APA-Apache
APA-Apache
APA Corporation Announces Second-Quarter 2023 Financial and Operational Results Key Takeaways • Reported production of 399,000 barrels of oil equivalent (BOE) per day; adjusted production, which excludes Egypt noncontrolling interest and tax barrels, was 325,000 BOE per day; • Generated net cash from operating activities of $1 billion; • Returned 131% ($123 Million) of Free Cash Flow to shareholders in the second quarter; • Appraisal at Krabdagu-3 on Block 58 offshore Suriname confirms extension of oil resource 14 kilometers from the discovery well[/b]; • Long-term natural gas supply contract with Cheniere commenced Aug. 1; and • On track to deliver total adjusted oil production growth of more than 10% for the year, driven by U.S. and Egypt performance.