Apache Corporation Announces Exclusive Listing on Nasdaq
May 27 2020 - 4:45PM
Apache Corporation (NYSE, Nasdaq: APA) today announced it has
elected to list its common stock solely on the Nasdaq Stock Market
beginning June 9, 2020. The company will discontinue listing its
common stock on the New York Stock Exchange and the Chicago Stock
Exchange after the market closes on June 8, 2020. Additionally, the
company will discontinue listing its 7.75% notes due 2029 from the
New York Stock Exchange on the same date, and such notes will no
longer be listed on any national securities exchange.
“We’re pleased to continue our relationship with Nasdaq through
this exclusive listing. Apache has been listed on Nasdaq since
2004, and our shareholders have benefited from efficient, orderly
trades on its electronic platform,” said John J. Christmann IV,
Apache’s chief executive officer and president. “This decision is
part of our ongoing initiatives to simplify processes and increase
efficiency; Nasdaq provides premium services that allow us to reach
investors in a cost-effective manner.”
“As a leading exploration and production company, Apache
contributes to global progress by helping meet the world's energy
needs. We are proud to be Apache’s primary listing exchange and
continue to provide the company with advisory tools, market
analytics and access to enhanced liquidity supported through our
superior market model,” said Nelson Griggs, president of the Nasdaq
Stock Exchange.
About Apache
Apache Corporation is an oil and gas exploration and production
company with operations in the United States, Egypt and the United
Kingdom and exploration activities offshore Suriname. Apache posts
announcements, operational updates, investor information and all
press releases on its website, www.apachecorp.com.
Forward-looking Statements
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Forward-looking
statements can be identified by words such as “anticipates,”
“intends,” “plans,” “seeks,” “believes,” “continues,” “could,”
“estimates,” “expects,” “guidance,” “may,” “might,” “outlook,”
“possibly,” “potential,” “projects,” “should,” “will,” “would,” and
similar references to future periods, but the absence of these
words does not mean that a statement is not forward-looking. These
statements include, but are not limited to, statements about future
plans, expectations, and objectives for Apache’s operations,
including statements about our capital plans, drilling plans,
production expectations, asset sales, and monetizations. While
forward-looking statements are based on assumptions and analyses
made by us that we believe to be reasonable under the
circumstances, whether actual results and developments will meet
our expectations and predictions depend on a number of risks and
uncertainties which could cause our actual results, performance,
and financial condition to differ materially from our expectations.
See “Risk Factors” in our 2019 Form 10-K and in our quarterly
reports on Form 10-Q filed with the Securities and Exchange
Commission for a discussion of risk factors that affect our
business. Any forward-looking statement made by Apache in this news
release speaks only as of the date on which it is made. Factors or
events that could cause our actual results to differ may emerge
from time to time, and it is not possible for us to predict all of
them. Apache undertakes no obligation to publicly update any
forward-looking statement, whether as a result of new information,
future development or otherwise, except as may be required by
law.
Contacts
Investors:Gary Clark(281) 302-2286
Media:Phil West(713) 296-7276
Website: www.apachecorp.com
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