Burlington Resources Confirms 2-for-1 Split of Common Stock
HOUSTON--(BUSINESS WIRE)--April 21, 2004--Burlington Resources Inc. (NYSE:BR)(TSX:B) today announced that its stockholders approved an amendment to the company's Certificate of Incorporation to increase the number of authorized shares of the company's common stock to 650 million shares from the current level of 325 million shares. Announcement of the approval was made at the company's Annual Meeting of Stockholders this morning. As a result, the 2-for-1 stock split previously approved by the Board of Directors on January 21, 2004 is payable on June 1, 2004 to shareholders of record on May 5, 2004. Burlington Resources ranks among the world's largest independent oil and gas companies, and holds one of the industry's leading positions in North American natural gas reserves and production. Headquartered in Houston, Texas, the company conducts exploration, production and development operations in the U.S., Canada, the United Kingdom, Africa, China and South America. For additional information see the Burlington Resources Web site at www.br-inc.com.
FORWARD-LOOKING STATEMENTS
This press release may contain projections and other forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Any such projections or statements reflect the company's current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that such projections will be achieved and actual results could differ materially from those projected. A discussion of important factors that could cause actual results to differ materially from those projected is included in the company's periodic reports filed with the Securities and Exchange Commission. CONTACT: Burlington Resources Inc., Houston Financial: John Carrara, 713-624-9548 or Media: James Bartlett, 713-624-9354 Web site: www.br-inc.com
|