Page 46

Results of Operations Oil and Gas Revenues Apache’s oil and gas revenues by region are as follows: 2015 $ Value Total Oil Revenues: United States . . . . . . . . . . . $ Canada . . . . . . . . . . . . . . . .

% Contribution

2,063 244

41% 5%

North America . . . . . . . .

2,307

Egypt ............... North Sea . . . . . . . . . . . . . . International (3) . . . . . . . .

For the Year Ended December 31, 2014 % $ Value Contribution ($ in millions) 4,260 537

43% 5%

46%

4,797

1,582 1,110

32% 22%

2,692

54%

......... $

4,999

100%

Total Natural Gas Revenues: United States . . . . . . . . . . . $ Canada . . . . . . . . . . . . . . . .

382 242

33% 21%

North America . . . . . . . .

624

Egypt ............... North Sea . . . . . . . . . . . . . . International (3) . . . . . . . .

$ Value

44% 5%

48%

5,825

49%

3,126 2,117

31% 21%

3,528 2,500

30% 21%

5,243

52%

6,028

51%

$

10,040

100%

$

11,853

100%

$

935 479

47% 24%

$

1,096 587

48% 26%

54%

1,414

71%

1,683

74%

374 159

32% 14%

400 169

20% 9%

389 194

17% 9%

533

46%

569

29%

583

26%

......... $

1,157

100%

$

1,983

100%

$

2,266

100%

Total NGL Revenues: United States . . . . . . . . . . . $ Canada . . . . . . . . . . . . . . . .

191 12

84% 5%

$

549 76

82% 12%

$

544 74

84% 11%

North America . . . . . . . .

203

89%

625

94%

618

95%

Egypt ............... North Sea . . . . . . . . . . . . . .

13 11

6% 5%

13 30

4%

34

5%

International (3) . . . . . . . .

24

11%

43

6%

34

5%

.......... $

227

100%

$

668

100%

$

652

100%

Total Oil and Gas Revenues: United States . . . . . . . . . . . $ Canada . . . . . . . . . . . . . . . .

2,636 498

41% 8%

$

5,744 1,092

45% 9%

$

6,902 1,224

47% 8%

Total(1)(3)

(3)

Total(2)(3)

(3)

Total

(3)

$

% Contribution

5,262 563

(3)

$

2013

North America . . . . . . . .

3,134

49%

6,836

54%

8,126

55%

Egypt (3) . . . . . . . . . . . . . . . North Sea . . . . . . . . . . . . . .

1,969 1,280

31% 20%

3,539 2,316

28% 18%

3,917 2,728

27% 18%

International (3) . . . . . . . .

3,249

51%

Total (3) . . . . . . . . . . $

6,383

100%

5,855

46%

$

12,691

100%

Discontinued Operations: Oil Revenue . . . . . . . . . . . . $ Natural Gas Revenue . . . . . NGL Revenue . . . . . . . . . . . Total . . . . . . . . . . . . $

6,645

45%

$

14,771

100%

138 140 -

$

757 385 3

$

1,050 563 18

278

$

1,145

$

1,631

(1)

Financial derivative hedging activities decreased 2014 and 2013 oil revenues by $2 million and $47 million, respectively.

(2)

Financial derivative hedging activities increased 2014 and 2013 natural gas revenues by $2 million and $31 million, respectively.

(3)

Amounts include revenue attributable to a noncontrolling interest in Egypt.

35

Apache 2015 Summary Annual Report  

Adapting to a changing environment

Read more
Read more
Similar to
Popular now
Just for you