With an $11.97 billion cap, APA Corporation (APA) explores, develops, and produces oil and gas in the United States, Egypt, and the United Kingdom. It operates gathering, processing, and transmission assets in West Texas and owns four Permian-to-Gulf Coast pipelines.
APA delivered solid second-quarter results. The company’s diversified, unhedged portfolio largely benefitted from high prices across all three product streams. And this also helped APA to manage its spending categories, such as capital investment, operating costs, and general & administrative, well despite supply chain disruptions and overall cost environment.
