APA

APA Corporation operates as an independent energy company engaged in the exploration, development, and production of oil and natural gas properties. Headquartered in Houston, Texas, the company was founded in 1954 and maintains operations primarily in the United States, Egypt, and the North Sea. APA's U.S. operations concentrate on the Permian Basin in Texas, along with assets in the Anadarko Basin and Gulf Coast. The company's international portfolio includes significant production in Egypt's Western Desert and operations in the United Kingdom North Sea. As of recent reports, APA employs approximately 2,900 people and manages a diverse portfolio of conventional and unconventional assets. The company produces roughly 340,000 barrels of oil equivalent per day globally. In 2021, APA completed the spin-off of its midstream business, creating Altus Midstream Company, allowing APA to focus exclusively on upstream exploration and production activities. The company emphasizes operational efficiency, capital discipline, and returning cash to shareholders through dividends and share repurchases. APA leverages advanced drilling techniques and data analytics to optimize production from its resource base, particularly in the Permian Basin where it operates multiple drilling rigs. The company maintains investment-grade credit ratings and focuses on sustaining production while generating free cash flow in various commodity price environments.