Capital Expenditures for APA (APA)
According to APA's latest reported financial statements, the company's current capital expenditures (TTM) is $2.77B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .

APA
Currently viewingCapital ExpendituresSwitch metric
Latest period
$2.77B
YoY change
-3.0%
5Y CAGR
+16.8%
Peak year (2014)
$10.96B
Cumulative capital expenditures
$106.28B
CapEx history chart for APA (APA) from 1989 to 2025
CapEx history table for APA (APA) from 1989 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $2.77B | -3.0% | ||
| 2024 | $2.85B | +21.0% | ||
| 2023 | $2.36B | -1.7% | ||
| 2022 | $2.40B | +116.0% | ||
| 2021 | $1.11B | -12.9% | ||
| 2020 | $1.27B | -57.0% | ||
| 2019 | $2.96B | -24.2% | ||
| 2018 | $3.90B | +41.4% | ||
| 2017 | $2.76B | +41.6% | ||
| 2016 | $1.95B | -59.5% | ||
| 2015 | $4.81B | -56.1% | ||
| 2014 | $10.96B | +14.7% | ||
| 2013 | $9.56B | +1.0% | ||
| 2012 | $9.46B | +33.7% | ||
| 2011 | $7.08B | +43.8% | ||
| 2010 | $4.92B | +35.6% | ||
| 2009 | $3.63B | -39.2% | ||
| 2008 | $5.97B | +24.4% | ||
| 2007 | $4.80B | +16.0% | ||
| 2006 | $4.14B | +11.4% | ||
| 2005 | $3.72B | +51.3% | ||
| 2004 | $2.46B | +54.0% | ||
| 2003 | $1.59B | +53.7% | ||
| 2002 | $1.04B | -32.0% | ||
| 2001 | $1.52B | +50.9% | ||
| 2000 | $1.01B | +70.9% | ||
| 1999 | $591.32M | -15.5% | ||
| 1998 | $699.50M | -4.4% | ||
| 1997 | $731.90M | +14.0% | ||
| 1996 | $642.10M | -44.1% | ||
| 1995 | $1.15B | +538.7% | ||
| 1994 | $180.00M | -59.1% | ||
| 1993 | $439.60M | +112.3% | ||
| 1992 | $207.10M | -63.8% | ||
| 1991 | $572.10M | +1446.2% | ||
| 1990 | $37.00M | +83.2% | ||
| 1989 | $20.20M | — |
CapEx values are taken from APA's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, APA (APA) capital expenditures totalled $2.77B – edged down 3.0% year-over-year.
APA capital expenditures compound annual growth for the 2020–2025 (5 years) window is +16.8%, with the latest reading among the more recent periods of the dataset.
APA capital expenditures plunged from $10.96B in 2014 to $2.77B in 2025, a 74.8% drawdown.
2014 marks the peak capital expenditures at $10.96B, with the historical low of $20.20M recorded in 1989.
APA (APA) sits 7th of 8 Energy peers we track on this metric, against a peer median of $5.50B.
APA Capital Expenditures by Year
APA Capital Expenditures 2025: $2.77B
APA capital expenditures in 2025 was $2.77B, edged down 3.0% below 2024.
APA Capital Expenditures 2024: $2.85B
APA capital expenditures in 2024 was $2.85B, grew 21.0% from 2023.
APA Capital Expenditures 2023: $2.36B
APA capital expenditures in 2023 was $2.36B, edged down 1.7% below 2022.
APA Capital Expenditures 2022: $2.40B
APA capital expenditures in 2022 was $2.40B, surged 116.0% from 2021.
APA Capital Expenditures 2021: $1.11B
APA capital expenditures in 2021 was $1.11B.
See more financial history for APA (APA).
Sector peers — CapEx
Companies in the same sector as APA, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | $28.36B | Energy |
| Chevron Corporation (CVX) | $17.35B | Energy |
| Enbridge Inc. (ENB) | $8.97B | Energy |
| EOG Resources, Inc. (EOG) | $6.12B | Energy |
| The Williams Companies, Inc. (WMB) | $4.89B | Energy |
| ConocoPhillips (COP) | $3.02B | Energy |
| SLB N.V. (SLB) | $1.69B | Energy |
| Valero Energy Corporation (VLO) | $796.00M | Energy |
Frequently asked questions
What is APA's capital expenditures?
- Latest reported capital expenditures for APA (APA) is $2.77B (period ending December 31, 2025).
How has APA capital expenditures changed year-over-year?
- APA (APA) capital expenditures changed -3.0% year-over-year on the latest annual filing.
What is the long-term growth rate of APA capital expenditures?
- APA (APA) capital expenditures compound annual growth rate is +16.8% over the most recent 5 years available.
When did APA capital expenditures hit its highest annual value?
- APA capital expenditures reached its highest annual value of $10.96B in 2014.
What was APA capital expenditures in 2024?
- APA (APA) capital expenditures in 2024 was $2.85B.
What was APA capital expenditures in 2025?
- APA (APA) capital expenditures in 2025 was $2.77B.
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