Apache Increases Common Dividend 18 Percent To 20 Cents Per Share

      Apache Increases Common Dividend 18 Percent To 20 Cents Per Share

PR Newswire

HOUSTON, Feb. 12, 2013

HOUSTON, Feb. 12, 2013 /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 20 cents per share,
an increase of 18 percent.

"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 G. Steven Farris,
Apache's chairman and chief executive officer.

The dividend on common shares is payable on May 22, 2013, to stockholders of
record on April 22, 2013. Apache has paid a common dividend to stockholders
since 1965.

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 May 1, 2013, to holders of record on April 15, 2013, at the
rate of $15 per share, which is equivalent to 75 cents per depositary share,
each representing 1/20th of a share of Series D preferred stock. The
depositary shares are traded on the New York Stock Exchange under the ticker

About Apache
Apache Corporation is an oil and gas exploration and production company with
operations in the United States, Canada, Egypt, the United Kingdom North Sea,
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 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.


SOURCE Apache Corporation

Website: http://www.apachecorp.com
Contact: For Media, Patrick Cassidy, +1-713-296-6100; Bill Mintz,
+1-713-296-7276; John Roper, +1-281-302-2646, Bob Dye, +1-713-296-6662; For
Investors, Brady Parish, Castlen Kennedy, Christopher Cortez, Alicia Reis,
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