Apache Corporation

Mon, 12 Nov 2007 22:00:00 GMT

Apache was formed in 1954 with the simple concept of becoming a significant and profitable oil company. We have grown — through the determination of our people — to become one of the world’s top independent oil and gas exploration and development companies with $24.3 billion in assets.

Apache’s goal is to grow a profitable oil and gas company for the long-term benefit of our shareholders.

Our strategy is to build a portfolio of core areas which provide growth opportunities through both grass-roots drilling and acquisition activity. We now have operations in six countries — the United States, Canada, Egypt, Australia, the United Kingdom and our newest core area Argentina.

Whether in our oldest region, the U.S. Central region, or our newest, we seek to grow profitably while building critical mass that supports sustainable, lower-risk, repeatable drilling opportunities, balanced by higher-risk, higher-reward exploration. We also seek a balance in terms of gas vs. oil, geologic risk, reserve life and political risk.

YPE

Apache Corporation