APA Corporation saw a slide in Q2 due to earnings miss and also faced challenges in Q1. Despite rough patches, the firm made significant moves like the acquisition of Callon Petroleum Company, leading to increased oil production from Permian basin. Most recently, APA Corp disposed of non-core Permian and Eagle Ford assets for a reported sum of $700 million. Executive management reshuffles were also announced following the acquisition. The company is actively exploring options for a $1bi sale of Permian assets to reduce debt burden. Even though APA Corp's stock outperformed competitors on several trading days, there's little excitement around it. Nevertheless, sustainability plans for 2024 have been published, pointing towards APA Corp's commitment to a greener future.
Apa Corporation APA News Analytics from Wed, 01 Nov 2023 22:20:32 GMT to Sun, 01 Sep 2024 12:28:08 GMT -
Rating -3
- Innovation 0
- Information 7
- Rumor -2
