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Operating with honesty, transparency, and ethical standards in all business dealings, maintaining trust with stakeholders, investors, and communities.

Integrity

Pursuing excellence through innovation, learning from experiences, and constantly seeking better ways to operate safely and efficiently.

Continuous Improvement

Focusing on delivering measurable outcomes, meeting commitments, and creating value through disciplined execution and operational excellence.

Results-Oriented

Collaborating across functions and geographies as 'One Team' to achieve common goals and leverage diverse perspectives for better solutions.

Teamwork

Empowering employees to make decisions, take responsibility for outcomes, and approach their work with the mindset of owners building long-term value.

Ownership

Encouraging employees to question conventional boundaries, challenge assumptions, and develop creative solutions to complex energy challenges.

Innovation

Fostering a diverse and inclusive workplace where all employees bring unique perspectives, feel valued and respected, and have a sense of belonging.

Inclusion

APA Corporation is an independent energy company engaged in the exploration, development, and production of oil, natural gas, and natural gas liquids across the United States, Egypt, and the United Kingdom, with offshore exploration in Suriname.

John J. Christmann IV

Chief Executive Officer

Stephen J. Riney

President

Ben C. Rodgers

Executive Vice President and Chief Financial Officer

Kimberly Warnica

Executive Vice President and Chief Legal Officer

D. Clay Bretches

Executive Vice President, Operations (Retiring July 2025)

APA Corporation, a holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston. As of December 31, 2025, the company had 1,056 million barrels of oil equivalent of estimated proved reserves, of which 74% was in the United States, 17% was in the Libyan Desert in Egypt, 2% was in the Forties oilfield in the North Sea, and 7% was offshore of Suriname. The company's proved reserves were 48% petroleum, 23% natural gas liquids, and 29% natural gas. The company is ranked 422nd on the Fortune 500 and 1467th on the Forbes Global 2000.

https://en.wikipedia.org/wiki/APA_Corporation

Holding company for Apache Corporation, an American company engaged in hydrocarbon exploration.

Upstream exploration, development, and production of crude oil, natural gas, and natural gas liquids in the Permian Basin of West Texas and New Mexico. APA operates approximately 6,000 gross wells across the Midland Basin, Delaware Basin, and Central Basin Platform, representing approximately 68% of proved reserves. The April 2024 Callon acquisition added 145,000 net acres and increased Permian production significantly.

Permian Basin Oil & Gas Production

Oil and gas exploration and production in Egypt's Western Desert, where APA has operated for over 26 years as the largest American investor and largest oil producer in the country. Operations include high-impact exploration targets in both new and legacy acreage, contributing approximately 21% of year-end estimated proved reserves with renegotiated oil and gas economics for steady production.

Egypt Western Desert Operations

Upstream oil and gas operations in the United Kingdom North Sea, including interests in the Forties field (the largest field ever discovered in the UK North Sea), Beryl, and Skua fields. UK operations contribute about 8% of production and 3% of year-end proved reserves, with a focus on mature field optimization and enhanced recovery techniques.

UK North Sea Production

Deepwater exploration and development activities offshore Suriname, including the GranMorgu project for which APA made a final investment decision in 2024. This represents APA's expansion into frontier deepwater opportunities with significant resource potential in the emerging Guyana-Suriname basin.

Suriname Offshore Exploration

Oil and gas exploration on state lands in Alaska, where APA and partners hold 326,000 gross acres following additional acreage awards in 2024. The program includes exploratory drilling such as the Sockeye-2 well announced in March 2025, targeting substantial conventional and unconventional resources on the North Slope.

Alaska Exploration Program

Transportation, storage, and marketing services for oil and natural gas produced from APA's upstream operations. The company owns and operates infrastructure supporting its production activities, ensuring efficient delivery of products to market across its operating regions in the US, Egypt, and UK.

Midstream Infrastructure

Extraction and production of natural gas liquids (NGLs) including ethane, propane, butane, and natural gasoline as byproducts of natural gas processing. NGL production provides additional revenue streams and serves growing petrochemical and fuel markets, particularly from Permian Basin operations.

Natural Gas Liquids Production

APA Corporation reported strong fourth-quarter and full-year 2024 results with net income of $804 million ($2.27 per share) for the full year and adjusted earnings of $1.3 billion ($3.77 per share). Fourth-quarter production was 488,000 BOE per day with net cash from operations of $1.0 billion. The company highlighted successful integration of the Callon acquisition with annual cost synergies revised upward to $250 million.

APA Corporation Announces Fourth-Quarter and Full-Year 2024 Financial and Operational Results

APA Corporation announced the timeline for completing its acquisition of Callon Petroleum Company and issued an investor slide deck highlighting top-tier Permian performance. The transaction was expected to close April 1, 2024, following shareholder approval from both companies on March 27, 2024. The combined entity would have approximately 500,000 BOE per day of production, two-thirds from the Permian Basin.

APA Corporation Announces Timeline For Closing of Callon Petroleum Company Transaction

APA Corporation successfully completed its $4.5 billion all-stock acquisition of Callon Petroleum Company, significantly expanding its Permian Basin footprint. The transaction added approximately 145,000 net acres and increased APA's U.S. oil production by more than 80%. Each share of Callon common stock was exchanged for 1.0425 shares of APA common stock, with APA issuing approximately 70 million shares.

APA Corporation Completes Acquisition of Callon Petroleum Company

APA announced significant executive leadership changes including the promotion of Ben C. Rodgers to Executive Vice President and Chief Financial Officer, effective May 12, 2025. Rodgers joined APA in 2018 and previously served as SVP, Finance and Treasurer. The changes were part of organizational restructuring following the Callon acquisition that reduced officer-level positions by over 30% from 29 to 19.

APA Corporation Announces Executive Leadership Updates

APA Corporation and its partners announced preliminary results from the Sockeye-2 exploratory well on Alaska's North Slope. The announcement came after APA and partners were awarded an additional 51,000 gross acres in 2024, bringing the total Alaska lease position to 326,000 gross acres entirely on state lands, representing a significant expansion of frontier exploration activities.

APA Corporation and Partners Announce Preliminary Results of Sockeye-2 Exploratory Well in Alaska

APA Corporation announced a final investment decision for the GranMorgu project offshore Suriname, marking the company's entry into deepwater development in the emerging Guyana-Suriname basin. The project represents a strategic expansion into frontier opportunities with significant resource potential and complements APA's existing portfolio in the United States, Egypt, and UK North Sea.

APA Corporation Makes Final Investment Decision for GranMorgu Project in Suriname

APA released its sustainability publications in July 2025, highlighting the company's progress in environmental stewardship, social responsibility, and corporate governance throughout 2024. The report detailed initiatives to reduce environmental impact, improve operational efficiency, and target at least $350 million in sustainable annual savings by the end of 2027 across lease operating expense, capital, and overhead.

APA Corporation Releases 2024 Sustainability Publications Highlighting Environmental Progress

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Analyst Report: APA Corporation (APA) - Hold

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Apache Oil Corporation was founded on December 6, 1954, in Minneapolis, Minnesota, by Raymond Plank, Truman Anderson, and Charles Arnao with $250,000 in investor capital and six employees.

Company Founded

Apache drilled its first wells in the Cushing field, located between Tulsa and Oklahoma City, marking the beginning of the company's oil and gas production operations.

First Wells Drilled

Apache Corporation became a public company via an initial public offering, providing access to capital markets to fund expansion and acquisition activities.

Initial Public Offering

Apache created Apache Petroleum Company (APC), the first public master limited partnership in the United States, pioneering a new structure for energy investments.

Created First Public MLP

The company relocated its headquarters from Minneapolis to Denver, Colorado, positioning itself closer to major Rocky Mountain oil and gas operations.

Headquarters Moved to Denver

Apache acquired significant assets from Amoco, including a position in the Permian Basin of West Texas, for $515 million and 2 million shares, doubling its reserves.

Amoco Asset Acquisition

Apache moved its headquarters to Houston, Texas, establishing its presence at the heart of the American energy industry and closer to its growing Gulf Coast operations.

Headquarters Relocated to Houston

Apache acquired the Forties oilfield from BP for $1.3 billion, gaining the largest field ever discovered in the UK North Sea along with other assets in the Gulf of Mexico.

Forties Field Acquisition

Apache sold 9% of itself to the Abu Dhabi Investment Authority, securing strategic investment from a sovereign wealth fund and strengthening its balance sheet.

Abu Dhabi Investment

Apache opened its first office in Asia located in India, marking the company's expansion into new international markets and exploration opportunities.

Expansion to India and Asia

Apache filed a Form S-1 with the SEC in preparation for a corporate restructuring and potential public offering activities to optimize its corporate structure.

IPO Filing for Restructuring

The company reorganized its legal structure with APA Corporation becoming the holding company for all subsidiaries, including Apache Corporation, modernizing its corporate framework.

Corporate Reorganization

APA Corporation announced the acquisition of Callon Petroleum Company in an all-stock transaction valued at approximately $4.5 billion, significantly expanding Permian Basin operations.

Callon Petroleum Acquisition Announced

APA completed its acquisition of Callon Petroleum on April 1, 2024, adding approximately 145,000 net acres in the Permian Basin and increasing U.S. oil production by more than 80%.

Callon Acquisition Completed

APA made a final investment decision for the GranMorgu project offshore Suriname and was awarded an additional 51,000 gross acres in Alaska, expanding frontier exploration portfolio.

Suriname FID and Alaska Expansion

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