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This statistic highlight APA Corp’s Revenue by Segment, split between midstream and upstream, reported on a quarterly basis from 2016 onwards.
APA Corporation is an American company engaged in the exploration of hydrocarbons and the production of oil and gas properties to meet the world’s growing energy demand, sustainably and cleanly. APA Corporation is the holding company of Apache Co. Ltd. It owns the assets and operates in the United States, Egypt, the North Sea, and Altus.
APA Corp’s Revenue by Segment
The total revenue of APA Corporation increased from $1.124 billion in Q3 2020 to $2.064 billion in Q3 2021, making an increment of 83.62% on a year-on-year basis. It further increased by 17.8% on a quarter-on-quarter basis, from $1.752 billion in Q2 2021 to $2.064 billion in Q3 2021.
APA Corp’s Revenue by Segment is bifurcated into the following segments.
|Revenue by Segment||Q3 2020||Q2 2021||Q3 2021||Contribution in Q3 2021|
( All figures are in billions, except percentages)
The midstream sector involves the transportation either by pipeline, rail, barge, oil tanker or truck, storage, and wholesale marketing of crude or refined petroleum products. Pipelines and other transport systems are used to move crude oil from production sites to refineries and at last, deliver the various refined products to downstream distributors.
The contribution of midstream segment in the total revenue for the period Q3 2021 stood at 18.12%. Revenue from the midstream segment increased from $0.074 billion in Q3 2020 to $0.374 billion in Q3 2021, marking a sharp incline of 405% on a year-on-year basis. It increased by 54.54% on a quarterly basis, for $0.242 billion in Q2 2021 to $0.374 billion in Q3 2021. Revenue increased from $0.074 million in Q3 2020 to $0.242 million in Q2 2021, marking an increase of 69.42%.
These activities include exploration, drilling, and extraction. Upstream refers to all of the steps involved in the oil and gas industry’s upstream sector, from fundamental exploration to resource extraction. The upstream business includes everything from looking for potential underground or undersea crude oil and natural gas deposits to drilling exploratory wells and then drilling and operating wells to extract and deliver crude oil or raw natural gas to the surface. The company’s midstream business is operated by the Altstream Midstream Company through its subsidiary Altus Midstream LP.
The contribution of the upstream segment in the total revenue for the period Q3 2021 stood at 81.88%. Revenue in upstream in Q3 2020 increased from $1.05 billion to $1.69 billion in Q3 2021, marking a sharp incline of 60.95% on a year-on-year basis. The revenue also increased from $1.05 billion in Q3 2020 to $1.51 billion in Q2 2021, marking an increase of about 30.46%. On a quarterly basis, the revenue from this segment witnessed an increment of 11.92%, from $1.51 billion in Q2 2021 to $1.69 billion in Q3 2021.
APA was founded 68 years ago in 1954 by Truman Anderson, Charles Amao, and Raymond Planck. Headquartered in Texas, USA, it is an independent energy company that researches, develops, and produces natural gas, crude oil, and natural gas liquids (NGL). The company’s upstream operations are currently exploration and production in three geographic regions-the UK, the United States, Egypt, and the North Sea (North Sea). APA is also engaged in active exploration and planned evaluation work in Suriname and is also interested in other international locations that may provide reportable discovery and development opportunities over time.
Apache Ltd is urgently working to support carbon management and the protection of limited natural resources. The company is committed to delivering its products in an environmentally and socially responsible manner and conducting its business to prosper financially in a carbon-constrained future. They believe it is important to fully understand, discuss and address the environmental impacts and risks associated with the production and use of all forms of energy, not just those related to hydrocarbons. The company focuses on rigorous portfolio management, a disciplined financial structure, and revenue. The company’s mission is to grow in an innovative, safe, environmentally responsible, and profitable way for the long-term interests of its stakeholders. The common stock of the company is publicly traded on the NASDAQ under the symbol “APA” and is a component of the S&P 500 index.
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