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This statistic highlights APA Corporation’s Revenue by Region, split across Altus, Egypt, North Sea and U.S regions, reported on a quarterly basis from Q1 2016 onwards.
APA Corporation is an American company that operates in hydrocarbon exploration and production of Oil and Gas properties and fulfils its purpose of meeting the increasing energy demand sustainably and more cleanly worldwide.
APA Corporation Revenue by Region
The company’s revenue has shown a massive growth of 89.54%($899 million) from $1004 million in Q1 2016 to $1903 million in Q1 2021. APA corporation’s total revenue grew from $1086 million in Q3 2020 to $1720 million in Q3 2021, marking an increase of 58.38% in a year. On comparing Q2 2021 and Q3 2021, there is a decline of $68 million in revenue making a downfall of 3.8% in a quarter.
APA Corporations revenue is bifurcated into the following regions:
|Region||Q3 2020||Q2 2021||Q3 2021||Contribution in Q3 2021|
|Altus||$ 40.00||$ 35.00||$ 35.00||2.03%|
|Egypt||$ 379.00||$ 499.00||$ 530.00||30.81%|
|North sea||$ 197.00||$ 247.00||$ 281.00||16.34%|
|U.S||$ 470.00||$ 1007.00||$ 874.00||50.81%|
|Total||$ 1086.00||$ 1788.00||$ 1720.00||100%|
(All figures in millions, except percentages)
The company’s revenue from the Altus region has shown a positive and constant incline from Q1 2018 to Q1 2021 making a rise of 191.67% in three years. The revenue decreased from $40 million in Q3 2020 to $35 million in Q3 2021, marking a decline of 12.5%. APA’s revenue from Altus stayed the same in Q2 2021 and Q3 2021( $35 million), constituting a small share of 2.03 % of the total revenue in Q3 2021.
Egypt region generated 30.81% of the total revenue in Q3 2021 and is one of the major revenue contributors for APA Corporation. APA’s revenue from the Egypt region increased from $379 million in Q3 2020 to $530 million in Q3 2021, marking an increase of 39.8%. In Q3 2021, the Egypt region earned a revenue of $530 million, which was an increase of 6.21% as compared to the revenue of $499 million in Q2 2021.
APA’s North sea revenue grew from $203 million in Q1 2016 to $278 million in Q1 2021, setting a growth of 36.95%. On comparing yearly, the revenue grew by $84 million (42.64%) from $197 million in Q3 2020 to $281 million in Q3 2021. Quarterly, the revenue increased from $247 million in Q2 2021 to $281 million in Q3 2021, inclined by 13.7%. This region contributed 16.34% of the total revenue in Q3 2021.
APA’s Corporation’s half of the revenue was generated from the united states which amounts to 50.81% of the total revenue in Q3 2021. U.S revenue grew from $470 million in Q3 2020 to $874 million in Q3 2021 marking an increase of 85.9%. However, the revenue decreased from $1007 million in Q2 2021 to $874 million in Q3 2021, a decline in revenue by 13.2% ($133 million).
About the company
APA was founded in 1954, 68 years ago by Truman Anderson, Charles Amao, Raymond plank. The company’s headquarter is situated in Texas, U.S. 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 areas off the UK offshore of the United States, Egypt, and the North Sea (North Sea). The company’s total assets value for the year 2020 was calculated as $12.746 billion and more than 3,160 employees were working in the organization. APA is also engaged in active exploration and planned evaluation work in Suriname and is also interested in other international locations, potentially providing reportable discovery and development opportunities over time.
Company midstream business is operated by the Altus Midstream Company through subsidiary Altus Midstream LP. Altus owns, develops, and operates a midstream network of electricity assets in the Permian Basin of western Texas. APA Corporation operates with urgency to support carbon management and the protection of limited natural resources. The company is committed to providing products in an environmentally and socially responsible manner and running the company to be financially strong and successful in a carbon-constrained future. The company believes it is important to fully understand, discuss and address environmental externalities 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.
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