Jim Mulva

Sheila McNulty

ConocoPhillips’ shrink-to-grow strategy is doing more than benefitting the company and its shareholders. It turns out the architect of the programme, Jim Mulva, Conoco’s chief executive, got a 25 per cent increase in total compensation to $17.9m in 2010.

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Sheila McNulty

Conoco Phillips, the US’ third biggest oil and gas company, said today it scaled back north America natural gas production late in the third quarter by about 180m cubic feet equivalent per day. It did so because of low natural gas prices, under constant pressure from the shale gas production boom. Read more