APA Corp

APA Corporation (NASDAQ: APA) is an independent energy company engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids. The company operates through three primary geographic segments: the United States, Egypt, and the North Sea, with additional development and exploration activities in Suriname and exploration interests in Uruguay, Alaska, and other international locations. The company's website is www.apacorp.com.

In the United States, APA's operations are primarily concentrated in the Permian Basin of West Texas, including the Midland and Delaware sub-basins, where the company holds approximately 2.6 million gross acres. The company operates approximately 4,000 gross oil and gas wells across its acreage with additional interests in approximately 700 non-operated wells. The U.S. segment contributed 62 percent of 2025 production and 74 percent of year-end proved reserves.

Internationally, APA holds 7.5 million gross acres in Egypt's Western Desert as the largest acreage holder in the region, operating under a merged concession agreement with the Egyptian General Petroleum Corporation. The company also maintains interests in approximately 176,000 gross acres in the United Kingdom North Sea. In Suriname, APA holds a 50 percent working interest in Block 58 with TotalEnergies as operator, progressing toward first oil production in 2028 from the GranMorgu development.

As of December 31, 2025, APA employed approximately 1,791 full-time equivalent employees across its global operations. The company reported total estimated proved reserves of 509 million barrels of crude oil, 240 million barrels of natural gas liquids, and 1.8 trillion cubic feet of natural gas, representing approximately 1.1 billion barrels of oil equivalent with liquids comprising approximately 71 percent of total reserves.

APA's business strategy emphasizes maintaining a diversified asset portfolio with operational flexibility to respond to commodity price volatility. The company focuses on financial discipline through cost management, balance sheet protection, and cash flow generation directed toward debt reduction and shareholder returns. Recent strategic transactions include the 2024 acquisition of Callon Petroleum and subsequent divestitures of non-core assets to streamline operations and enhance capital efficiency.