2Q 2022 Key Metrics 2Q 2022 Reported Production 385 Mboe/d Adjusted Production(1) 305 Mboe/d Cost Incurred in Oil and Gas Property 498 Million Upstream Capital Investment(2) 428 Million Net Cash Provided by Operating…
Recent Highlights Generated 814 Million Returned 334 Million to Shareholders Through of Free Cash Flow(1) in 2Q22 Dividends & Share Repurchases in 2Q22 Repurchased 232 Million of Shares in July 2Q22 Upstream Capital Investment(1)…
APA Corporation Strategy Foundation For Disciplined Leveraging Long-Term Financial Approach Diversified Success Portfolio Prioritize long-term, full-cycle returns Return a minimum of 60% of Free Diversify risk through a…
APA Corporations 2022 Sustainability Report We are charting a steady course and positioning ourselves as a partner to the world by providing affordable, reliable and abundant sources of energy. John Christmann, CEO and…
2Q Asset Update 7
2Q 2022 Global Portfolio GLOBAL 384,627 BOE/D 47% / 16% / 37% 21 Gross, 21 Net 20 Reported Production Oil / NGL / Gas Drilled & Completed Wells(1) Avg Rigs UNITED STATES INTERNATIONAL 200,269 BOE/D 184,358 BOE/D Reported…
2Q 2022 Operating Cash Margins Egypt North Sea United States 120 111 / Boe 100 80 74 76 / Boe Per Boe - 11 60 vs. 1Q 63 / Boe 66 48 40 Per Boe 37 / Boe Per Boe + 10 + 10 vs. 1Q vs. 1Q 20 15 / Boe 10 / Boe 0…
U.S. Update ASSET HIGHLIGHTS 2Q 2022 ASSET STATS Southern Midland Basin: Averaged 2 rigs; placed 6 wells on production in 2Q22 200,269 BOE/D o Anticipate placing 10 wells on production in 3Q22 Reported Production 32% / 30% / 38%…
Egypt Update ASSET HIGHLIGHTS 2Q 2022 ASSET STATS 143,536 BOE/D Gross oil production increased 5% in 2Q22 to 141 MBO/D Reported Production 60% / 0% / 40% Oil / NGL / Gas Drilling success rate of 92% (11 of 12 wells) in 2Q22 12…
2022 Egypt Outlook Commentary Egypt Well Connection Expectations (Current vs Feb22 Guidance) 35 Temporary operational delays & rig ramp inefficiencies 30 o Supply chain, equipment & infrastructure related delays 26 o Longer than…
North Sea Update ASSET HIGHLIGHTS 2Q 2022 ASSET STATS 40,822 BOE/D Forties maintenance turnaround (TAR) executed safely and on budget Reported Production 80% / 3% / 17% Oil / NGL / Gas Deferred start of 30+ day Beryl TAR into…
Suriname Update Block 58 (APA 50% WI) Five exploration discoveries since Jan. 2020 Announced flow test results of Krabdagu-1 discovery well, indicating an estimated 180+ MM barrels of connected oil in place Maersk Valiant…
Guidance 3Q 2022 FY 2022 Commentary Production (Mboe/d) US FY '22 updated to reflect Texas DB acquisition, deferral of Austin Chalk activity, Permian completion timing delays and divestiture United States. 208 212 208 210 Egypt FY'22…
Appendix 16
Compensation-linked ESG Goals Short-term Goals Long-term Goal Egypt: 40% reduction of upstream flaring in Established long-term incentive Egypt by year-end compensation-linked emissions People: Develop and implement a future of…
APA Committed to Return 60% of Free Cash Flow to Shareholders in 2022 4Q 1Q 2Q YTD Since Inception 2021 2022 2022 6/30/2022 (Oct21) Shares Repurchased (MM) 31.2 7.2 7.0 14.2 45.4 In July, APA repurchased Average Stock Price 27.13 36.07…
APA Debt Profile Improvement As of June 30, 2022 Significant Balance Sheet De-Leveraging Actions YE 2021 June 2022 213 million (April 22 notes) called at par in January Notes & Debentures(1) 6,344MM 5,032MM De-consolidated 1.4…
Open Commodity Derivative Positions (As of August 2, 2022) Weighted Avg Price Production Period Trade Type Index Units Daily Volume / Unit Natural Gas Basis Hedges August 2022 December 2022 Basis Swap IF Waha / IF HSC MMBtu…
Upstream Capital Investment ( in Millions) 1Q22 2Q22 United States........... 175 192 Egypt (Apache's interest only).......... 98 109 North Sea. 36 41 Suriname....................... 52 86 Upstream Capital Investment Total 361…
Egypt: Production Detail 1Q 2022 2Q 2022 Liquids Gas Liquids Gas (Bbls/d) (Mcf/d) Boe/d (Bbls/d) (Mcf/d) Boe/d Gross Production 135,132 597,812 234,767 141,896 555,694 234,512 Reported Production 85,509 386,577 149,938 85,799…
Glossary of Referenced Terms Upstream Capital Investment: Includes exploration, development, gathering, processing, and transmission capital, capitalized overhead, and settled asset retirement obligations. Excludes capitalized…
Non-GAAP Reconciliations 24
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…
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…
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 APA's…
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