Apache (ticker: APA) is an independent energy company that explores and produces
natural gas, crude oil, and natural gas liquids. The company has proved reserves of 1.9
billion barrels of oil equivalent mostly from North American regions, such as Gulf of
Mexico, the Gulf Coast of Texas and Louisiana, the Permian Basin in West Texas, the
Anadarko Basin in Oklahoma, and western Canada.
In 2004, Apache acquired more than two dozen mature US and Canadian fields from
Exxon Mobil for $347 million and Gulf of Mexico properties from Anadarko Petroleum
for $525 million (www.apachecorp.com). The table below shows the financial wealth being of the company.
Performance more
Growth of $10,000 08-19-05
Total Return%
2002
2003
2004
YTD
Stock
15.1
50.4
25.4
36.6
+/- Industry
16.5
8.3
-1.0
8.9
+/- S&P 500
37.2
21.7
14.5
34.9
Key Stats &n ...