<SEC-DOCUMENT>0001172661-25-001161.txt : 20250214
<SEC-HEADER>0001172661-25-001161.hdr.sgml : 20250214
<ACCEPTANCE-DATETIME>20250214161430
ACCESSION NUMBER:		0001172661-25-001161
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250214
DATE AS OF CHANGE:		20250214

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			APA Corp
		CENTRAL INDEX KEY:			0001841666
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				861430562
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-92463
		FILM NUMBER:		25628876

	BUSINESS ADDRESS:	
		STREET 1:		2000 W SAM HOUSTON PKWY S
		STREET 2:		SUITE 200
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77042
		BUSINESS PHONE:		713.296.6000

	MAIL ADDRESS:	
		STREET 1:		2000 W SAM HOUSTON PKWY S
		STREET 2:		SUITE 200
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77042

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC
		CENTRAL INDEX KEY:			0001164833
		ORGANIZATION NAME:           	
		IRS NUMBER:				954871957

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		601 SOUTH FIGUEROA ST 39TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90017
		BUSINESS PHONE:		2134301000

	MAIL ADDRESS:	
		STREET 1:		601 SOUTH FIGUEROA ST 39TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90017
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <previousAccessionNumber>0001172661-24-000828</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC -->
          <cik>0001164833</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>2</amendmentNo>
      <securitiesClassTitle>Common Stock, $0.625 par value</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>12/31/2024</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001841666</issuerCik>
        <issuerName>APA CORPORATION</issuerName>
        <issuerCusip>03743Q108</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>2000 W. Sam Houston Pkwy. S.</com:street1>
          <com:street2>Suite 200</com:street2>
          <com:city>Houston</com:city>
          <com:stateOrCountry>TX</com:stateOrCountry>
          <com:zipCode>77042-3643</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Hotchkis and Wiley Capital Management, LLC</reportingPersonName>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>33239172.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>35409788.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>35409788.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>9.6</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>Vanguard Windsor II Fund</reportingPersonName>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>18764967.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>18764967.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>18764967.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>5.1</classPercent>
      <typeOfReportingPerson>IV</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>APA CORPORATION</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>2000 W. Sam Houston Pkwy. S., Suite 200, Houston, Texas 77042-3643</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Hotchkis and Wiley Capital Management, LLC

Vanguard Windsor II Fund</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>Hotchkis and Wiley Capital Management, LLC
601 S. Figueroa Street, 39th Floor
Los Angeles, CA 90017

Vanguard Windsor II Fund
Post Office Box 2600
Valley Forge, PA 19482</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Hotchkis and Wiley Capital Management, LLC: Delaware Vanguard Windsor II Fund: Delaware</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
        <typeOfPersonFiling>IV</typeOfPersonFiling>
        <typeOfPersonFiling>IA</typeOfPersonFiling>
      </item3>
      <item4>
        <amountBeneficiallyOwned>Hotchkis and Wiley Capital Management, LLC - 35,409,788;

Vanguard Windsor II Fund - 18,764,967</amountBeneficiallyOwned>
        <classPercent>Hotchkis and Wiley Capital Management, LLC - 9.6%

Vanguard Windsor II Fund - 5.1</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>Hotchkis and Wiley Capital Management, LLC - 33,239,172

Vanguard Windsor II Fund - 18,764,967</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>Hotchkis and Wiley Capital Management, LLC - 35,409,788

Vanguard Windsor II Fund - 18,764,967</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>0

The shares of the Issuer's Common Stock (the "Common Shares") are owned by certain investment vehicles and/or accounts managed or sub-advised by Hotchkis and Wiley Capital Management, LLC ("HWCM"), including Vanguard Windsor II Fund.  Certain HWCM clients have retained the power to vote the Common Shares that they directly own.  Accordingly, HWCM has the power to dispose of more Common Shares than it can vote. HWCM disclaims beneficial ownership of the reported shares, except to the extent of its pecuniary interest in such shares, if any.

Percentage based on 369,947,453 shares of Common Stock outstanding as of October 31, 2024, as reported by the Issuer in the Form 10-Q.</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>N</notApplicableFlag>
        <ownershipMoreThan5PercentOnBehalfOfAnotherPerson>See the response to Item 4.</ownershipMoreThan5PercentOnBehalfOfAnotherPerson>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
      </item10>
    </items>
    <exhibitInfo>Exhibit I

JOINT FILING STATEMENT

PURSUANT TO RULE 13d-1(k)

The undersigned acknowledge and agree that the foregoing statement on SCHEDULE 13G/A, is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on SCHEDULE 13G/A, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.

Date: February 14, 2025

Hotchkis and Wiley Capital Management, LLC

By: /s/ Tina Kodama
Name: Tina Kodama
Title: Chief Compliance Officer

Vanguard Windsor II Fund

By: Hotchkis &amp; Wiley Capital Management, LLC (Sub-Advisor)
Its: Authorized Person of Sub-Advisor

By: /s/ Tina Kodama
Name: Tina Kodama
Title: Chief Compliance Officer</exhibitInfo>
    <signatureInformation>
      <reportingPersonName>Hotchkis and Wiley Capital Management, LLC</reportingPersonName>
      <signatureDetails>
        <signature>Tina H. Kodama</signature>
        <title>Tina H. Kodama | Chief Compliance Officer</title>
        <date>02/14/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Vanguard Windsor II Fund</reportingPersonName>
      <signatureDetails>
        <signature>Tina H. Kodama</signature>
        <title>Tina H. Kodama | Chief Compliance Officer of Hotchkis and Wiley Capital Management, LLC</title>
        <date>02/14/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureComments>Hotchkis &amp; Wiley Capital Management, LLC (H&amp;W) is Sub-Advisor to the Vanguard Windsor II Fund.  Tina H. Kodama, Chief Compliance Officer of H&amp;W, is an Authorized Person of the Sub-Advisor.</signatureComments>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
