HOUSTON, March 28 Total compensation for Ryan
Lance, ConocoPhillip's chief executive officer, climbed
21 percent in 2013, in a year where the company's stock rose
more than other large oil companies.
Lance's total compensation, which includes salary, perks,
and stock and option awards, rose to $23.4 million from $19.3
million in 2012, according to Conoco's proxy filed with the U.S.
Securities and Exchange Commission on Friday.
Last year, 82 percent of shareholders voted in favor of the
Houston company's executive compensation program. Based on that
vote and other factors, Conoco's board made some changes,
including a ban on the pledging of, hedging or trading in
derivatives of the company's stock by directors or officers, the
Average shareholder support of executive compensation during
2013 for companies in the Russell 3000 index was 91
percent, according to proxy advisory firm ISS.
Shares of Conoco, which split off its refining business in
2012, rose 22 percent in 2013, outperforming other large peers
including Exxon Mobil Corp and Chevron Corp.
The Standard & Poor's 500 index rose 29 percent in
that same time period.
(Reporting by Anna Driver; Editing by Terry Wade and Chris