APA Reduces Workforce as Part of Cost-Cutting Initiative [Yahoo! Finance]
APA Corporation (APA)
Last apa corporation earnings: 2/26 05:26 pm
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US:NYSE Investor Relations:
investor.apachecorp.com/events-and-presentations
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Source: Yahoo! Finance
It recently reduced its workforce by 10-15%, affecting around 300 employees globally. These cuts align with the company's broader strategy to lower costs and sustain long-term profitability in an evolving energy landscape. APA has long been looking for cost-cut measures targeting $350 million in annualized savings by 2027 to drive efficiency. Its revenues and profitability were badly affected by the fluctuating oil and gas prices. The initiative focuses on optimizing capital efficiency, lowering lease operating expenses and streamlining overhead costs. Several factors have pushed APA to make this layoff decision. Lower crude prices, increased automation in oilfields and uncertainty in global energy demand have led many energy companies, including APA, to reassess their cost structures. Industry giants like Chevron and BP have also announced significant layoffs, indicating a broader trend of workforce reductions across the sector. APA's cost-cutting measures are also associated w
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APA
News
- APA (NASDAQ:APA) had its "neutral" rating reaffirmed by analysts at UBS Group AG.MarketBeat
- APA (NASDAQ:APA) was given a new $22.00 price target on by analysts at Mizuho.MarketBeat
- Johnson Rice Upgrades APA Corporation (APA) To Accumulate, Lifts Price Target [Yahoo! Finance]Yahoo! Finance
- APA declares $0.25 dividend [Seeking Alpha]Seeking Alpha
- APA Corporation Declares Cash Dividend on Common SharesGlobeNewswire
APA
Earnings
- 11/5/25 - Miss
APA
Sec Filings
- 11/28/25 - Form 3
- 11/10/25 - Form 8-K
- 11/6/25 - Form 10-Q
- APA's page on the SEC website