Apache Corp. - S&P Global Ratings’ Credit Research

Apache Corp.

Apache Corp. - S&P Global Ratings’ Credit Research
Apache Corp.
Published Nov 30, 2012
2788 words — Published Nov 30, 2012
Price US$ 500.00  |  Buy this Report Now

About This Report


Large, well-diversified reserve base. Several large international projects that enhance long-term reserve and production growth prospects. Favorable historical trends in reserve replacement and production growth. A modest financial risk profile and historically conservative financial policy. Participation in the highly cyclical exploration and production sector of the oil and gas industry. Periodic acquisitions to supplement organic growth. A weak intermediate-term outlook for natural gas prices. The ratings on Houston-based independent exploration and production (E&P) firm Apache Corp. reflect our assessment of the company's "strong" business risk and "modest" financial risk profiles. The ratings incorporate the company's large, geographically diversified reserve base, balanced exposure to natural gas and crude oil, and favorable multiyear reserve replacement and production trends. Standard&Poor's Ratings

Brief Excerpt:

RESEARCH Apache Corp. Publication date: 30-Nov-2012 Primary Credit Analyst: Lawrence A Wilkinson, New York (1) 212-438-1882; lawrence_wilkinson@standardandpoors.com Secondary Contact: Carin Dehne-Kiley, CFA, New York (1) 212-438-1092;...

Report Type:

Full Report

Oil & Gas Exploration & Production (10102020)
Global Issuers , Structured Finance
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Cite this Report

S&P Global Ratings’ Credit Research. "Apache Corp." Nov 30, 2012. Alacra Store. Mar 28, 2017. <http://www.alacrastore.com/s-and-p-credit-research/Apache-Corp-1043171>
S&P Global Ratings’ Credit Research. (). Apache Corp. Nov 30, 2012. New York, NY: Alacra Store. Retrieved Mar 28, 2017 from <http://www.alacrastore.com/s-and-p-credit-research/Apache-Corp-1043171>
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