On
'Apache has ample liquidity and a very manageable bond maturity profile for the next five years. We have taken aggressive actions to protect our balance sheet and cash flows: decreased planned 2020 upstream capital investment by approximately
Apache has a
Apache has posted a presentation at investor.apachecorp.com/events-and-presentations with a review of its recent strategic actions related to the current market environment, including near-term hedges to protect cash flow from oil price dislocations, its liquidity position and debt maturity profile, and implications of S&P's ratings action.
About Apache
Forward-looking statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by words such as 'anticipates,' 'intends,' 'plans,' 'seeks,' 'believes,' 'continues,' 'could,' 'estimates,' 'expects,' 'guidance,' 'may,' 'might,' 'outlook,' 'possibly,' 'potential,' 'projects,' 'should,' 'will,' 'would,' and similar references to future periods, but the absence of these words does not mean that a statement is not forward-looking. These statements include, but are not limited to, statements about future plans, expectations and objectives for Apache's operations, including statements about our capital plans, drilling plans, production expectations, asset sales, and monetizations. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties which could cause our actual results, performance, and financial condition to differ materially from our expectations. Any forward-looking statement made by Apache in this news release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. Apache undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future development or otherwise, except as may be required by law.
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