Exxon, Chevron Executives Cancel Gulf Visit Over Security Concerns

ExxonMobil CEO Darren Woods and Chevron upstream president Clay Neff have canceled plans to attend next week's ADIPEC conference in Abu Dhabi over security concerns, according to sources cited by Reuters on Thursday. Both executives were expected at the November 2-5 event, one of the oil industry's largest annual gatherings, and Woods is still showing up on the roster.

Neither company would comment on the cancellations, which come as Washington considers another round of military action against Iran. President Donald Trump has said the United States would not attack Iran before the November 3 midterm elections, although he subsequently raised the possibility of another military operation. ADIPEC runs through November 5, putting much of the conference on the calendar immediately after the election.