APA : Sustainability Report (APA 2025 ProgressReport)

APA

Published on 07/01/2025 at 15:38

Progress Report

2 0 2 5 S U S T AI NAB I L I T Y

Last Updated July 2025

At APA Corporation, our commitment to responsible oil and gas development is foundational to how we operate.

In 2024, we achieved numerous strategic milestones, including completing our merger with Callon Petroleum Company, reaching a final investment decision for our offshore development in Suriname, and celebrating our 70th anniversary. It was a time to reflect not only on how far we have come since our founding in 1954, but on the values that continue to drive us forward, particularly in the area of sustainability.

Our sustainability progress is tangible. We have taken meaningful steps to reduce greenhouse gas emissions, minimize freshwater usage, and protect native ecosystems. We have also deepened relationships with our community partners and recognize that long-term success must include creating shared value and building trust.

Equally important is our unwavering focus on safety. In 2024, we achieved the lowest Total Recordable Incident Rate (TRIR) in our company's history, at 0.16, demonstrating our deep-rooted safety culture. In addition, 100% of our employees participated in our annual safety culture survey, underscoring our collective commitment to continuous improvement and personal accountability.

As part of our ongoing commitment to transparency and accountability, we have evolved our sustainability reporting into two complementary documents. First, Our Approach to Sustainability focuses on Air, Water and Communities+People, and outlines the core

principles and programs guiding our work across environmental stewardship, social impact and governance, and is meant to be an overarching guide that describes our approach year after year. The second document, is this annual Sustainability Progress Report, which highlights key achievements and performance updates specific to the year.

We remain dedicated to setting a high bar for responsible operations across our industry, and we look forward to sharing our 2024 achievements in the pages ahead.

Thank you for your continued trust and support.

John J. Christmann IV

Chief Executive Officer

John J. Christmann IV, Chief Executive Officer

Letter From the CEO

DE AR STAKEHOLDERS,

Contents

04 Air

Biodiversity and Environmental Stewardship

Our People

Our 2025 Sustainability Progress Report provides yearly highlights,

key performance data, progress on 2024 goals, plus new goals for 2025.

This report should be read in conjunction with Our Approach to Sustainability, which details our ongoing sustainability programs and initiatives, including

our sustainability philosophy and management in the areas of environmental

stewardship, communities and people, and governance.

We are committed to reducing emissions while responsibly producing reliable, secure, affordable energy to help meet growing global demand. We do this by responsibly leveraging available technology, implementing operational improvements, and designing or redesigning facilities to minimize emissions and maximize efficiency.

11%

reduction in global GHG emissions intensity since 2023.

NE W GOAL FOR 2025

Achieve a flaring intensity of 1% or less for our U.S. onshore assets.

Achieved Oil and Gas Methane Partnership (OGMP) 2.0 Gold Standard Pathway in our inaugural year as a member of the program.

‌OUR 2024 HIGHLIGHTS

In Egypt, teams delivered projects to reduce diesel consumption for power generation by 27%, exceeding our 10% target. To achieve this goal, the asset team expanded transmission lines from natural gas turbines, facilitating the switch from diesel power generation at many field locations.

We exceeded our goal to eliminate at least 1 million tonnes of annualized carbon dioxide equivalent (CO2e) emissions between 2021 and 2024, executing over 50 global projects that eliminated 1.24 million tonnes of annualized CO2e emissions. Flaring eliminated at Egypt remote production facilities accounted for approximately 80% of total CO2e eliminated.¹

Continued to reduce the number of natural gas driven pneumatics in our U.S.

onshore areas, focusing on retrofitting pneumatics at newly acquired facilities.

2024 GHG EMISSIONS (SCOPE 1)

6.22

million

tonnes CO2e

Global GHG emissions intensity²

82.4% CO2

5.13 million CO2 as CO2e

17.1% CH₄

1.07 million tonnes CH4 as CO2e

0.5% N2O

29,072 tonnes N2O as CO2e

Global methane emissions intensity²

28.4

32.4

30.3

30.5

27.2

0.25

0.29

0.20

0.18

0.17

kg CO2e/BOE produced

kg CH4/BOE produced

2020 2021 2022 2023

2024

2020

2021

2022

2023 2024

FL ARING

As a result of the Callon Petroleum Company (CPC) acquisition in April 2024, APA Corporation's U.S. onshore flaring emissions increased. However, APA has taken several steps to reduce flaring at many of the acquired facilities. Examples of projects that have been implemented include:

 Upgrading gas treatment equipment to allow for better efficiency in delivering

on-spec quality gas to our midstream provider, helping to avoid shutdowns that may

lead to gas being routed to flare.

 Upgrading the SCADA network, which governs remote monitoring, thereby allowing for more efficient surveillance of off-spec gas conditions that may lead to flaring.

 Working with our midstream provider to enhance our H2S measurement equipment to provide more reliable monitoring and gas content.

ELEC TRIFICATION

Electrification of field equipment can provide multiple benefits when the power grid is available, stable and economically viable. With the acquisition of CPC, our number of electrified facilities grew in the Permian Basin. Although increasing electrification of our equipment has increased our Scope 2 emissions, which reflect emissions from purchased electricity, using more electric power reduces our overall emissions compared to running equipment on traditional liquid fuels in the field.

KE Y PERFORMANCE DATA

Units

2024

2023

2022

2021

2020

Global Greenhouse Gas Emissions

Operated emissions2,3 (Scope 1)

Thousand tCO2e

6,225

5,962

5,679

6,255

6,290

Carbon dioxide

Thousand tCO2e

5,131

5,050

4,703

4,831

4,830

Methane

Thousand tCO2e

1,065

879

945

1,389

1,410

Nitrous oxide

Thousand tCO2e

29

33

31

35

50

Operated direct emissions (Scope 1) by source

Flaring

Thousand tCO2e

1,349

1,573

1,409

1,477

1,480

Venting

Thousand tCO2e

707

575

576

690

420

Fuel combustion

Thousand tCO2e

3,964

3,635

3,495

3,548

3,550

Fugitives

Thousand tCO2e

204

179

199

541

830

Operated indirect emissions (Scope 2)

Thousand tCO2e

445

223

216

344

490

Global Emissions Intensities3,4

Global GHG emissions intensity

kg CO2e/boe produced

27.2

30.5

30.3

32.4

28.4

Global methane emissions intensity

kg CH4/boe produced

0.17

0.18

0.20

0.29

0.25

Global Energy Use

Energy use

Thousand MWh

5,400

4,350

4,190

4,600

4,880

Combustion energy

Thousand MWh

4,170

3,820

3,670

3,720

3,730

Electricity

Thousand MWh

1,230

530

520

880

1,150

ISO 14001:2015 (Environmental Management System)

Operations certified (by revenue)

%

47

59

55

Operations certified (by production)

%

38

46

47

ISO 50001:2018 (Energy Management System)

Operations certified (by revenue)

%

12

18

17

Operations certified (by production)

%

8

11

10

2024 KE Y EMISSIONS DATA BY COUNTRY

Units

U.S.

U.K.

Egypt

Operated emissions²,³ (Scope 1)

Thousand tCO2e

1,482

831

3,912

Carbon dioxide

Thousand tCO2e

1,237

776

3,118

Methane

Thousand tCO2e

244

40

781

Nitrous oxide

Thousand tCO2e

1.1

15.3

12.6

Operated direct emissions (Scope 1) by source

Flaring

Thousand tCO2e

350

124

874

Venting

Thousand tCO2e

132

17

558

Fuel combustion

Thousand tCO2e

937

685

2,343

Fugitives

Thousand tCO2e

63

5

137

Operated indirect emissions (Scope 2)

Thousand tCO2e

433

1

12

¹ GHD, a privately owned global professional services company, verified all measurement frameworks and reported attainment levels associated with the goal of eliminating at least 1 million tonnes of annualized carbon dioxide equivalent (CO2e) by the end of 2024.

² Emissions in 2024 are calculated using IPCC AR5 Global Warming Potentials (GWPs). Prior

to 2024, reported emissions were calculated using AR4.

³ Operated emissions include Scope 1 emissions calculated under applicable regulatory requirements and boundaries in the U.S. and U.K. For operations within the U.S., Scope 1 emissions include emissions reported to the U.S. Environmental Protection Agency under Subpart C and Subpart W.

⁴ Global intensities were calculated using Scope 1 emissions from production and gathering and boosting operations in APA's U.S. and U.K. operating areas and Egypt joint venture operations and associated gross production.

Disclaimer

APA Corporation published this content on July 01, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on July 01, 2025 at 19:37 UTC.