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UNION TEXAS PETROLEUM DECLARES COMMON STOCK DIVIDEND

 UNION TEXAS PETROLEUM DECLARES COMMON STOCK DIVIDEND
 HOUSTON, July 2 /PRNewswire/ -- Union Texas Petroleum Holdings, Inc.


(NYSE: UTH) has announced that a regular quarterly dividend of five cents per share has been declared on the company's outstanding common stock. The dividend is payable on Aug. 17, 1992, to stockholders of record at the close of business on July 31, 1992.
 One of the nation's largest independent producers, Houston-based Union Texas Petroleum Holdings, Inc. explores for and produces oil and gas overseas primarily in the U.K. North Sea, Indonesia and other strategic international areas. The company also has petrochemicals interests in the United States.
 Company: Union Texas Petroleum Holdings, Inc. (NYSE: UTH)
 Record Date: July 31, 1992
 Payment Date: Aug. 17, 1992
 Amount: $0.05 per common share
 -0- 7/2/92
 /CONTACT: Carol L. Cox of Union Texas Petroleum, 713-968-3258/
 (UTH) CO: Union Texas Petroleum Holdings, Inc. ST: Texas IN: OIL SU: OFR


SH -- NY053 -- 6252 07/02/92 14:48 EDT
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Publication:PR Newswire
Date:Jul 2, 1992
Words:163
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