Apache Declares Cash Dividends on Common and Preferred Shares, Sets Date for Annual Meeting

HOUSTON, Dec. 18 /PRNewswire-FirstCall/ -- The Board of Directors of Apache Corporation (NYSE:APA) has declared regular cash dividends on the company's common shares and Series B Cumulative Preferred Stock.

The dividend on the common shares is payable on Feb. 22, 2008, to stockholders of record on Jan. 22, 2008, at the rate of 15 cents per share.

The dividend on the Series B preferred stock is payable Jan. 31, 2008, to holders of record on Jan. 15, 2008. The payment will be $14.20 per share, which is equivalent to $1.42 per depository share, each representing 1/10th of a share of Series B preferred stock. The Series B preferred is not currently listed on any exchange.

Apache's annual meeting will be held at 10 a.m. Central Time on Thursday, May 8, 2008, at the Hilton Houston Post Oak Hotel, 2001 Post Oak Blvd., Houston, Texas. Shareholders of record at the close of business on Wednesday, March 19, 2008, are entitled to receive notice of the meeting and to vote the shares of Apache common stock they held as of that date.

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.

APA-F

Source: Apache Corporation

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