APA Corporation appoints new vice president and treasurer

HOUSTON - APA Corporation (NASDAQ:APA), a leading oil and gas exploration and production company with a market capitalization of $6.1 billion and annual revenue exceeding $10 billion, has announced the promotion of Aneil Kochar to the position of vice president and treasurer, effective last Sunday. Kochar, who has been with APA since 2020, will now oversee the company’s Treasury department, managing key financial operations including capital structure analysis, financing strategies, risk insurance, and liquidity management. According to InvestingPro analysis, APA currently shows a GOOD financial health score, suggesting strong operational fundamentals despite recent market challenges.

The promotion follows the recent advancement of Ben C. Rodgers to chief financial officer, vacating the treasurer role that Kochar will now fill. Rodgers commended Kochar’s extensive financial experience within the oil and gas sector, particularly highlighting his significant contribution to APA’s financial strategies and cash management improvements over the past five years.

Kochar’s tenure at APA began as the director of Finance, and in 2022 he was appointed assistant treasurer. His prior experience includes serving as vice president Finance and treasurer at Chisholm Oil and Gas, and working as an investment professional at EIG Global Energy Partners, where he focused on oil and gas investments. Under the company’s financial stewardship, APA has maintained dividend payments for 55 consecutive years, currently offering a substantial 5.93% dividend yield. Kochar’s career started in energy investment banking at Morgan Stanley. He is a University of Texas at Austin alumnus, holding both bachelor’s and master’s degrees in Accounting.

APA Corporation, with its subsidiaries, engages in the exploration and production of oil and natural gas in the United States, Egypt, and the United Kingdom, and has exploration activities offshore Suriname. Trading at a P/E ratio of 6.22, analysts predict continued profitability for the company this year. The company disseminates investor information, operational updates, and press releases through its website. For deeper insights into APA’s valuation and growth potential, investors can access comprehensive analysis through InvestingPro, which offers exclusive financial metrics and expert research reports.

This executive change comes as part of APA’s ongoing efforts to strengthen its leadership team and ensure effective management of its financial operations. The information in this article is based on a press release statement from APA Corporation.

In other recent news, APA Corporation has reported impressive financial results for the first quarter of 2025, surpassing earnings expectations. The company achieved an earnings per share (EPS) of $1.06, significantly exceeding the anticipated $0.74, and reported revenue of $2.61 billion, outperforming the forecasted $2.11 billion. These results highlight APA Corporation’s strong market performance and effective cost management. Additionally, the company has declared a regular cash dividend of 25 cents per share, to be distributed on August 22, 2025, reflecting its ongoing commitment to shareholder returns.

Furthermore, APA Corporation has announced the sale of its New Mexico Permian properties for $608 million, intending to allocate the proceeds towards debt reduction. This transaction is part of the company’s strategy to streamline its portfolio and focus on its core operations in the Texas Permian Basin. The sale is expected to close in the second quarter of 2025.

Analysts have noted APA Corporation’s strategic initiatives, including plans to maintain flat oil production in the Permian Basin and achieve significant gas volume targets by year-end. The company aims for $130 million in cost savings for 2025, with a targeted $225 million annualized run rate savings by the end of the year. These developments underscore APA Corporation’s focus on enhancing operational efficiency and financial performance.

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