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Apache Declares Cash Dividends on Common and Preferred Shares

22.02.2011  |  PR Newswire

HOUSTON, Feb. 22, 2011 /PRNewswire/ -- The Board of Directors of Apache Corporation

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 May 23, 2011, to stockholders of record on April 22, 2011, at the rate of 15 cents per share.

The dividend on the Series D preferred stock is payable May 2, 2011, to holders of record on April 15, 2011, at the rate of $15 per share, which is equivalent to 75 cents per depositary 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, investor information and all recent press releases, on its website, http://www.apachecorp.com/.

APA-F

Apache Corporation

CONTACT: Media, Bill Mintz, +1-713-296-7276, or Patrick Cassidy,

+1-713-296-6100, or Investors, Alfonso Leon, +1-713-296-6692, all of Apache

Corporation.

Web Site: http://www.apachecorp.com/