Benefits

Leading companies provide an outstanding total rewards package for employees, and Apache is no exception.

To attract, reward, and retain top performers, Apache provides a challenging and rewarding work environment, supported by a total compensation program that includes competitive base salaries and benefits along with performance-driven incentives.

The summaries below are only a brief outline of the current programs available to U.S. employees. Compensation and benefit plans outside the U.S. may differ according to local customs and competitive practices.

Compensation 

Apache believes in paying for performance, and this philosophy is embodied in our competitive base salaries and generous incentive plans. Growth in base pay will reflect the individual’s performance and growth in their contribution to the success of the company. In addition, variable incentives are offered to reward both individual and corporate achievement.

Equity in Apache

Because employees drive the success of the company, Apache believes they should share in that success, and is an industry-leader in extending equity awards to all regular, full-time employees. Equity is typically awarded annually, with the amount of the award determined by level in the company and performance.

Retirement savings plans

Apache's retirement and 401(k) savings plans (defined contribution plans) provide income for your retirement and give you the opportunity to save regularly and build long-term financial security. Apache will contribute 6 percent of your annual salary, overtime and annual bonus to your retirement plan each year, and the company will match your contributions to your 401(k) dollar for dollar up to a maximum of 8 percent of annual earnings.

Health care

Medical coverage — Apache provides multiple medical solutions for employees. Employees have the choice of four different coverage options:

  • Apache Saver Plan — high deductible plan with a health savings account option
  • Apache Basic Plan — traditional PPO with higher deductible and out-of-pocket maximums
  • Apache Gold Plan — traditional PPO plan
  • Apache Frontier Plan — out of network plan

Prescription drug coverage — By participating in any of Apache's medical plans, you also receive the retail and mail-order prescription drugs benefits.

Dental coverage — A traditional dental plan is offered.  You may select the dentist of your choice.

Vision coverage — Apache provides a managed care vision plan that offers in-network and out-of-network benefits. All employees receive one, free eye exam per year.

Flexible spending accounts — Apache offers both health care and dependent care flexible spending accounts that allow employees to set aside pre-tax dollars each year for health care and dependent care needs. Pre-tax limits are set by the IRS.

Heath savings account — Apache offers an HSA in conjunction with the Apache Saver Plan to help cover qualified medical expenses.

Retiree medical — A retiree medical plan is available for Apache’s early retirees and their eligible dependents. Initial eligibility commences at age 55 for employees with at least five years of continuous service. Eligibility ends at age 65, or the Medicare eligibility date, if later.

Insurance

Life insurance — Basic life insurance of two times annual base salary is provided at no cost to the employee. Supplemental life insurance can be purchased for employees, their spouse and their children.

Basic accidental death and dismemberment insurance equal to two times annual base salary is provided at no cost to the employees. Voluntary accidental death and dismemberment insurance also is available for employees and their dependents.

Disability — The short-term disability plan pays a percentage, up to 100%, of an employee’s base salary for up to 180 days for absent from work due to an illness or injury. The long-term disability plan provides up to 60 percent of regular base salary for employees disabled beyond the short-term disability coverage period.

Long-term care insurance — Apache provides long-term care insurance for employees and their families. Care could be provided in the employee's home or in an assisted living or residential care facility. 

Other benefits

  • Education assistance program
  • Employee assistance program
  • Employee referral program
  • Matching gift program
  • Travel assistance

Alternative work schedule — A compressed work week is available at several of our locations:

  • Monday through Thursday — 7:30am – 5:30pm
  • Friday — 7:30am – 11:30am

Flextime is available to accommodate child care, educational or medical needs whenever possible. The extent of the flextime offering may vary from group to group, depending on operating needs.

Time off — All employees receive at least three weeks of annual vacation Apache provides 56 hours of paid sick leave, 3 floating holidays and 7 company holidays.

Note: The benefits described here apply only to eligible employees and are governed by official plan documents. The provisions of the benefit plans, policies and programs may change from time to time.

As an equal opportunity employer, Apache Corporation is committed to a diverse workforce.  In order to ensure reasonable accommodation for individuals protected by Section 503 of the Rehabilitation Act of 1973, the Vietnam Veterans’ Readjustment Act of 1974, and Title I of the Americans with Disabilities Act of 1990, applicants that require accommodations in the job application process may contact +1 713 296 6000 for assistance.

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