APA Corporation operates as a pure-play upstream oil and gas exploration and production company. The company's geographic footprint is anchored by its extensive acreage in the U.S. Permian Basin, specifically targeting the Midland and Delaware basins. Internationally, APA holds a major onshore position in Egypt's Western Desert and legacy offshore assets in the U.K. North Sea, though it plans to cease North Sea production by 2030. A key driver of the company's future growth is its offshore exploration and appraisal activities in Suriname, notably the GranMorgu development in Block 58 adjacent to Guyana. APA generates revenue through the sale of crude oil, natural gas, and natural gas liquids extracted from these global assets. The company previously operated midstream assets but has since deconsolidated them to focus exclusively on its core upstream operations.
