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Operator
Good day and thank you for standing by. And welcome to the APA first-quarter 2021 earnings announcement webcast conference call. [Operator instructions] I would now like to hand the conference over to Mr. Gary Clark, vice president for investor relations.
Sir, please go ahead.
Vice President, Investor Relations
Good morning and thank you for joining us on APA Corporation s first-quarter 2021 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 2021 outlook. Clay Bretches, executive vice president of operations; and Dave Pursell, executive vice president, development, will also be available on the call to answer questions.
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Apache Corporation and APA Corporation Announce Completion of New Holding Company Structure
March 01, 2021 16:50 ET | Source: Apache Corporation Apache Corporation Houston, Texas, UNITED STATES
HOUSTON, March 01, 2021 (GLOBE NEWSWIRE) Apache Corporation (Apache) and APA Corporation (Nasdaq: APA) (APA or the Company) today announced completion of the previously announced holding company structure, making APA the parent holding company of Apache. APA replaces Apache as the public company trading on the Nasdaq stock market under the ticker symbol “APA.”
Each share of Apache common stock outstanding immediately prior to the reorganization has automatically converted, on a one-for-one basis, into a share of common stock of APA, having the same designation, rights, powers, and preferences and qualifications, limitations, and restrictions as a share of Apache common stock immediately prior to the reorganization. Accordingly, Apa