3Q 2022 Key Metrics 3Q 2022 Reported Production 382 Mboe/d Adjusted Production(1) 310 Mboe/d Cost Incurred in Oil and Gas Property 1,160 Million Upstream Capital Investment(2) 492 Million Net Cash Provided by Operating…
Recent Highlights Generated 609 Million Returned 61% (373 Million) of of Free Cash Flow(1) in 3Q22 Free Cash Flow to Shareholders in 3Q22 3Q22 Upstream Capital Investment(1) Returned 63% (1.9 Billion)(2) of Free Cash Flow & of…
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…
3Q Asset Update 6
3Q 2022 Global Portfolio GLOBAL 381,934 BOE/D 47% / 17% / 36% 49 Gross, 46 Net 24 Reported Production Oil / NGL / Gas Drilled & Completed Wells(1) Avg Rigs UNITED STATES INTERNATIONAL 218,826 BOE/D 163,108 BOE/D Reported…
3Q 2022 Operating Cash Margins Egypt North Sea United States 120 100 105 / Boe 80 71 Per Boe 67 / Boe - 3 60 vs. 2Q 57 56 / Boe 41 40 Per Boe 34 / Boe Per Boe - 9 - 7 vs. 2Q 20 15 / Boe vs. 2Q 10 / Boe 0…
U.S. Update ASSET HIGHLIGHTS 3Q 2022 ASSET STATS Exceeded U.S. production guidance with strong well performance across legacy 218,826 BOE/D Midland/Delaware areas & recently acquired properties in Texas Delaware Reported Production…
Egypt Update ASSET HIGHLIGHTS 3Q 2022 ASSET STATS 134,253 BOE/D Brought online 22 wells in 3Q22 versus expectation of 20 wells for the quarter Reported Production 60% / 0% / 40% Expect 30 well connections for 4Q22 as spud-to-online…
North Sea Update ASSET HIGHLIGHTS 3Q 2022 ASSET STATS 28,855 BOE/D 3Q22 production impacted by unplanned downtime at Beryl & Reported Production Forties (7 Mboe/d impact vs original guidance) 87% / 2% / 11% Oil / NGL / Gas 1…
Suriname Update Block 58 (APA 50% WI) Five exploration discoveries since Jan. 2020 Maersk Valiant drilling second appraisal well at the Sapakara South field (TTE operated) Noble Gerry De Souza drilling the Awari exploration…
Guidance 4Q 2022 Commentary Production (Mboe/d) United States. 217 Only 4 planned well connections in 4Q22; volumes relatively flat with 3Q22 Egypt (Reported) 144 North Sea. 44 - 48 Updated from prior expectations to reflect…
Appendix 14
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…
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…
Cash Return Summary 3Q 4Q 1Q 2Q 3Q YTD Total Program 2021 2021 2022 2022 2022 9/30/2022 Shares Repurchased (MM) -- 31.2 7.2 7.0 9.8 24.0 55.2 In October 2022, APA Average Stock Price -- 27.13 36.07 41.59 33.85 36.77 31.33 repurchased…
Debt Profile Improvement As of September 30, 2022 YE 2021 Sep 2022 Significant Balance Sheet De-Leveraging Actions Notes & 213 million (April 2022 notes) called at par in January 6,344MM 5,032MM Debentures(1) De-consolidated 1.4…
Upstream Capital Investment ( in Millions) 1Q22 2Q22 3Q22 United States.............. 175 192 235 Egypt (excluding noncontrolling interest).. 98 109 118 North Sea. 36 41 66 Suriname.......................... 52 86 73 Upstream…
Egypt: Production Detail 2Q 2022 3Q 2022 Liquids Gas Liquids Gas (Bbls/d) (Mcf/d) Boe/d (Bbls/d) (Mcf/d) Boe/d Gross Production 141,896 555,694 234,512 133,607 510,260 218,650 Reported Production 85,799 346,424 143,536 81,095…
Glossary of Referenced Terms Upstream Capital Investment: Includes exploration, development, gathering, processing, and transmission capital, capitalized overhead, and settled asset retirement obligations. Excludes capital investment…
Non-GAAP Reconciliations 22
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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