Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Apache Corporation ("Apache") announced that G. Steven Farris, chairman and chief executive officer, Roger B. Plank, president, John A. Crum, co-chief operating officer and president - North America, and Rodney J. Eichler, co-chief operating officer and president - International, have voluntarily and temporarily reduced their annual base salaries by ten percent, resulting in salary reductions from $1,500,000 to $1,350,000 on an annual basis for Mr. Farris and from $625,000 to $562,500 on an annual basis for Messrs. Plank, Crum and Eichler. The salary reductions do not impact non-salary compensation and benefits. Messrs. Farris, Plank, Crum and Eichler indicated a desire to take this voluntary step as part of Apache's initiative to reduce expenses and preserve the company's financial flexibility during the ongoing global downturn.

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