HOUSTON, Feb. 1 /PRNewswire/ -- The Board of Directors of Anadarko
Petroleum Corporation (NYSE: APC) today declared quarterly dividends on two
classes of the company's stock.
A dividend of 5 cents per share was declared on the company's outstanding
common stock, payable on March 28, 2001, to stockholders of record at the
close of business on March 14, 2001.
A 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 March 31, 2001, to stockholders of record at the close of
business on March 15, 2001.
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.
Anadarko Petroleum Corporation
5.46% Series B
Common Stock Cumulative Preferred Stock
Record Date: March 14, 2001 March 15, 2001
Payment Date: March 28, 2001 March 31, 2001
Amount: 5 cents per share $13.65 per share
(equivalent to $1.365 per
Depositary Share)
Houston-based Anadarko Petroleum Corporation is the world's largest
independent E&P companies, with proved reserves totaling 2.06 billion barrels
equivalent. Domestically, it has operations in Texas, Louisiana, the
Mid-Continent and Rocky Mountain regions, Alaska and in the shallow and deep
waters of the Gulf of Mexico. Anadarko is currently the most active driller
in North America. Internationally, it is active in Canada, Algeria, Tunisia,
West Africa, Guatemala, Venezuela, Brazil, Georgia, the North Atlantic and
Australia.
SOURCE Anadarko Petroleum Corporation
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CONTACT:
media, Teresa Wong, 281-873-1203, or Anne
Pearson, 281-876-8368, or investors, Paul Taylor, 281-874-3471,
or David Larson, 281-874-3265, all of Anadarko Petroleum
Corporation
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