FILE PHOTO: A Phillips66-owned Conoco gasoline station in St. Louis, Missouri January 14, 2015. REUTERS/Kate Munsch/File Photo

HOUSTON (Reuters) - Shareholders of oil producer ConocoPhillips COP.N rejected a proposal at their annual meeting on Tuesday that would have linked executive compensation with U.S. accounting standards.

Shareholders of the company, who met in a Houston hotel, also approved a slate of 10 for the board of directors and voted in favor of the existing executive compensation program.