Investor Presentaiton

APACHE'S STRATEGIC APPROACH: 2018-2020 Financial Discipline Portfolio Returns Focus Apache Maintain strong balance sheet; protect capital program Target living within cash flow Relentless cost focus Expand and high-grade Permian inventory Sustain International free cash flow generation Strategic transaction for Alpine High midstream Long-term, corporate-level returns Growth as an outcome of returns-focused investment Technology and big data focus to improve capital efficiency 22 22

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