Anadarko Declares Dividends

The Board of Directors of Anadarko Petroleum Corporation 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 March 26, 2008, to stockholders of record at the close of business on March 12, 2008. Also, a standard dividend of $13.65 per share (equivalent to $1.365 per depositary share) was declared on the company's 5.46 percent Series B Cumulative Preferred Stock, payable on March 31, 2008, to stockholders of record at the close of business on March 14, 2008.

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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