●  APA Corp · FY 2025 

Controls & Procedures

APA Corp reports that its foundational controls for financial reporting were effective as of December 31, 2025. Management affirmed the efficacy of disclosure procedures designed to ensure timely and compliant public filings. Furthermore, no material weaknesses or significant deficiencies were identified in the company’s internal control over financial reporting during the period.

APA L1 Synthesis
●  SYMBOLOGY.ONLINE l1 SYNTHESIS 

Apa Corp Controls & Procedures Synthesis

Summary of Disclosure Controls and Internal Controls Over Financial Reporting (ICFR)

Overall Assessment

APA Corp reports a strong foundational framework for its controls, concluding that both disclosure controls and procedures are effective as of December 31, 2025. The company maintains a proactive review process for its controls. However, the provided excerpt is high-level, offering no specific details regarding control design or operational effectiveness beyond the management's conclusion.

Disclosure Controls and Procedures (DCP)

Management Conclusion on Effectiveness
  • Strength: Both the Chief Executive Officer (John J. Christmann IV) and the Chief Financial Officer (Ben C. Rodgers) concluded that the Company’s disclosure controls and procedures were effective as of December 31, 2025.
  • Evidence: These controls provide "effective means to ensure that the information the Company is required to disclose under applicable laws and regulations is recorded, processed, summarized, and reported within the time periods specified in the Commission's rules and forms."
Control Review and Remediation
  • The Company conducts periodic reviews of its disclosure controls, including compliance with various domestic and international laws.
  • Noteworthy: The company maintains a commitment to continuous improvement, stating it "makes modifications to improve the design and effectiveness" and may take corrective action if deficiencies are identified during these reviews.

Internal Control Over Financial Reporting (ICFR)

Status of Controls
  • The management report on ICFR is incorporated by reference (Page F-1), and the independent auditor's attestation report is also referenced (Pages F-2 through F-5).
  • Weakness/Limitation: The excerpt does not provide direct insight into the specific design or operational effectiveness of the financial reporting controls, relying entirely on external reports.
Changes During Reporting Period
  • Strength: There was no change in the Company's internal control over financial reporting during the quarter ended December 31, 2025, that materially affected, or is reasonably likely to materially affect, the company’s ICFR.

Identified Deficiencies and New Procedures

Material Weaknesses and Significant Deficiencies
  • The provided text does not identify any material weaknesses or significant deficiencies in the Company's controls as of December 31, 2025.
Noteworthy New Controls
  • No specific new controls or procedures introduced during the reporting period were detailed in this excerpt. The company’s general policy is to make modifications and take corrective action if reviews identify weaknesses.