Apache Declares Cash Dividends on Common and Preferred Shares, Sets Date for 2011 Annual Meeting

HOUSTON, Nov. 22, 2010 /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 Feb. 22, 2011, to stockholders of record on Jan. 21, 2011, at the rate of 15 cents per share.

The dividend on the Series D preferred stock is payable Feb. 1, 2011, to holders of record on Jan. 15, 2011, at the rate of $15 per share, which is equivalent to 75 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's annual meeting will be held at 10 a.m. Central Time on Thursday, May 5, 2011, at the Hilton Houston Post Oak Hotel, 2001 Post Oak Blvd., Houston, Texas.  Shareholders of record at the close of business on March 7, 2011, 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. Apache posts announcements, updates, investor information and all recent press releases, on its website, www.apachecorp.com.

APA-F

SOURCE Apache Corporation

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