Seeking Alpha

Apache boosts share buyback program by one third

  • Apache (APA -0.8%) will increase its share buyback program to 40M shares from 30M, CEO Steve Farris tells investors at the company's annual meeting.
  • The move is part of APA's overall effort to improve shareholder returns, which includes a focus on drilling more higher margin, less risky wells in shale basins.
  • Also, 96% of shareholders vote in favor of APA's executive compensation, a major departure from last year when half voted against it.
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Comments (1)
  • wapiti
    , contributor
    Comments (711) | Send Message
     
    Shareholders are OK b/c Farris pulled a jerry McGuire and "SHOWED THEM THE $$$$!
    15 May 2014, 03:44 PM Reply Like
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