Exhibit 99.1
         
News Release
  Williams (NYSE: WMB)
One Williams Center
Tulsa, OK 74172
800-Williams
www.williams.com
  (LOGO)
DATE: Feb. 17, 2011
             
MEDIA CONTACT:
  INVESTOR CONTACTS:        
Jeff Pounds
  Travis Campbell   Sharna Reingold   David Sullivan
(918) 573-3332
  (918) 573-2944   (918) 573-2078   (918) 573-9360
Williams Reports Fourth-Quarter and Full-Year 2010 Financial Results
    Non-cash Impairment Charges During 3Q, First-quarter Restructuring Costs Drive Net Loss for 2010
 
    Higher NGL, Olefin Profits Drive 38% Increase in 2010 Adjusted Results
 
    2011-12 Guidance Increased to Reflect Updated Commodity Prices, Bakken Acquisition
 
    Williams to Initiate High-Dividend Strategy; Plans 60% Increase Starting With Quarterly Payout in June 2011, Additional 10%-15% Targeted in June 2012
                                 
    2010     2009  
Year-End Summary Financial Information   millions     per share     millions     per share  
Per share amounts are reported on a diluted basis. All amounts are attributable to The Williams Companies, Inc.
                               
Income (loss) from continuing operations
  $ (1,091 )   $ (1.87 )   $ 438     $ 0.75  
Loss from discontinued operations
    (6 )     (0.01 )     (153 )     (0.26 )
 
                       
Net income (loss)
  $ (1,097 )   $ (1.88 )   $ 285     $ 0.49  
 
                       
 
                               
 
Adjusted income from continuing operations*
  $ 760     $ 1.28     $ 552     $ 0.94  
 
                       
                                 
    4Q 2010     4Q 2009  
Quarterly Summary Financial Information   millions     per share     millions     per share  
Per share amounts are reported on a diluted basis. All amounts are attributable to The Williams Companies, Inc.
                               
Income from continuing operations
  $ 175     $ 0.29     $ 172     $ 0.29  
Loss from discontinued operations
    (1 )                  
 
                       
Net income
  $ 174     $ 0.29     $ 172     $ 0.29  
 
                       
 
                               
 
Adjusted income from continuing operations*
  $ 259     $ 0.44     $ 161     $ 0.27  
 
                       
 
*   A schedule reconciling income (loss) from continuing operations to adjusted income from continuing operations (non-GAAP measures) is available at www.williams.com and as an attachment to this press release.
TULSA, Okla. — Williams (NYSE: WMB) announced an unaudited net loss attributable to Williams, for 2010 of $1,097 million, or a loss of $1.88 per share on a diluted basis, compared with net income of $285 million, or $0.49 per share on a diluted basis for 2009.
         
Williams (NYSE: WMB)   Full-year 2010 Financial Results — Feb. 17, 2011   Page 1 of 10

 


The following information was filed by Williams Companies Inc (WMB) on Thursday, February 17, 2011 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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