APA : Sustainability Report

2021

Sustainability Report

Welcome to APA Corporation's

2021 Sustainability Report

This report includes a comprehensive view of our approach to, and progress on, sustainability initiatives. We have organized this year's report with an eye toward capturing and summarizing key messages, with important new disclosures in the first 16 pages. Data included in this report covers the 2020 calendar year unless otherwise noted.

2021 Sustainability Report

To view the report online, please visit the APA Corporation website at https://www.apacorp.com/sustainability.

APA Corporation Website https://www.apacorp.com

Media or Other Stakeholder Inquiries

Members of the media and other external stakeholders are welcome to contact our Communications & Public Affairs department with inquiries or for information about the company. These requests may be directed to [e-mail].

Contents
Introduction		39
About APA Corporation (APA)	03
Our Operations	04
Altus Midstream	05
Letter from the CEO	06
Reliable, Affordable Energy: Vital for Global Progress	07
ESG Overview
Environmental, Social and Governance (ESG) Oversight	10	Communities
Our Approach to ESG Matters	12
ESG Goals	14	+People
Aligning with TCFD	15
17	Feature Stories
A Focused and Rapid Response to Minimize
the Pandemic's Impacts	40
Building a More Effective Organization	42
		Our People
		Diversity and Inclusion	43
		Hiring Locally	49
Air		Recruitment, Development and Engagement	50
	Health and Safety
	A Resilient Approach to Health and Safety	53
Emissions	18	Our Performance	56
Greenhouse Gas Emissions Performance and Goals	20	Contractor Partnership	60
		Resilience and Risk	61
23	Community
Our Approach to Social Investing and
Community Engagement	63
Local Economic Impacts	71
Understanding and Addressing Stakeholder Concerns	72
		Human Rights	77
		Governance	79
Water		Corporate Governance and Compensation Practices	80
	Governance	81
		Engagement	87
		About This Report	90
Water Management	24	Endnotes	92
Spill Mitigation	28	Appendix	93
Greener Chemicals for Hydraulic Fracturing	30
Additional Environmental Topics	31	Key Performance Data	94
Awards and Recognitions	96
Biodiversity	32	Board Matrix	97
Seismicity and Oil and Gas Operations	35	Water Scarcity Maps	98
Waste Management	36	Our TCFD Analysis	99
		AXPC ESG Metrics Template	106
		Reporting Standards and Frameworks	107

APA Corporation 2021 Sustainability Report

01

OUR PURPOSE

Today, the world faces a dual challenge: To meet growing demand for energy and to do so in a cleaner, more sustainable way. We believe society can accomplish both, and we strive to meet those challenges while creating value for all our stakeholders.

OUR VISION

To be the premier exploration and production company, contributing to global progress by helping to meet the world's energy needs.

OUR CORE VALUES

• Safety is not negotiable and will not be compromised.
• Conduct our business with honesty and integrity.
• We derive benefit from the Earth and take our environmental responsibility seriously.
• Treat our stakeholders with respect and dignity.
• Invest in our greatest asset: our people.
• Expect top performance and innovation.
• Seek relentless improvement in all facets.
• Drive to succeed with a sense of urgency.
• Foster a contrarian spirit.

02 APA Corporation 2021 Sustainability Report

Introduction

About APA Corporation (APA)

APA Corporation's subsidiaries have exploration and production operations in the U.S., Egypt's Western Desert, the U.K.'s North Sea and exploration offshore Suriname and the Dominican Republic.

Since 1954, our team has been unified by our values, our culture and our commitment to building shareholder value, which empowers every employee to make decisions and achieve the company's goals. Our global team is brought together by a sense of ownership and the knowledge that the best answers win. We aim to be a community partner in our areas of operation, focused on protecting the safety and health of our employees, communities and the environment while continuously looking for more sustainable ways to operate.

In 2021, Apache Corporation transitioned to a holding company structure; as a result, APA Corporation was formed and became the public company traded on the Nasdaq stock exchange. APA acquired the Suriname and Dominican Republic subsidiaries from Apache Corporation, which in turn became a direct, wholly owned subsidiary of APA. The Apache Corporation subsidiary continues to hold assets in the U.S., subsidiaries in Egypt and the U.K., and economic interests in Altus Midstream Company and Altus Midstream LP.

COMPANY STRUCTURE

SUBSIDIARY	SUBSIDIARY	SUBSIDIARY
APA Suriname	APA Dominican Republic
Apache Corporation

U.S.

U.K.

Egypt

APA Corporation 2021 Sustainability Report

03