HOUSTON, Feb. 6, 2014 /PRNewswire/ -- The Board of
Directors of Apache Corporation (NYSE, Nasdaq: APA) today announced
that it has raised the regular quarterly cash dividend on the
company's common shares to 25 cents
per share, an increase of 25 percent.
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The latest increase follows an 18-percent increase in the
quarterly dividend approved in 2013 and a 13-percent increase
approved in 2012.
"Apache's portfolio has been rebalanced to emphasize predictable
and profitable growth, particularly from our oil- and liquids-rich
onshore North American assets," said G.
Steven Farris, chairman of the board and chief executive
officer. "The board significantly increased the dividend again this
year because it has confidence in Apache's ability to execute our
future growth plans."
The dividend on common shares is payable on May 22, 2014, to stockholders of record on
April 22, 2014. Apache has paid a
common dividend to stockholders since 1965.
About Apache
Apache Corporation is an oil and gas
exploration and production company with operations in the United States, Canada, Egypt, the United
Kingdom, Australia and
Argentina. Apache posts
announcements, updates, investor information and all recent press
releases on its website, www.apachecorp.com.
Forward Looking Statements
This news release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Forward-looking statements can be identified by words
such as "anticipates," "intends," "plans," "seeks," "believes,"
"estimates," "expects," and similar references to future periods.
Any matters that are not historical facts are forward-looking and,
accordingly, involve estimates, assumptions, risks and
uncertainties. These risks include, but are not limited to the
volatility of oil and natural gas prices, uncertainties inherent in
estimating oil and natural gas reserves, drilling risks, and other
risks, uncertainties and factors discussed in Apache's 2012 Form
10-K, on our Web site and in our other public filings and press
releases. There is no assurance that Apache's expectations will be
realized, and actual results may differ materially from those
expressed in the forward-looking statements. Unless legally
required, Apache assumes no duty to update these statements as of
any future date.
APA-F
SOURCE Apache Corporation