Apache Declares Cash Dividends on Common and Preferred Shares

HOUSTON, Sept. 24 /PRNewswire-FirstCall/ -- The Board of Directors of Apache Corporation (NYSE, Nasdaq: APA) has declared regular cash dividends on the company's common shares and 6% Mandatory Convertible Preferred Stock, Series D.

The dividend on the common shares is payable on Nov. 22, 2010, to stockholders of record on Oct. 22, 2010, at the rate of 15 cents per share.

The dividend on the Series D preferred stock is payable Nov. 1, 2010, to holders of record on Oct. 15, 2010, for the dividend period from July 28, 2010, through Oct. 31, 2010. The payment will be $15.50 per share, which is equivalent to 77.5 cents per depository share, each representing 1/20th of a share of Series D preferred stock.  The depositary shares are traded on the New York Stock Exchange under the ticker APA/PD.

Apache Corporation is an oil and gas exploration and production company with operations in the United States, Canada, Egypt, the United Kingdom North Sea, Australia and Argentina. Apache posts announcements, updates and investor information, in addition to copies of all recent press releases, on its website, www.apachecorp.com.


SOURCE Apache Corporation

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