Apache Declares Cash Dividend

The Board of Directors of Apache Corporation has declared regular cash dividends on the company's common shares and Series B Cumulative Preferred Stock.

The dividend on the common shares is payable on Feb. 22, 2006, to stockholders of record on Jan. 23, 2006, at the rate of 10 cents per share.

The dividend on the Series B preferred stock is payable Jan. 30, 2006, to holders of record on Jan. 15, 2006. The payment will be $14.20 per share, which is equivalent to $1.42 per depository share, each representing 1/10th of a share of Series B preferred stock. The Series B preferred is not currently listed on any exchange.