Phillips Petroleum CEO receives award from peers

Journal Record, The (Oklahoma City), Jun 10, 2002 by staff

James J. Mulva, chairman and CEO of Phillips Petroleum has been named the 2002 Petroleum Executive of the Year. He was nominated and selected by his peers in the international oil and natural gas industry. Mulva will receive the award during the 23rd annual Oil and Money Conference, scheduled Nov.

5 in London. The conference is co-hosted by the Energy Intelligence Group and the International Herald Tribune. Tom Wallin, president of Energy Intelligence Group, said Mulva was chosen for the award in recognition of the aggressive steps he has taken to grow Phillips and position it to compete long-term in an increasingly difficult business environment. Phillips' growth came through a series of strategic transactions that set the stage for Phillips' merger with Conoco, Wallin said. The merger, expected to be completed in the second half of 2002, will create ConocoPhillips, the sixth-largest energy company in the world, based on reserves, and the fifth-largest global refining and marketing company. ConocoPhillips will be based in Houston.