Analysis of Revenues
Revenues as Reported
Apache Corp., income statement, revenues
US$ in millions
| 12 months ended: | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Oil and gas production revenues | 6,383) | 13,749) | 16,402) | 16,947) | 16,810) |
Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).
Oil and gas production revenues exhibited a period of relative stability from 2011 through 2013, followed by a significant and accelerating downward trend between 2014 and 2015.
- Revenue Stability (2011-2013)
- During the initial three-year period, revenues remained consistent, fluctuating minimally between 16,402 million US$ and 16,947 million US$. A slight peak was observed in 2012, followed by a marginal contraction in 2013, indicating a period of operational steadiness.
- Initial Contraction (2013-2014)
- A downward shift occurred in 2014, as revenues decreased to 13,749 million US$. This represents a decline of approximately 16.2% relative to the 2013 figures, marking the transition from stability to a negative growth trajectory.
- Accelerated Decline (2014-2015)
- The most severe reduction is observed in 2015, with revenues falling to 6,383 million US$. This constitutes a precipitous drop of approximately 53.6% within a single fiscal year, representing a substantial erosion of the revenue base compared to the 2011-2013 average.
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