APA Corporation (APA) has been engaged in several significant business moves recently. They have expanded their partnership with
Palantir to better leverage AI technology in their oil and gas operations. Their overall performance seems to have resonated with the market as the
APA stock frequently outperformed competitors on several trading days. Despite a 30% YTD sell-off, some believe that APA's stock is a viable buy. APA has decided to
sell Permian assets for $950 million and also contemplating the
sale of non-core Permian and Eagle Ford assets for $700 million. A potential
$1 billion sale of Permian assets is on the horizon. APA reported top-tier
Permian performance and continues to curtail natural gas production in Q3 2024. APA and
TotalEnergies have decided to make a joint venture offshore Suriname. APA's dividend payouts remain consistent at 0.25, reflecting the company's stable financial status. APA's
general counsel retires, prompting internal management changes, and they've completed their acquisition of Callon Petroleum Company, boosting Permian production.
Apa Corporation APA News Analytics from Tue, 06 Feb 2024 22:55:52 GMT to Fri, 25 Oct 2024 21:20:00 GMT -
Rating 6
- Innovation -4
- Information 4
- Rumor -7
