TABLE OF CONTENTS 2018 Guidance Update....... 4 First-Quarter 2018 Financial and Operational Results...... 11 First-Quarter 2018 Regional Summary..... 18 Open Commodity Derivative Positions..... 25 Glossary of Referenced…
2018 GUIDANCE UPDATE 4
UNITED STATES PRODUCTION OUTLOOK 2018 Production Guidance Update (Mboe/d) Raised lower end by 5 Mboe/d 1Q18 exceeded guidance by 9 Mboe/d (+4%) Raised upper end by 3 Mboe/d Established 2Q18 guidance of 248 Mboe/d 258 248 250…
INTERNATIONAL PRODUCTION OUTLOOK 2018 Production Guidance Update (Mboe/d) 1Q18 in line with guidance Unchanged Established 2Q18 guidance of 135 Mboe/d 140 135 135 130 FY18E 1Q18A 2Q18E Note: Includes adjusted production…
APA ADJUSTED PRODUCTION OUTLOOK 2018 Production Guidance Update (Mboe/d) Raised lower end by 5 Mboe/d 1Q18 exceeded guidance by 9 Mboe/d (+3%) Raised upper end by 3 Mboe/d Established 2Q18 guidance of 383 Mboe/d 398 383 380…
FY 2018 GUIDANCE Production & Capital * Includes exploration and production capital, gathering, transmission, and processing capital, capitalized general and administrative expenses, capitalized interest, and non-oil & gas capital.…
FY 2018 GUIDANCE Other Income Statement Items (1) Apache adopted a new accounting regulation in 2018 that changed the way certain gathering, transmission, and processing (GTP) costs related to natural gas and natural gas liquids are…
2Q 2018 GUIDANCE 10
1Q18 FINANCIAL AND OPERATIONAL RESULTS 11
FIRST-QUARTER 2018 KEY METRICS Reported Production 440 Mboe/d Adjusted Production(1) 367 Mboe/d Oil and Gas Capital Investment(2) 857 Million Adjusted EBITDAX(2) 1.1 Billion Earnings Per Share 0.38 Adjusted Earnings Per…
PRODUCTION AND REVENUES BY PRODUCT 1Q 2018 Reported Production Oil and Gas Revenue 440 MBOE/D 1.73 Billion 55% 81% Oil Production Oil Revenue Oil Natural Gas NGLs Note: Reported volumes include noncontrolling interest and…
ADJUSTED PRODUCTION RECONCILIATION 1Q 2018 Mboe/d 500 450 440 400 33 367 350 40 300 250 200 150 100 50 - (1) 1Q '18 Reported Egypt Tax Barrels Noncontrolling Interest 1Q '18 Adjusted Production Production North America…
OPERATING CASH MARGINS 1Q 2018 Egypt North Sea Permian Other US 70.00 60.00 62 / Boe 50.00 48 / Boe 41 40.00 Per Boe 40 38 / Boe 30.00 Per Boe 32 / Boe 21 / Boe 25 20.00 Per Boe 20 13 / Boe 12 / Boe Per Boe 10.00 8 /…
NET DEBT RECONCILIATION 1Q 2018 ( in millions) 9,000 95 95 8,000 12 184 865 7,259 7,000 6,816 799 9 6,000 5,000 4,000 3,000 2,000 1,000 0 Net Debt E&P and GTP Leasehold & Changes in Dividends Other Cash Flow (2)…
OIL AND GAS CAPITAL INVESTMENT (in millions) 1Q18 (1) E&P and GTP Investment: Permian . 477 MidCon / Gulf Coast . 65 Midstream ... 115 Gulf of Mexico 8 United States... 665 Egypt (Apache's interest only) (2) .. 104 North Sea .…
FIRST-QUARTER 2018 REGIONAL SUMMARY 18
FIRST-QUARTER 2018 GLOBAL OPERATIONS GLOBAL KEY STATS Reported Production: 440,336 Boe/d Drilled & Completed Wells*: 89 gross, 80 net Rigs: Avg 34 rigs UNITED STATES STATS Reported Production: 232,456 Boe/d Drilled &…
1Q 2018 PERMIAN REGION SUMMARY Midland Basin PERMIAN KEY STATS FIRST-QUARTER 2018 Reported Production: 182,972 Boe/d Averaged 5 rigs and 2 frac crews in the quarter Drilled & Completed Wells*: 46 gross, 45 net Rigs: Avg 16 rigs…
UNITED STATES ONSHORE WELL HIGHLIGHTS Average Avg 30-Day IP Well Name Formation Area County Lateral 30-Day Boepd / 1,000 % Oil IP/Well Lateral Ft MIDLAND BASIN CC42 / CC43 (4 Wells) Wolfcamp B Powell Upton 5,058 912 Boe/d 180 79%…
1Q 2018 INTERNATIONAL WELL HIGHLIGHTS Q1 2018 Egypt Well Highlights Program Success Rate 30-Day Well Name Basin % Oil Average IP Kadesh 4 Matruh 4,616 Boe/d 18% Apries E-1X Shushan 2,061 Boe/d(1) 53% 86% West Kal A-21 Faghur…
EGYPT: PRODUCTION DETAIL 4Q 2017 1Q 2018 Liquids Gas Liquids Gas (Bbls/d) (Mcf/d) Boe/d (Bbls/d) (Mcf/d) Boe/d Gross Production 203,820 780,545 333,911 203,684 758,275 330,063 Reported Production 97,150 376,285 159,864 96,207 343,901…
OPEN COMMODITY DERIVATIVE POSITIONS As of April 30, 2018 25
GLOSSARY OF REFERENCED TERMS Capital Budget: Includes exploration and production capital, gathering, transmission, and processing capital, capitalized general and administrative expenses, capitalized interest; excludes non-oil & gas…
NON-GAAP RECONCILIATIONS 27
NON-GAAP RECONCILIATION Adjusted Earnings Reconciliation of Income Attributable to Common Stock to Adjusted Earnings Our presentation of adjusted earnings and adjusted earnings per share are non-GAAP measures because they exclude the…
NON-GAAP RECONCILIATION Adjusted EBITDAX Reconciliation of Net Cash Provided by Operating Activities to Adjusted EBITDAX Management believes EBITDAX, or earnings before income tax expense, interest expense, depreciation, amortization and…
NON-GAAP RECONCILIATION Regional Cash Flows Reconciliation of Net Cash Provided by Operating Activities to Cash Flows from Continuing Operations before Changes in Operating Assets and Liabilities Cash flows from continuing operations…
NON-GAAP RECONCILIATION Cash Flow From Operations Before Changes in Operating Assets and Liabilities Reconciliation of Net Cash Provided by Operating Activities to Cash Flows from Operations before Changes in Operating Assets and…
NON-GAAP RECONCILIATION Net Debt Reconciliation of Debt to Net Debt Net debt, or outstanding debt obligations less cash and cash equivalents, is a non-GAAP financial measure. Management uses net debt as a measure of the Company's…
NON-GAAP RECONCILIATION Oil and Gas Capital Investment Reconciliation of Costs Incurred and GTP Capital Investments to Oil and Gas Capital Investment Management believes the presentation of oil and gas capital investments is useful for…
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