# APA Corporation **Source:** https://geo.sig.ai/brands/apa-corporation **Vertical:** Energy & Utilities **Subcategory:** Enterprise **Tier:** Leader **Website:** apacorp.com **Last Updated:** 2026-04-14 ## Summary Independent E&P with Permian, North Sea, and Egypt; $7.6B FY2024 revenue; offshore Suriname Block 58 (with TotalEnergies) is multi-billion-barrel discovery awaiting late-2020s development. ## Company Overview APA Corporation is the holding company for Apache Corporation, a leading independent oil and gas exploration and production company, founded in 1954 and headquartered in Houston, Texas, trading on NYSE (APA). For FY2024, APA generated approximately $7.6 billion in revenues under CEO John Christmann, operating three core producing regions: the Permian Basin (West Texas and New Mexico), the North Sea (UK and Netherlands offshore), and Egypt (Western Desert concessions operated under a production-sharing contract with the Egyptian General Petroleum Corporation). The company rebranded as APA Corporation in 2021 to reflect its holding company structure while Apache remained the operational subsidiary name within each region. APA's most strategically significant development is its offshore Suriname position on Block 58 in the Surinamese waters of the Guiana-Suriname Basin, operated in partnership with TotalEnergies (which owns 50%). Multiple oil discoveries since 2020—Sapakara, Kwaskwasi, Bonboni, and Krabdagu—have demonstrated world-class reservoir quality in what may become a major offshore oil province. The development timeline for Suriname has extended into the late 2020s as APA and TotalEnergies finalize development plans and negotiate production-sharing terms with state oil company Staatsolie. In the Permian, APA focuses on improving returns on its existing acreage rather than aggressive scale-up, emphasizing free cash flow generation and capital returns to shareholders. In 2025-2026, APA faces investor pressure to demonstrate a credible path to value creation from the Suriname offshore discovery, which requires billions in development capital before first production. The North Sea business—facing the UK government's Energy Profits Levy (windfall tax) on oil and gas producer profits—reduces cash returns available from that region. Permian Basin operations compete for capital allocation against larger-scale peers following industry consolidation. Activist shareholders have questioned whether APA's multi-region portfolio with diverse geologies warrants a conglomerate discount relative to single-basin peers. Macroeconomic oil price sensitivity remains the primary earnings variable, with the company's free cash flow inflection dependent on oil prices exceeding approximately $55 per barrel. ## Frequently Asked Questions ### What does APA Corporation do? APA Corporation is an independent energy company that explores for, develops, and produces crude oil, natural gas, and natural gas liquids. The company operates in three primary regions: the United States (primarily the Permian Basin), Egypt (Western Desert), and the United Kingdom (North Sea). As of 2024, APA produced approximately 488,000 barrels of oil equivalent per day and manages 912 million barrels of oil equivalent in estimated proved reserves. ### When was APA Corporation founded? APA Corporation was originally founded as Apache Oil Corporation on December 6, 1954, in Minneapolis, Minnesota, by Raymond Plank, Truman Anderson, and Charles Arnao with $250,000 in investor capital. The company went public in 1969 and reorganized in March 2021, with APA Corporation becoming the holding company for all subsidiaries, including Apache Corporation which holds the operating assets. ### Where is APA Corporation headquartered? APA Corporation is headquartered in Houston, Texas, United States. The company moved its headquarters to Houston in 1992 from Denver, Colorado, positioning itself at the heart of the American energy industry. Previously, the company was headquartered in Minneapolis, Minnesota (1954-1987) and Denver, Colorado (1987-1992). ### What is the difference between APA Corporation and Apache Corporation? In March 2021, the company reorganized its legal structure with APA Corporation becoming the publicly-traded holding company (trading on NASDAQ under ticker APA) for all of its subsidiaries. Apache Corporation became a subsidiary of APA Corporation and continues to hold the operating assets in the United States, Egypt, and the United Kingdom. Employees work for Apache Corporation, the subsidiary, while investors own shares of APA Corporation, the parent company. ### What was APA Corporation's revenue and earnings in 2024? APA Corporation reported annual revenue of $9.737 billion in 2024, representing an 18.86% increase from 2023. Full-year 2024 net income attributable to common stock was $804 million ($2.27 per diluted share), with adjusted earnings of $1.3 billion ($3.77 per diluted share). Fourth-quarter 2024 net cash provided by operating activities was $1.0 billion, with adjusted EBITDAX of $1.6 billion. ### What makes APA Corporation different from other oil and gas companies? APA distinguishes itself through its diversified international portfolio across three continents, its position as one of the largest producers in the Permian Basin, and its status as the largest American investor and largest oil producer in Egypt. The company maintains an entrepreneurial culture that empowers employees to make decisions, focuses on operational excellence and capital efficiency, and has demonstrated the ability to successfully integrate large acquisitions like the 2024 Callon Petroleum deal which exceeded initial synergy targets. ### Who are APA Corporation's main competitors? APA Corporation competes with other independent oil and gas exploration and production companies including EOG Resources, Devon Energy, Continental Resources, Pioneer Natural Resources (now part of ExxonMobil), Occidental Petroleum, and Hess Corporation. The company also competes with major integrated oil companies and national oil companies in its international operations in Egypt and the UK North Sea. ### How many employees does APA Corporation have? As of 2024, APA Corporation had 2,305 employees, representing a 1.5% increase from 2,271 employees in 2023. The company added 34 employees year-over-year. Following the Callon Petroleum acquisition and organizational restructuring in 2024, the company reduced officer-level positions by over 30% from 29 to 19 to improve efficiency and reduce redundancies. ### What is APA Corporation's market capitalization and stock performance? APA Corporation has a market capitalization of approximately $8.18 billion and trades on the NASDAQ stock exchange under ticker symbol APA. As of recent data, the stock trades within a 52-week range of $13.58 to $27.48. Analysts maintain a 12-month stock price target of $22.69. The company is considered to be trading at relatively low valuation multiples with favorable price-to-sales and cash flow ratios. ### What recent acquisitions has APA Corporation completed? APA's most significant recent acquisition was Callon Petroleum Company, completed on April 1, 2024, for approximately $4.5 billion in an all-stock transaction. The acquisition added approximately 145,000 net acres in the Permian Basin (120,000 in Delaware Basin and 25,000 in Midland Basin), increasing APA's U.S. oil production by more than 80%. Annual cost synergies from the acquisition were revised to $250 million, exceeding initial estimates by $100 million. ### What are APA Corporation's expansion plans and future projects? APA's expansion strategy includes the GranMorgu project offshore Suriname (final investment decision made in 2024), continued exploration in Alaska with 326,000 gross acres on state lands, and optimizing production from the integrated Callon assets in the Permian Basin. The company's 2025 development capital budget for Permian and Egypt is $2.2-2.3 billion (17% lower than 2024), with total adjusted production expected to be 396,000 BOE per day (3% higher than 2024). APA is targeting at least $350 million in sustainable annual savings by the end of 2027. ### What is APA Corporation's approach to sustainability and environmental stewardship? APA Corporation released sustainability publications in July 2025 highlighting progress in environmental stewardship, social responsibility, and corporate governance throughout 2024. The company has renegotiated gas agreements in Egypt to support steady production, focuses on operational efficiency to reduce environmental impact, and emphasizes responsible energy development. APA maintains initiatives including the Apache Women's Network and promotes a diverse and inclusive culture where employees' voices are valued and respected. ## Tags b2b, energy, public --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*