense, capital, and overhead.

Beyond its core upstream operations, APA is actively expanding its portfolio through strategic investments in emerging opportunities. The company made a final investment decision for the GranMorgu project offshore Suriname in 2024, marking a significant step into deepwater development. In Alaska, APA and its partners were awarded an additional 51,000 gross acres in 2024, bringing the total lease position to 326,000 gross acres on state lands, with preliminary results from the Sockeye-2 exploratory well announced in March 2025. The company has also strengthened its position in Egypt through new gas agreements and renegotiated oil and gas economics to deliver steady production. With a market capitalization of approximately $8.18 billion and trading on NASDAQ under the ticker APA, the company continues to navigate the evolving energy landscape while maintaining its commitment to operational excellence, environmental stewardship, and value creation for shareholders.

In 2021, the company underwent a significant corporate restructuring, with APA Corporation becoming the holding company for all subsidiaries, including Apache Corporation, which continues to hold the operating assets in the United States, Egypt, and the United Kingdom. This transformation reflects the company's evolution from its founding as Apache Oil Corporation in Minneapolis in 1954 to its current position as a diversified, global independent energy producer focused on creating long-term value through disciplined capital allocation, technological innovation, and a commitment to sustainable operations.