Anadarko Declares Dividends

Anadarko Petroleum (NYSE:APC) declared quarterly cash dividends on the company's common and preferred shares.

A dividend of 9 cents per share was declared on the company's outstanding common stock, payable Dec. 26, 2007, to stockholders of record at the close of business on Dec. 12, 2007. Also, a standard dividend of $13.65 per share (equivalent to $1.365 per depositary share) was declared on the company's 5.46 % Series B Cumulative Preferred Stock, payable on Dec. 28, 2007, to stockholders of record at the close of business on Dec. 14, 2007.

The amount of future dividends for Anadarko common stock will depend on earnings, financial condition, capital requirements and other factors. The Board of Directors will determine dividends on a quarterly basis.

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