"Given the strong cash-flow generating capacity of Apache's portfolio and its solid financial position, Apache's Board of Directors decided to increase the dividend again this year. Our balanced mix of oil and gas properties and opportunities, both near- and long-term, provides confidence in Apache's future and the ability to execute our growth plans," said
The dividend on common shares is payable on
The company also announced the regular cash dividend on the 6% Mandatory Convertible Preferred Stock, Series D. The dividend on the Series D preferred stock is payable
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 2011 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.
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