8-K

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT



                         Pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934



       Date of Report (Date of earliest event reported): October 25, 2002
                                                        ------------------



                          The Williams Companies, Inc.
                          ----------------------------
             (Exact name of registrant as specified in its charter)



        Delaware                    1-4174               73-0569878
        --------                ---------------     -------------------
      (State or other             (Commission         (I.R.S. Employer
      jurisdiction of            File Number)        Identification No.)
      incorporation)



     One Williams Center, Tulsa, Oklahoma                 74172
     ------------------------------------                 ------
   (Address of principal executive offices)             (Zip Code)



        Registrant's telephone number, including area code: 918/573-2000
                                                            ------------



                                 Not Applicable
                                 --------------
          (Former name or former address, if changed since last report)





Item 9.  Regulation FD Disclosure.

           The Williams Companies, Inc. ("Williams") wishes to disclose for
Regulation FD purposes its press release dated October 25, 2002, filed herewith
as Exhibit 99.

           Pursuant to the requirements of the Securities Exchange Act of 1934,
Williams has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                     THE WILLIAMS COMPANIES, INC.


Date: October 25, 2002               /s/ Suzanne H. Costin
                                     --------------------------------------
                                     Name:  Suzanne H. Costin
                                     Title: Corporate Secretary







                                INDEX TO EXHIBITS



EXHIBIT
NUMBER            DESCRIPTION
- -------           -----------
               
99                Copy of Williams' press release dated October 25, 2002.

EX-99

                                                                      EXHIBIT 99

(Oct. 25, 2002) Williams Discloses Natural Gas Trade Reporting Inaccuracies

TULSA, Okla. - Williams (NYSE:WMB) today said it has learned that a few traders
in its natural gas trading business provided inaccurate information regarding
natural gas trades to an energy industry publication that compiles and reports
index prices.

The inaccuracies came to light during Williams' independent, internal review of
its trading activities. That review is now being conducted in conjunction with
the Commodity Futures Trading Commission's ongoing industry-wide investigation.

Williams is continuing its internal review to determine the extent of the
inaccurate reporting and the impact of the activity on the price index. Further
investigation will provide the company with the information it needs to
determine appropriate disciplinary action.

The company no longer provides data about its natural gas trades to industry
publications as a result of significantly reduced activity in its marketing and
risk management business. Individuals in this portion of Williams' business were
among many energy industry participants who routinely provided data about trades
to publications.

Williams has informed the CFTC and other governmental authorities about its
investigation and will continue to cooperate fully with those entities'
inquiries and investigations.

ABOUT WILLIAMS (NYSE: WMB)

Williams moves, manages and markets a variety of energy products, including
natural gas, liquid hydrocarbons, petroleum and electricity. Based in Tulsa,
Okla., Williams' operations span the energy value chain from wellhead to burner
tip. Company information is available at www.williams.com
.

END

Portions of this document may constitute "forward-looking statements" as defined
by federal law. Although the company believes any such statements are based on
reasonable assumptions, there is no assurance that actual outcomes will not be
materially different. Any such statements are made in reliance on the "safe
harbor" protections provided under the Private Securities Reform Act of 1995.
Additional information about issues that could lead to material changes in
performance is contained in the company's annual reports filed with the
Securities and Exchange Commission.