APA Corporation

Halal Rating :
Questionable
Last Price $16.7
Market Cap $6.03b
1D Change

5.09 %

1 Year Change

-42.05 %

Next Earnings Date

Yet to be announced

Company Overview

APA Corporation explores for, develops, and produces oil and gas properties. It has operations in the United States, Egypt, and the United Kingdom. The company also operates gathering, processing, and transmission assets in West Texas.

Revenue Sources

Pass

After analyzing APA Corporation's revenue sources, their primary income comes from oil and gas exploration and production activities. These activities involve the extraction and sale of natural resources, which are permissible business activities from an Islamic finance perspective. The company does not derive significant revenue from prohibited sources such as alcohol, gambling, or other haram activities.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Dec. 31, 2024 $7.63b $2.82b - - 0.00% 0.00%
March 31, 2024 $1.84b $1.7b - - 0.00% 0.00%

Based on the provided financial data for the last four quarters, APA Corporation shows zero interest income and zero interest expense. However, as a publicly traded company, they likely have some form of debt financing, but the exact details are not clear from the given data. Without complete information about their interest-bearing activities, we cannot make a definitive assessment.

Operational Ethics

Pass

After reviewing available information about APA Corporation's operations and partnerships, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company's main operations are in the United States, Egypt, and the North Sea, with exploration rights in Suriname.

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