ConocoPhillips CEO's 2009 pay dips slightly

COLUMBUS, Ohio (AP) - The Associated Press has found that
ConocoPhillips Chairman and CEO Jim Mulva's compensation slipped
nearly 2 percent last year as the oil company struggled with weaker
demand for its refined products.
Mulva's pay totaled $14.4 million in 2009, down slightly from
$14.6 million in 2008.
The Houston company partially benefited from the rebound in oil
prices last year, but those prices coupled with drivers' reduced
demand for gasoline also hurt margins in its refining business.
The AP's executive pay calculation, based on a regulatory
filing, aims to isolate the value the company's board placed on the
CEO's total compensation package. The figure includes salary,
bonus, incentives, perks and the estimated value of stock options
and awards.

COLUMBUS, Ohio (AP) - The Associated Press has found that
ConocoPhillips Chairman and CEO Jim Mulva's compensation slipped
nearly 2 percent last year as the oil company struggled with weaker
demand for its refined products.
Mulva's pay totaled $14.4 million in 2009, down slightly from
$14.6 million in 2008.
The Houston company partially benefited from the rebound in oil
prices last year, but those prices coupled with drivers' reduced
demand for gasoline also hurt margins in its refining business.
The AP's executive pay calculation, based on a regulatory
filing, aims to isolate the value the company's board placed on the
CEO's total compensation package. The figure includes salary,
bonus, incentives, perks and the estimated value of stock options
and awards.


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