Apache Corp. 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 February 22, 2008, to stockholders of record on January 22, 2008, at the rate of fifteen cents per share.

The dividend on the firm's series B preferred stock is payable January 31, 2008, to holders of record on January 15, 2008. 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 company's series B preferred is not currently listed on any exchange.

Houston-based Apache 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.