Investor Presentaiton
GLOSSARY OF REFERENCED TERMS
Capital Budget: Includes exploration and production capital, gathering, transportation and processing
capital, capitalized general and administrative expenses, capitalized interest; excludes non-oil & gas capital
and noncontrolling interest capital
CROIC (Cash Return On Invested Capital): Calculated with the numerator as cash flow from operations
before changes in working capital, excluding noncontrolling interest, with financing costs added back; and
the denominator as average debt plus average Apache shareholders' equity
Net Debt: Total debt (long-term and short-term) less cash and cash equivalents
ROCE (Return on Capital Employed): Calculated with the numerator as adjusted earnings plus financing
costs and taxes (excluding Egypt taxes); and the denominator as average debt plus average Apache
shareholders' equity
In addition to the terms above, a list of commonly used definitions and abbreviations can be found in Apache's
Form 10-K for the year ended December 31, 2017.
Apache
41View entire presentation