Investor Presentaiton

APACHE INCENTIVE COMPENSATION STRUCTURE Short and Long-Term Compensation Aligned for Returns-Focused Outcomes Annual Incentive 2018 Plan Long-Term Incentive (1) Performance Shares Drilling Rate of Return Health, Safety, Security and Environmental Economic Reserve Replacement Operational Goals Strategic Goals 40% 40% Lease Operating Expense and G&A expense Production CROIC 20% Added Cash Return on Invested Capital Metric in 2018 (1) Long-term compensation plan also includes restricted stock units and stock options. Performance is evaluated over a three-year period. Apache Reserve Adds / Debt Adj Share 25% Total Shareholder Return 50% Cash Flow from Operations 25% 50% Absolute Performance Targets Reset Annually 50% Relative Performance 40 40

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