Apache Corp. (APA) Declares $0.25 Quarterly Dividend; 3.3% Yield

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Apache Corp. (APA) Announces 2019 Capital Budget and Production Outlook

February 7, 2019 5:29 PM EST

Apache Corporation (NYSE, Nasdaq: APA) today announced that its board of directors has approved a 2019 upstream capital budget1 of $2.4 billion. This represents a significant reduction from its previous 2019 investment plan, as well as from its actual upstream investment level in 2018. Despite a lower planned activity set, Apache is projecting 2019 total adjusted production2 for the full year will trend to the midpoint of its previous guidance range of 410 to 440 thousand barrels of oil equivalent (BOE) per day. This budget excludes the planned consolidated activities of Altus Midstream Company.

The company expects to generate strong fourth-quarter 2018... More