Annual Shareholder Meeting John Christmann CEO AND PRESIDENT May 14, 2020
The World Today People around the globe have been deeply affected by COVID-19 and the economic downturn. Apache responded swiftly and aggressively o Established health and safety protocols across offices and operations o…
Apaches Response to COVID-19 Prioritizing Health & Safety of Our Team and Communities in Which We Operate Implemented field protocols and work-from-home procedures with minimal business disruption Secured infectious disease…
Apaches Swift Response to Current Market 3Q 2019 80 - APRIL: Organizational Redesign MARCH 12: 60 Reduced Capital to 1.1 B (1,2), 55% below 2019 Reduced Annual Dividend by 340 million (90%) 40 MARCH: 20 MARCH 9 Initiated Oil…
Apaches Strategy to Managing Volatility Disciplined Strong Liquidity Leveraging Financial Profile Diversified Approach Portfolio Managing towards Cash Flow Manageable bond maturities over Intl. assets generating more…
Benefiting from a Diverse Portfolio Apaches diverse portfolio provides enhanced optionality to allocate capital across geographic areas, onshore/offshore conventional/unconventional, or oil/gas/NGLs 2019 Adjusted Production 7
Managing Apaches Global Portfolio United States North Sea Egypt Eliminating all drilling & Realizing cost savings in all Drilling operations high-graded, completion activity categories targeting 5-6 rigs in 2H 2020 Focused on low…
Suriname: Offering Significant Long-Term Value Maka Discovery Jan. 2020 Kwaskwasi Exploration well currently drilling Sapakara Discovery Partnership with Total April 2020 Drilling Kwaskwasi-1; then Keskesi Keskesi East-1…
Our New, Centralized Organization Structure: Efficient, Nimble Delivers more dynamic planning and improved capital allocation Improves collaboration and alignment Exploration Development Operations Simplifies the organization…
ESG Highlights We aim to be a community partner in our areas of operation, focused on protecting the safety and health of our employees, local populations and the environment. On track to meet our goal of reducing global methane…
Long-Term Objectives Budget conservatively, aggressively manage cost structure to ensure free cash flow generation and prioritize debt reduction to strengthen the balance sheet. Maintain a balanced and diversified portfolio and…
Thank You 13
Appendix 14
Glossary of Referenced Terms Upstream Capital Investment: Includes exploration, development, gathering, processing, and transmission capital, capitalized overhead, and settled asset retirement obligations, and excludes capitalized…
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