APA Management

Management criteria checks 3/4

APA's CEO is John Christmann, appointed in Jan 2015, has a tenure of 9.42 years. total yearly compensation is $13.76M, comprised of 9.4% salary and 90.6% bonuses, including company stock and options. directly owns 0.2% of the company’s shares, worth $21.34M. The average tenure of the management team and the board of directors is 4.4 years and 4.2 years respectively.

Key information

John Christmann

Chief executive officer

US$13.8m

Total compensation

CEO salary percentage	9.4%
CEO tenure	9.4yrs
CEO ownership	0.2%
Management average tenure	4.4yrs
Board average tenure	4.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has John Christmann's remuneration changed compared to APA's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$3b
Dec 31 2023	US$14m	US$1m	US$3b
Sep 30 2023	n/a	n/a	US$2b
Jun 30 2023	n/a	n/a	US$1b
Mar 31 2023	n/a	n/a	US$2b
Dec 31 2022	US$14m	US$1m	US$4b
Sep 30 2022	n/a	n/a	US$4b
Jun 30 2022	n/a	n/a	US$3b
Mar 31 2022	n/a	n/a	US$2b
Dec 31 2021	US$15m	US$1m	US$973m
Sep 30 2021	n/a	n/a	US$601m
Jun 30 2021	n/a	n/a	US$710m
Mar 31 2021	n/a	n/a	US$8m
Dec 31 2020	US$14m	US$1m	-US$5b
Sep 30 2020	n/a	n/a	-US$8b
Jun 30 2020	n/a	n/a	-US$8b
Mar 31 2020	n/a	n/a	-US$8b
Dec 31 2019	US$14m	US$1m	-US$4b
Sep 30 2019	n/a	n/a	-US$958m
Jun 30 2019	n/a	n/a	-US$707m
Mar 31 2019	n/a	n/a	-US$152m
Dec 31 2018	US$15m	US$1m	US$40m
Sep 30 2018	n/a	n/a	US$877m
Jun 30 2018	n/a	n/a	US$859m
Mar 31 2018	n/a	n/a	US$1b
Dec 31 2017	US$14m	US$1m	US$1b

Compensation vs Market: John's total compensation ($USD13.76M) is above average for companies of similar size in the UK market ($USD5.77M).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.

CEO

John Christmann (57 yo)

9.4yrs

Tenure

US$13,763,441

Compensation

Mr. John J. Christmann, IV, has been the Chief Executive Officer and Director of APA Corporation since January 20, 2015 and has been its President as well as served as its Executive Vice President and Chie...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
John Christmann	CEO & Director	9.4yrs	US$13.76m	0.20% $ 21.3m
Stephen Riney	President & CFO	9.3yrs	US$6.68m	0.073% $ 7.8m
David Bretches	Executive Vice President of Operations	4.4yrs	US$4.91m	0.014% $ 1.5m
Tracey Henderson	Executive VP of Exploration	3.2yrs	US$4.17m	0.0081% $ 863.1k
Rebecca Hoyt	Senior VP	17.6yrs	no data	0.030% $ 3.2m
Travis Osborne	VP & Chief Information Officer	1.4yrs	no data	no data
Mark Maddox	Executive VP of Administration	4.4yrs	no data	0.017% $ 1.8m
Gary Clark	Vice President of Investor Relations	9.8yrs	no data	no data
P. Lannie	Executive VP & General Counsel	21.3yrs	US$4.55m	0.035% $ 3.8m
Castlen Kennedy	Senior Vice President of Corporate Affairs & Marketing	less than a year	no data	no data
Scott Grandt	Senior Vice President of Corporate Development	less than a year	no data	no data
Brandy Jones	Vice President of Human Resources	4.2yrs	no data	no data

4.4yrs

Average Tenure

58yo

Average Age

Experienced Management: 0HGC's management team is considered experienced (4.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
John Christmann	CEO & Director	9.4yrs	US$13.76m	0.20% $ 21.3m
David Stover	Independent Director	2.3yrs	US$299.93k	0% $ 0
Annell Bay	Independent Director	10.1yrs	US$324.93k	0% $ 0
Juliet Ellis	Independent Director	5.1yrs	US$329.93k	0.0022% $ 232.4k
Chansoo Joung	Independent Director	13.3yrs	US$329.93k	0.018% $ 1.9m
Peter Ragauss	Independent Director	9.5yrs	US$314.93k	0% $ 0
H. McKay	Independent Chairman of the Board	3.3yrs	US$499.86k	0% $ 0
Matthew Bob	Independent Director	less than a year	no data	0.0080% $ 854.6k
Anya Weaving	Independent Director	less than a year	no data	no data
Charles Hooper	Independent Director	2.3yrs	US$304.45k	0% $ 0

4.2yrs

Average Tenure

66yo

Average Age

Experienced Board: 0HGC's board of directors are considered experienced (4.2 years average tenure).

APA Management

Management criteria checks 3/4

Key information

Recent management updates

APA Corporation, Annual General Meeting, May 23, 2024

APA Corporation, Annual General Meeting, May 23, 2024

APA Corporation Announces Updates to Executive Leadership

APA Corporation Appoints Matthew Bob and Anya Weaving to Board of Directors

Apa Corporation Promotes Stephen J. Riney as President

APA Corporation Announces Appointment of Scott Grandt as Senior Vice President, Corporate Development

Recent updates

First quarter dividend of US$0.25 announced

APA Corporation Declares Cash Dividend on Common Shares, Payable August 22, 2024

First quarter 2024 earnings released: EPS: US$0.44 (vs US$0.78 in 1Q 2023)

APA Corporation, Annual General Meeting, May 23, 2024

APA Corporation, Annual General Meeting, May 23, 2024

Upcoming dividend of US$0.25 per share

APA Corporation Announces Updates to Executive Leadership

APA Corporation Appoints Matthew Bob and Anya Weaving to Board of Directors

New minor risk - Shareholder dilution

APA Corporation (NasdaqGS:APA) completed the acquisition of Callon Petroleum Company (NYSE:CPE).

New major risk - Revenue and earnings growth

Dividend of US$0.25 announced

APA Corporation Declares Cash Dividend on Common Shares, Payable on May 22, 2024

Upcoming dividend of US$0.25 per share at 3.1% yield

Apa Corporation Promotes Stephen J. Riney as President

APA Corporation (NasdaqGS:APA) entered into a definitive agreement to acquire Callon Petroleum Company (NYSE:CPE) for $2.6 billion.

APA Corporation Declares Regular Cash Dividend on Common Shares, Payable on February 22, 2024

Apache Corporation and Paramount Resources Ltd Announces Settlement Approval in Apache Canada Employee Awards Class Action

Now 23% undervalued after recent price drop

APA Corporation Provides Production Guidance for the Fourth Quarter of 2023

APA Corporation Provides Production Guidance for the Fourth Quarter of 2023

Third quarter 2023 earnings released: EPS: US$1.49 (vs US$1.28 in 3Q 2022)

Upcoming dividend of US$0.25 per share at 2.5% yield

APA Corporation Declares Cash Dividend on Common Shares, Payable on November 22, 2023

New minor risk - Earnings quality

Second quarter 2023 earnings released: EPS: US$1.24 (vs US$2.72 in 2Q 2022)

Upcoming dividend of US$0.25 per share at 2.7% yield

APA Corporation Announces Appointment of Scott Grandt as Senior Vice President, Corporate Development

APA Corporation Declares Regular Cash Dividend, Payable on August 22, 2023

First quarter 2023 earnings released: EPS: US$0.78 (vs US$5.43 in 1Q 2022)

Upcoming dividend of US$0.25 per share at 2.5% yield

Now 21% undervalued

Investor sentiment deteriorates as stock falls 17%

Full year 2022 earnings released: EPS: US$11.07 (vs US$2.60 in FY 2021)

APA Corporation Announces Second Successful Flow Test At Sapakara South

APA Corporation Declares Cash Dividend on Common Shares, Payable May 22, 2023

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age