Investor Presentaiton

APACHE'S INVESTMENT EVOLUTION ■■Permian Basin now attracting the majority of Apache's capital investment Capital as % of APA Total 100% ■Driving profitable growth for years to come ■ Permian program balanced between Alpine High and Midland/other Delaware Apache 80% Other Other Int'l 60% 40% Int'l 20% Permian Increase from 11% to 69% Permian Permian 0% 2011 2017 Adjusted Production Mix Other Int'l 41% 14% Permian Permian 45% 13% Int'l Other 41% 46% 2011 2017 4

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