2Q 2021 Key Metrics 2Q 2021 Reported Production 395 Mboe/d Adjusted Production(1) 342 Mboe/d Cost Incurred in Oil and Gas Property 307 Million Upstream Capital Investment(2) 257 Million Net Cash Provided by Operating Activities…
APAs Strategy Foundation For Leveraging Disciplined Long-Term Diversified Financial Success Portfolio Approach Prioritize long-term returns Modernizing Egypt PSCs(1) Aggressively managing cost structure Position the balance…
ESG Leadership: Primary Areas of Focus ESG Vision 2021 Goal Be at the forefront of industrys efforts Eliminating routine U.S. onshore flaring and targeting to measure, disclose and < 1% flaring intensity in the U.S. AI R mitigate…
Highlights Generated 396 Million of Free Cash Flow(1) in 2Q21 2Q21 Adjusted Production(2) of 898 Million in 1H21 342 MBOE/D Exceeded Guidance 2Q21 Upstream Capital Investment(1) of Adjusted Oil Production(2) of 257 Million 152…
Block 58 Offshore Suriname Update Announced successful appraisal results at Sapakara South-1 o Encountered 30 meters (98 feet) of net black oil pay in a single zone of high-quality Campano-Maastrichtian reservoir Bonboni…
3Q21 Guidance New Production (Mboe/d) United States. 233 3Q21 CBP Sale Production Impact International (Adjusted) 102 Total Adjusted Production 335 U.S. Total Production: 4 Mboe/d U.S. Oil: 3 Mbo/d United States Oil…
2021 Guidance Previous New Production (Mboe/d) United States 220 225 227 International 170 175 163 Reported Production 390 400 390 2021 CBP Sale Production Impact Less: Egypt Tax Barrels 17 25 U.S. Total Production: 2 Mboe/d Less:…
2Q Asset Update 10
2Q 2021 Global Portfolio GLOBAL 395,186 BOE/D 47% / 18% / 35% 44 Gross, 41 Net 12 Reported Production Oil / NGL / Gas Drilled & Completed Wells(1) Avg Rigs UNITED STATES INTERNATIONAL 241,525 BOE/D 153,661 BOE/D Reported…
2Q 2021 Operating Cash Margins Egypt North Sea United States(2) 70 69 / Boe 60 39 50 Per Boe 48 / Boe - 1 40 vs. 1Q 37 30 / Boe 35 / Boe Per Boe 30 + 3 25 vs. 1Q Per Boe 20 North Sea cash operating cost - 1 11 / Boe per Boe…
2Q U.S. Update ASSET HIGHLIGHTS ASSET STATS Exceeded U.S. oil production guidance provided in May by 6% with better 241,525 BOE/D Reported Production than expected performance from the DUC completion program 34% / 29% / 37% Oil /…
2Q Egypt Update ASSET HIGHLIGHTS ASSET STATS 114,445 BOE/D Drilling success rate of 85% (11 of 13 wells) Reported Production o WKAL-O2 development well naturally flowing at 4,200 BOPD 62% / 1% / 37% o Fustat-N 1X exploration well…
2Q North Sea Update ASSET HIGHLIGHTS ASSET STATS 2Q21 production impacted by: 39,216 BOE/D Reported Production o 3rd party pipeline outages and extended compressor downtime 82% / 3% / 15% o 9-day extension of the planned…
Appendix 16
Open Commodity Derivative Positions (As of August 4, 2021) Weighted Avg Price Production Period Trade Type Index Units Daily Volume / Unit WTI Hedges July September 2021 Fixed Swap NYMEX WTI BBL 22,000 60.15 October December 2021…
Upstream Capital Investment ( in Millions) 1Q21 2Q21 United States........... 102 118 Egypt (Apache's interest only).......... 64 75 North Sea. 40 36 Suriname....................... 37 28 Upstream Capital Investment Total 243…
Egypt: Production Detail 1Q 2021 2Q 2021 Liquids Gas Liquids Gas (Bbls/d) (Mcf/d) Boe/d (Bbls/d) (Mcf/d) Boe/d Gross Production 136,217 603,269 236,762 136,360 578,380 232,757 Reported Production 72,753 278,149 119,111 71,735…
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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