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Resource Extraction Payment Report
Government-level disclosure
All payments are made out of APA Corporation's three operating segments: the U.S., Egypt, and offshore the U.K. in the North Sea.
The table below sets forth our payments made to governments for the fiscal year ended December 31, 2023, by country and type of payment.
For the Year Ended December 31, 2023
Government Entity
Subnational Jurisdiction(2)
TaxesRoyaltiesFeesProduction Entitlements BonusesTotal
(U.S. $ in thousands)(1)
United States
Bureau of Safety & Environmental Enforcement
Offshore – Gulf of Mexico – Texas
$— $— $182 $— $— $182 
Office of Natural Resources RevenueOffshore – Gulf of Mexico – Texas— 5,690 — — 5,691 
Office of Natural Resources Revenue
Onshore – New Mexico
— 40,861 12 — — 40,873 
United Kingdom
HM Revenue & Customs (HMRC)
Offshore – North Sea – Great Britain
435,840 — — — — 435,840 
Aberdeen City Council Business RateOffshore – North Sea – Great Britain— — 1,103 — — 1,103 
Department For Business, Energy, & Industrial Strategy
Offshore – North Sea – Great Britain— — 344 — — 344 
Egypt
Egyptian General Petroleum Corporation
Onshore – Egypt – Western Desert
— — 8,800 465,284 10,000 484,084 
Egyptian Tax Authority
Onshore – Egypt – Western Desert843,606 — — — — 843,606 
$1,279,446 $46,551 $10,442 $465,284 $10,000 $1,811,723 
(1) All payments are reported in U.S. dollars. Payments made in currencies other than in U.S. dollars have been converted to U.S. dollars using the exchange rate existing at the time the payment was made.
(2) Projects are disclosed by subnational political jurisdiction as all payments have the same type of resource (oil/natural gas) and extraction method (well).