Apache Corporation – Company Information

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Apache Corporation is an independent oil and gas corporation, based in Houston, Texas, USA.

The company focuses on the exploration, development, and production of natural gas, crude oil, and natural gas liquids.

It has production and exploration activities in the US, Canada, Egypt, Australia, the UK, and Argentina.

Apache operated an average of 91 rigs around the world and produced 277.7 million barrels of oil equivalent in 2013, which ranked it as the Number one growth generator in the Permian and Anadarko basins.

The Apache Oil Corporation was founded in 1954 by Truman Anderson, Raymond Plank and Charles Arnao, in Minneapolis, Minnesota. In 1969 Apache Corporation listed shares on the New York Stock Exchange under the stock ticker symbol ‘APA’.

Apache Corporation’s mission is “to grow a profitable global exploration and production company in a safe and environmentally responsible manner for the long-term benefit of our shareholders.”

Overview

Apache Corporation Logo

  • CEO and President: John J. Christmann
  • Industry: Oil/Gas
  • Type: Public
  • Listed on the New York Stock Exchange (NYSE)
  • NYSE stock symbol: APA
  • S&P 500 Component
  • Revenue: $13,851 billion USD (2014)
  • Net income: $(5,403) million USD (2014)
  • Diluted earnings per share: $(14.06) USD (2014)
  • Company head office: One Post Oak Central, 2000 Post Oak Boulevard, Suite 100, Houston, Texas, USA
  • Employees: 4,950 (2014)
  • Website: http://www.apachecorp.com/
  • Investor relations contact number: (713) 296-6472
  • Most active driller in the United States, Egypt, and the United Kingdom’s North Sea

Apache Corporation Financial Results, Years Ended December 31

Revenue (in $ millions) 2014 2013
Oil revenues $10,752 $12,632
Gas revenues $2,329 $2,627
Natural gas liquids revenues $668 $652
Derivative instrument gains (losses), net $284 $(399)
Other revenues $(182) $48
– Total revenues $13,851 $15,560
Expenses (in $ millions)
Depreciation, depletion, and amortization, recurring $4,747 $4,894
Depreciation, depletion, and amortization, additional $5,001 $995
Depreciation, depletion, and amortization, other assets $410 $400
Asset retirement obligation accretion $181 $238
Lease operating expenses $2,479 $2,864
Gathering and transportation $273 $288
Taxes and other income $678 $785
General and administrative $434 $482
Acquisitions, divestitures and transition $67 $33
Financing costs, net $130 $177
– Total expenses $16,757 $11,156
Income (in $ millions)
Net income from continuing operations before income taxes $(2,906) $4,404
Net income including non-controlling interest $(5,060) $2,288
Net income attributable to common stock $(5,403) $2,188
Balance sheet data (in $ millions)
Total assets $55,952 $61,637
Total liabilities $12,906 $11,872
Apache shareholders’ equity $25,937 $33,396
Total equity $28,137 $35,393
Common share data (in $)
Basic earnings per share $(14.06) $5.53
Diluted earnings per share $(14.06) $5.50
Cash flow data (in $ millions)
Cash provided by operating activities $8,461 $9,835
Cash used in investing activities $(8,804) $(7,116)
Cash provided by (used in) financing activities $(794) $(973)
Cash and cash equivalents at beginning of year $1,906 $160
Cash and cash equivalents at end of year $769 $1,906

 

Source: “Apache Corporation Form 10-K 2014”


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