1Q 2021 Key Metrics 1Q 2021 Reported Production 382 Mboe/d Adjusted Production(1) 326 Mboe/d Cost Incurred in Oil and Gas Property 287 Million Upstream Capital Investment(2) 243 Million Net Cash Provided by Operating Activities…
APAs Strategy Foundation For Leveraging Disciplined Long-Term Diversified Financial Success Portfolio Approach Prioritizing returns over production Balanced commodity profile and Retaining cash to reduce debt growth geographic…
Highlights Generated 502 Million of Free Cash Flow(1) in 1Q21 1Q21 Adjusted Production(2) of 326 MBOE/D Exceeded Guidance Delivered 1Q21 Upstream Capital Investment(1) of Adjusted Oil Production(2) of 243 Million 148 MBO/D…
Block 58 Offshore Suriname Update Announced fourth discovery at Keskesi East-1 in January TOTAL operating 2 rigs, each capable of flow testing and appraisal / exploration drilling o Currently drilling in the vicinity of Sapakara…
2Q21 Guidance New Production (Mboe/d) United States. 230 International (Adjusted) 110 Total Adjusted Production 340 United States Oil (Mbo/d)....................................................... 78 Upstream Capital Investment (…
2021 Guidance Updated Production (Mboe/d) United States 220 225 International 170 175 Reported Production 390 400 Less: Egypt Tax Barrels 17 Less: Egypt Noncontrolling Interest.. 33 Total Adjusted Production. 340 350 Unchanged…
1Q Asset Update 9
1Q 2021 Global Portfolio GLOBAL 382,401 BOE/D 48% / 16% / 36% 29 Gross, 27 Net 9 Reported Production Oil / NGL / Gas Drilled & Completed Wells(1) Avg Rigs UNITED STATES INTERNATIONAL 210,091 BOE/D 172,310 BOE/D Reported…
1Q 2021 Operating Cash Margins Egypt North Sea United States(2) 60 58 / Boe 50 40 44 / Boe 40 Per Boe 36 / Boe 30 34 + 11 Per Boe vs. 4Q 26 + 12 Per Boe 20 vs. 4Q 18 / Boe + 14 vs. 4Q 10 / Boe 10 / Boe 10 0…
1Q U.S. Update ASSET HIGHLIGHTS ASSET STATS Exceeded February U.S. oil production guidance by 6% 210,091 BOE/D Reported Production 32% / 28% / 40% Weather-related downtime impacted production by 14,000 BOE/D (35% oil) Oil / NGL /…
1Q Egypt Update ASSET HIGHLIGHTS ASSET STATS Completed turnaround at Tarek gas plant 119,111 BOE/D o Zero safety incidents and zero COVID infections across 38,000 manhours Reported Production 60% / 1% / 39% 2,500 MBOE/D price…
1Q North Sea Update ASSET HIGHLIGHTS ASSET STATS Production during 1Q21 impacted by extended compressor 53,199 BOE/D Reported Production downtime at Forties Field 82% / 3% / 15% Oil / NGL / Gas 1 Gross, 1 Net Extended platform…
Appendix 15
ESG Leadership: Primary Areas of Focus We focus our ESG efforts in areas that are: core to our business, important to stakeholders, and where we are capable of having a material impact ESG Vision 2021 Compensation Goal Be at…
Open Commodity Derivative Positions (As of May 4, 2021) Weighted Avg Price Production Period Trade Type Index Units Daily Volume / Unit WTI Hedges April June 2021 Fixed Swap NYMEX WTI BBL 62,000 61.20 July September 2021 Fixed Swap…
Upstream Capital Investment ( in Millions) 1Q21 United States........... 102 Egypt (Apache's interest only).......... 64 North Sea. 40 Suriname....................... 37 Upstream Capital Investment Total 243 For a…
Egypt: Production Detail 4Q 2020 1Q 2021 Liquids Gas Liquids Gas (Bbls/d) (Mcf/d) Boe/d (Bbls/d) (Mcf/d) Boe/d Gross Production 142,366 617,465 245,277 136,217 603,269 236,762 Reported Production 69,932 275,662 115,876 72,753…
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…
Non-GAAP Reconciliations 21
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 Cash Flow Before Changes in Operating Assets & Liabilities and Free Cash Flow Reconciliation of Net Cash Provided by Operating Activities to Cash Flows from Operations before Changes in Operating Assets and…
Non GAAP Reconciliation Segment 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 operations before changes…
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 Upstream Capital Investment Reconciliation of Costs Incurred to Upstream Capital Investment Management believes the presentation of upstream capital investments is useful for investors to assess the Company's…
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