Table of Contents Table of Contents 2 List of Tables 5 List of Figures 6 Company Snapshot 8 Key Information 8 Company Overview 8 Apache Corporation, Valuation and Financial Data 9 Apache Corporation, Share Price Performance 9 Share Price Performance, Q4, 2014-Q4, 2015 9 Apache Corporation, Key Valuation Metrics 10 Key Valuation Metrics, Q4, 2014-Q4, 2015 10 Apache Corporation, Quarterly Results of Oil & Gas Operations Per boe Produced 11 Results of Oil & Gas Operations Per boe Produced, Q4, 2014-Q4, 2015 11 Results of Oil & Gas Operations Per boe Growth Rates, Q4, 2014-Q4, 2015 12 Apache Corporation, Quarterly E&P Costs Trends 13 Upstream Capital Expenditure, Q4, 2014-Q4, 2015 13 Apache Corporation, Quarterly Production Trends 14 Apache Corporation, Total Oil and Gas Production 14 Total Crude Oil and Natural Gas Production Trend, Q4, 2014-Q4, 2015 14 Total Crude Oil & Natural Gas Production, By Country/Region, Q4, 2014-Q4, 2015 15 Apache Corporation, Crude Oil Production 16 Total Crude Oil Production Trend, Q4, 2014-Q4, 2015 16 Crude Oil Production, By Country/Region, Q4, 2014-Q4, 2015 17 Apache Corporation, Natural Gas Production 18 Total Natural Gas Production Trend, Q4, 2014-Q4, 2015 18 Natural Gas Production, By Country/Region, Q4, 2014-Q4, 2015 19 Apache Corporation, Valuation and Financial Data, 2011-2015 20 Apache Corporation, Share Price Performance, 2011-2015 20 Share Price Performance, 2011-2015 20 Key Valuation Metrics, 2011-2015 21 Apache Corporation, Production and Reserves Trends 22 Total Oil and Gas, Reserves and Production 22 Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 22 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 24 Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 26 Crude Oil/Liquids Production and Reserve 27 Crude Oil/Liquids Production and Reserve Trend, 2011-2015 27 Crude Oil Production and Reserves By Country/Region, 2011-2015 28 Crude Oil/Liquids Reserve Changes, 2011-2015 30 Natural Gas Production and Reserve 31 Natural Gas Production and Reserve Trend, 2011-2015 31 Natural Gas Production and Reserves, By Country/Region, 2011-2015 32 Natural Gas Reserve Changes, 2011-2015 34 Total Crude Oil and Natural Gas Reserves Life Index 35 Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 35 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 36 Apache Corporation, E&P Costs Trends 38 Allocation of the Upstream Capital Expenditure 38 Upstream Capital Expenditure, 2011-2015 38 Acquisition Costs By Country/Region, 2011-2015 39 Exploration and Development Costs, By Country/Region, 2011-2015 41 Oil and Gas Cost Per boe, US$/boe 43 Oil and Gas Cost Per boe, US$/boe, 2011-2015 43 Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 45 Apache Corporation, Reserve Replacement Ratio 48 Oil and Gas Production Replacement Ratio 48 Oil and Gas Production Replacement Ratio, 2011-2015 48 Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 50 Apache Corporation, Results of Oil & Gas Operations Trend 55 Oil and Gas Revenue and Expenses 55 Oil and Gas Revenue and Expenses, 2011-2015 55 Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 56 Oil and Gas Revenue and Expenses, Per boe 61 Oil and Gas Revenue and Expenses, By boe, 2011-2015 61 Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 62 Oil and Gas Performance Metrics 66 Apache Corporation, Land Holdings and Well Data 67 Developed and Undeveloped Acreage 67 Gross and Net Developed and Undeveloped Acreage, 2011-2015 67 Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 68 Well Statistics 71 Producible Oil and Gas Well, 2011-2015 71 Producible Oil and Gas Well, By Country/Region, 2011-2015 72 Exploration and Development Wells Drilled, 2011-2015 77 Exploration and Development Wells Drilled, By Country/Region, 2011-2015 79 Recent Developments 81 Apache Corporation - Recent Developments 81 Apr 18, 2016: Energy Companies Pressing Texas Lawsuit Against Apache Over Oil And Gas Payment Shortages, Lease Terminations 81 Apr 08, 2016: Government of Egypt: Holding Talks Between The Minister Of Petroleum And Apache’s Chief Executive Officer $ 1 Billion , US Investments In 2016/2017 81 Mar 25, 2016: Apache's Latest Faghur Basin Discovery In Egypt Tests 4,554 Barrels Of Oil, 10.1 MMcf Of Gas Per Day 81 Feb 25, 2016: Apache Announces Fourth-Quarter And Full-Year 2015 Financial And Operational Results 82 Feb 25, 2016: Apache Releases Fourth-Quarter And Full-Year Financial And Operational Results 84 Dec 15, 2015: Well-Centric Secures £8 Million Contract Win 87 Nov 17, 2015: Apache Provides Highlights From Its North Sea Region Update 87 Nov 12, 2015: Arab Republic Of Egypt: Signing 5 New Petroleum Agreements For Oil And Gas Exploration 88 Nov 09, 2015: Redhawk Announces $15,000,000 Offering - Drilling And Development In The Permian Basin 89 Nov 05, 2015: Apache Announces Third Quarter 2015 Quarterly Supplement 90 Appendix 95 Methodology 95 Coverage 95 Secondary Research 95 Primary Research 95 Data Information Sources 96 Company Source 96 SEC/Other Regulatory Filings 96 Other Sources 96 Expert Panel Validation 96 Data Definition 96 Oil and Gas Reserves 96 Units of Measure 97 About GlobalData 97 Disclosure 97 Disclaimer 97

List of Tables Table 1: Apache Corporation, Key Facts 8 Table 2: Apache Corporation, Share Price Performance, Q4, 2014-Q4, 2015 9 Table 3: Apache Corporation, Key Valuation Metrics, Q4, 2014-Q4, 2015 10 Table 4: Apache Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2014-Q4, 2015 11 Table 5: Apache Corporation, Results of Oil & Gas Operations Per boe Growth Rates, %, Q4, 2014-Q4, 2015 12 Table 6: Apache Corporation, Upstream Capital Expenditure, Q4, 2014-Q4, 2015 13 Table 7: Apache Corporation, Total Crude Oil and Natural Gas, Production, Q4, 2014-Q4, 2015 14 Table 8: Apache Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2014-Q4, 2015 15 Table 9: Apache Corporation, Total Crude Oil Production, mmbbl, Q4, 2014-Q4, 2015 16 Table 10: Apache Corporation, Crude Oil Production, By Country/Region, mmbbl, Q4, 2014-Q4, 2015 17 Table 11: Apache Corporation, Total Natural Gas Production, bcf, Q4, 2014-Q4, 2015 18 Table 12: Apache Corporation, Natural Gas Production, By Country/Region, bcf, Q4, 2014-Q4, 2015 19 Table 13: Apache Corporation, Share Price Performance, 2011-2015 20 Table 14: Apache Corporation, Key Valuation Metrics, 2011-2015 21 Table 15: Apache Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 23 Table 16: Apache Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 25 Table 17: Apache Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 26 Table 18: Apache Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27 Table 19: Apache Corporation, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 29 Table 20: Apache Corporation, Crude Oil Reserve Changes, mmbbl, 2011-2015 30 Table 21: Apache Corporation, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31 Table 22: Apache Corporation, Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 33 Table 23: Apache Corporation, Natural Gas Reserve Changes, bcf, 2011-2015 34 Table 24: Apache Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 35 Table 25: Apache Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 37 Table 26: Apache Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 38 Table 27: Apache Corporation, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 40 Table 28: Apache Corporation, Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 42 Table 29: Apache Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 43 Table 30: Apache Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 47 Table 31: Apache Corporation, Oil and Gas Production Replacement Ratio, %, 2011-2015 48 Table 32: Apache Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 53 Table 33: Apache Corporation, Revenue and Expenses, US$ mil, 2011-2015 55 Table 34: Apache Corporation, Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 59 Table 35: Apache Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 61 Table 36: Apache Corporation, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 65 Table 37: Apache Corporation, Oil and Gas Performance Metrics, 2011-2015 66 Table 38: Apache Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 67 Table 39: Apache Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 70 Table 40: Apache Corporation, Producible Oil and Gas Wells, 2011-2015 71 Table 41: Apache Corporation, Producible Oil and Gas Wells, By Country/Region, 2011-2015 75 Table 42: Apache Corporation, Exploratory and Developed Wells, 2011-2015 78 Table 43: Apache Corporation, Exploratory and Developed Wells, By Country/Region, 2011-2015 79 List of Figures Figure 1: Apache Corporation, Share Price Performance, USD/Share, Q4, 2014-Q4, 2015 9 Figure 2: Apache Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q4, 2014-Q4, 2015 10 Figure 3: Apache Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2014-Q4, 2015 11 Figure 4: Apache Corporation, Upstream Capital Expenditure, US$ mil, Q4, 2014-Q4, 2015 13 Figure 5: Apache Corporation, Total Crude Oil and Natural Gas, Production, mmboe, Q4, 2014-Q4, 2015 14 Figure 6: Apache Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2014-Q4, 2015 15 Figure 7: Apache Corporation, Total Crude Oil Production, mmbbl, Q4, 2014-Q4, 2015 16 Figure 8: Apache Corporation, Crude Oil Production, By Country/Region, mmbbl, Q4, 2014-Q4, 2015 17 Figure 9: Apache Corporation, Total Natural Gas Production, bcf, Q4, 2014-Q4, 2015 18 Figure 10: Apache Corporation, Natural Gas Production, By Country/Region, bcf, Q4, 2014-Q4, 2015 19 Figure 11: Apache Corporation, Share Price Performance, USD/Share, 2011-2015 20 Figure 12: Apache Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 21 Figure 13: Apache Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 22 Figure 14: Apache Corporation, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 24 Figure 15: Apache Corporation, Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 24 Figure 16: Apache Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 26 Figure 17: Apache Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27 Figure 18: Apache Corporation, Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 28 Figure 19: Apache Corporation, Oil Production, By Country/Region, mmbbl, 2011-2015 28 Figure 20: Apache Corporation, Crude Oil Reserve Changes, mmbbl, 2015 30 Figure 21: Apache Corporation, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31 Figure 22: Apache Corporation, Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 32 Figure 23: Apache Corporation, Gas Production, By Country/Region, bcf, 2011-2015 32 Figure 24: Apache Corporation, Natural Gas Reserve Changes, bcf, 2015 34 Figure 25: Apache Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 35 Figure 26: Apache Corporation, Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36 Figure 27: Apache Corporation, Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36 Figure 28: Apache Corporation, Oil Reserve Life Index, By Country/Region, Years, 2011-2015 37 Figure 29: Apache Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 38 Figure 30: Apache Corporation, Proved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39 Figure 31: Apache Corporation, Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39 Figure 32: Apache Corporation, Development Costs, By Country/Region, US$ mil, 2011-2015 41 Figure 33: Apache Corporation, Exploration Costs, By Country/Region, US$ mil, 2011-2015 41 Figure 34: Apache Corporation, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 43 Figure 35: Apache Corporation, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, $/boe, 2011-2015 45 Figure 36: Apache Corporation, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, $/Boe, 2011-2015 45 Figure 37: Apache Corporation, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, $/boe, 2011-2015 46 Figure 38: Apache Corporation, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 48 Figure 39: Apache Corporation, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 50 Figure 40: Apache Corporation, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 50 Figure 41: Apache Corporation, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 51 Figure 42: Apache Corporation, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 51 Figure 43: Apache Corporation, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 52 Figure 44: Apache Corporation, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 52 Figure 45: Apache Corporation, Revenue and Expenses, US$ mil, 2011-2015 55 Figure 46: Apache Corporation, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 56 Figure 47: Apache Corporation, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 56 Figure 48: Apache Corporation, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 57 Figure 49: Apache Corporation, Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 57 Figure 50: Apache Corporation, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 58 Figure 51: Apache Corporation, Production Costs, By Country/Region, US$ mil, 2011-2015 58 Figure 52: Apache Corporation, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 59 Figure 53: Apache Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 61 Figure 54: Apache Corporation, Income Tax/(Benefit) per boe, By Country/Region, $/boe, 2011-2015 62 Figure 55: Apache Corporation, Lifting Cost per boe, By Country/Region, $/boe, 2011-2015 62 Figure 56: Apache Corporation, Annual Net Income per boe, By Country/Region, $/boe, 2011-2015 63 Figure 57: Apache Corporation, Oil & Gas Revenue per boe, By Country/Region, $/boe, 2011-2015 63 Figure 58: Apache Corporation, Total DD&A per boe, By Country/Region, $/boe, 2011-2015 64 Figure 59: Apache Corporation, Total Revenue per boe, By Country/Region, $/boe, 2011-2015 64 Figure 60: Apache Corporation, Oil and Gas Performance Metrics, 2011-2015 66 Figure 61: Apache Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 67 Figure 62: Apache Corporation, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 68 Figure 63: Apache Corporation, Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 68 Figure 64: Apache Corporation, Total Gross Developed Acreage, By Country/Region, Acres, 2011-2015 69 Figure 65: Apache Corporation, Total Net Developed Acreage, By Country/Region, Acres, 2011-2015 69 Figure 66: Apache Corporation, Producible Oil and Gas Wells, 2011-2015 71 Figure 67: Apache Corporation, Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 72 Figure 68: Apache Corporation, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 72 Figure 69: Apache Corporation, Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 73 Figure 70: Apache Corporation, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 73 Figure 71: Apache Corporation, Net Productive Gas Wells, By Country/Region, Number, 2011-2015 74 Figure 72: Apache Corporation, Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 74 Figure 73: Apache Corporation, Net Productive Oil Wells, By Country/Region, Number, 2011-2015 75 Figure 74: Apache Corporation, Exploratory and Developed Wells, 2011-2015 77