Apa
Q4 2022 Earnings Call
Feb 23, 2023, 11:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Thank you for standing by. Welcome to APA Corporation's fourth-quarter 2022 results conference call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session.
[Operator instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Gary Clark, vice president of investor relations. Please go ahead.
Gary Clark -- Vice President, Investor Relations
Good morning, and thank you for joining us on APA Corporation's fourth quarter and full-year 2022 financial and operational results conference call. We will begin the call with an overview by CEO and President John Christmann. Steve Riney, executive vice president and CFO, will then provide further color on our results and outlook. Also on the call and available to answer questions are Dave Pursell, executive vice president of development, Tracey Henderson, executive vice president of exploration; and Clay Bretches, executive vice president of operations.
Our prepared remarks will be approximately 15 minutes in length with the remainder of the hour allotted for Q&A. In conjunction with yesterday's press release, I hope you have had the opportunity to review our fourth quarter and full-year 2022 financial and operational supplement, which can be found on our investor relations website at investor.apacorp.com. Please note that we may discuss certain non-GAAP financial measures. A reconciliation of the differences between these non-GAAP financial measures and the most directly comparable GAAP financial measures, can be found in the supplemental information provided on our website.
Consistent with the previous reporting practices, adjusted production numbers cited in today's call are adjusted to exclude noncontrolling interest in Egypt and Egypt tax barrels. I'd like to remind everyone that today's discussion will contain forward-looking estimates and assumptions based on our current views and reasonable expectations. However, a number of factors could cause actual results to differ materially from what we discuss today. A full disclaimer is located with the supplemental information on our website.
And with that, I will turn the call over to John.
John Christmann -- President and Chief Executive Officer
Good morning, and thank you for joining us. On the call today, I will review our key accomplishments in 2022, comment on fourth-quarter performance, and provide an overview of our 2023 plans and objectives. Ahead of the pandemic, in 2019, we established a pragmatic long-term plan for our business that emphasized returns-focused investment, strengthening the balance sheet, right-sizing the organization and activity levels to deliver moderate sustainable production growth, conservative budgeting, and the selective pursuit of differentiated opportunities for value creation, most notably, exploration. The world oil demand and commodity price dislocations that followed in 2020 and 2021 required some difficult and necessary actions to preserve our business.