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EXCLUSIVE-Exxon, Chevron Cancel ADIPEC Executive Trips, Sources Say
The cancellations follow rising regional tensions and U.S. diplomatic withdrawals as other major energy executives remain on the ADIPEC program.
On Thursday, ExxonMobil CEO Darren Woods and Chevron upstream president Clay Neff canceled plans to attend next week's ADIPEC conference in Abu Dhabi, citing security concerns.
The US State Department ordered some diplomats to leave Saudi Arabia last week as the kingdom faces near-daily attacks from Iran-aligned Houthis, prompting security reviews across the region.
BP CEO Meg O'Neill and Equinor CEO Anders Opedal remained on the conference's online schedule as of Thursday, with exhibitors from more than 170 countries expected to participate.
Fears of fresh US attacks on Iran and potential retaliatory strikes by Tehran have gripped oil markets in recent days, marking the latest industry conference to face security-related disruptions.
The exhibition runs through November 5, placing much of the conference immediately after the US midterm election, while organizers still expect record participation from more than 120 US companies.
ExxonMobil and Chevron executives cancel participation in the largest energy conference in the Middle East for fears of regional security, in the midst of the U.S. military escalation against Iran.