Apache Corporation

Industry: Gas

Fortune Rank: 271

Apache Corporation engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids. In North America, its exploration and production interests are focused in the Gulf of Mexico, the Gulf Coast, the Permian Basin, the Anadarko Basin, and the western sedimentary basin of Canada. The company also has exploration and production interests offshore and onshore Egypt, offshore Western Australia, offshore the United Kingdom in the North Sea, offshore the People's Republic of China, and onshore Argentina. As of December 31, 2004, the company had total estimated proved reserves of 932 millions barrels of crude oil, condensate, and natural gas liquids; and 6.0 trillion cubic feet of natural gas. Apache Corporation was formed in 1954 and is based in Houston, Texas.

Apache Corporation

Apache Corporation achieved revenue of $8,614.80 million in 2010 but posted a loss of $-284.40 million.

Apache Corporation's rank changes

The company's ranking in 2010 was a decline from 2009 when it was ranked 217th on the Fortune 500. The Previous ranking was based on its 2009 revenue of $12,390 million (a change of -4 million compared to 2010) and profits of $712 million (a change of -996 million compared to 2010).

Another point of view

To many investors, profits are more important than revenue a company earns, If the Fortune 500 was ranked by profits instead of revenue then Apache Corporation would be ranked 436th rather than 271st due to the fact it made a loss of $-284 million in 2010.

Apache Corporation Revenue* Profit* Fortune Ranking

* US$ Million

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