Welcome to our dedicated page for APA (US) news (Ticker: APA), a resource for investors and traders seeking the latest updates and insights on APA (US) stock.
APA Corporation (NASDAQ: APA) is an upstream oil and natural gas company whose news flow reflects its role in the crude petroleum and natural gas extraction industry. The company regularly issues press releases and SEC filings that cover exploration and production activities, regional developments and financial performance across its portfolio.
According to APA, its subsidiaries explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom, and explore for oil and natural gas offshore Suriname and elsewhere. News about APA often highlights operational updates in these regions, including realized prices by area, production curtailments in response to regional price conditions and payments related to its longstanding partnership with the Egyptian General Petroleum Corporation.
Investors following APA news can expect updates on quarterly financial and operating results, supplemental information on realized prices and regional metrics, and announcements of regular cash dividends on common shares. The company also reports on governance developments, such as the appointment of a new vice president, Chief Accounting Officer and Controller, along with details of that role’s responsibilities and compensation structure as disclosed in Form 8-K filings.
APA’s subsidiary Apache Corporation contributes additional news related to environmental and community initiatives, including the Apache Tree Grant Program, which donates trees to nonprofit organizations and government agencies in the company’s operational areas. These stories provide context on how APA associates its upstream business with environmental stewardship and community engagement.
This news page aggregates APA-related press releases, regulatory disclosures and other coverage so readers can review the company’s latest announcements on operations, regional developments, dividends, governance changes and community programs in one place.
Apache Corporation (Nasdaq: APA) has appointed Lamar McKay to its board of directors, enhancing its leadership with over 40 years of experience in the oil and gas industry. McKay served as BP's chief transition officer until December 2020 and held key roles including deputy CEO and head of BP's worldwide upstream business. Chairman John Lowe expressed confidence in McKay's ability to contribute to Apache's mission of meeting global energy needs responsibly.
Apache Corporation (Nasdaq: APA) has announced a cash dividend of 2.5 cents per share on its common stock. This dividend is scheduled for payment on May 21, 2021, to shareholders of record as of April 22, 2021. The company operates in the oil and gas sector, with activities in the United States, Egypt, the United Kingdom, and offshore Suriname.
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Apache Corporation announced its fourth-quarter 2020 financial results, providing estimates for analysts. The estimated average realized prices were $41.00 per barrel of oil, $14.50 for NGL, and $1.70 for natural gas in the United States, while international prices were $44.50, $33.50, and $3.20, respectively. The company recorded a realized loss of $16 million on commodity derivatives and unrealized gains of $14 million. Additionally, dry hole costs were projected at $57-60 million. The earnings call is scheduled for February 25, 2021, after the earnings release on February 24.
Apache Corporation and Total S.A. announced a successful oil discovery at the Keskesi East-1 exploration well in Block 58 offshore Suriname. The well encountered 58 meters of net oil pay in the Campanian interval and 5 meters in the Santonian interval, with API oil gravities of 27-28 degrees and 35-37 degrees, respectively. This marks Apache's fourth consecutive discovery in the area, indicating strong exploration potential. Following this, Apache will transition operatorship of Block 58 to Total but will continue operating the Keskesi well until drilling is completed.
Apache Corporation announced a transition to a holding company structure, with the new entity named APA Corporation. This change will not affect the existing ticker symbol 'APA' as shares of Apache will convert to APA Corporation on a one-for-one basis. The new holding company will acquire subsidiaries in Suriname and the Dominican Republic, while Apache retains its U.S. assets, as well as interests in Egypt, the U.K., and Altus Midstream Company. This restructuring aims to modernize the company’s legal framework and enhance operational flexibility.
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Apache Corporation has declared a regular cash dividend of 2.5 cents per common share, payable on February 22, 2021. The record date for shareholders is January 22, 2021. This announcement reflects the company's ongoing commitment to returning value to shareholders during its operations across the United States, Egypt, and the United Kingdom, as well as its exploration activities in Suriname.
Apache Corporation announced its third-quarter 2020 results and provided access on its website. A conference call is scheduled for November 5, 2020, at 10 a.m. Central time to discuss these results, which will also be available for later playback. Apache operates in oil and gas exploration and production across the U.S., Egypt, and the U.K., with exploration activities offshore Suriname. The company emphasizes transparency by posting operational updates and investor information on its website.
Apache Corporation (Nasdaq: APA) provided supplemental information about its third-quarter 2020 results. Key estimates include:
- Average Realized Prices: U.S. Oil at $40.00/bbl, NGL at $13.00/bbl, Natural Gas at $1.40/Mcf.
- International Oil at $42.00/bbl, NGL at $27.00/bbl, Natural Gas at $2.80/Mcf.
- Realized loss on commodity derivatives (before tax): $83 million.
- Unrealized loss on commodity derivatives (before tax): $91 million.
Additionally, dry hole costs are estimated at $5-10 million before tax. The earnings call is scheduled for Nov. 5, 2020.