APA Corporation
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of APA Corporation (APA). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Egypt | – | – | – | – | – | – |
| North Sea | – | – | – | – | – | – |
| U.S. | – | – | – | – | – | – |
| North Sea | – | – | – | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Egypt | -$265.0M | $991.0M | $2.49B | $1.88B | $1.71B | $1.42B |
| North Sea | $40.0M | – | – | – | – | – |
| U.S. | -$3.94B | $1.68B | $2.47B | $1.36B | $1.53B | $1.67B |
| North Sea | – | $309.0M | $756.0M | $501.0M | -$728.0M | $21.0M |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Oil and gas | $4.44B 91.8% | $7.99B 50.0% · +80.0% | $11.08B 50.0% · +38.7% | $8.28B 50.0% · -25.2% | $9.74B 50.0% · +17.6% | $8.92B 50.0% · -8.4% |
| Natural gas and NGLs sales, gathering, processing, and transmission costs | – | $6.50B 40.7% | $9.22B 41.6% · +41.9% | $7.39B 44.6% · -19.9% | $8.20B 42.1% · +11.0% | $7.23B 40.5% · -11.8% |
| Oil and gas, purchased | $398.0M 8.2% | $1.49B 9.3% · +273.6% | $1.86B 8.4% · +24.7% | $894.0M 5.4% · -51.8% | $1.54B 7.9% · +72.4% | $1.69B 9.5% · +9.7% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 10, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.