Investment Thesis
APA Corporation explores and produces oil and gas across the Permian Basin, North Sea, Egypt, and emerging Suriname discoveries. Discipline on capital, diversified basins, and LNG-linked opportunities support cash returns.
- Permian Core: Midland/Delaware exposure with multi-zone inventory.
- International: Egypt PSC renegotiation and North Sea tiebacks drive cash flow.
- Exploration Upside: Suriname Block 58 development with TotalEnergies offers transformational growth.