In its annual CEO Survey, PricewaterhouseCoopers LLP (PwC) interviewed top U.S. CEOs to learn what business leaders think about today’s issues and their expectations for 2016. PwC found that Apache isn’t the only company facing a difficult year. The overarching theme of the CEOs surveyed was that they “believe growth will flow to companies that are both better at reading the dangers and faster in responding to the opportunities.”
PwC appropriately themed its interview with Apache CEO and President John Christmann Adapting to the new energy environment. “We’re in an environment where I think oil prices will be lower for longer, Christmann said. “I try to control what we can control. That’s why we’ve been focused on our cost structure at three levels – our capital cost to drill new wells, our lease operating expenses, and then our G&A.”
Christmann discussed how Apache is improving efficiencies, developing young leaders and using technology to help analyze data. When asked for three phrases to describe Apache today, he answered, “aggressive, sense of urgency and cost conscious.” The top three phrases Christmann hoped would describe Apache in the future: elite, highly efficient and industry leading.
To see Christmann’s in-depth interview with PwC visit http://www.pwc.com/us/en/ceo-survey/ceo-interviews/john-christmann-apache-corp.html.