Exxon Mobil chief executive Darren Woods has cancelled plans to attend the Adipec conference in Abu Dhabi next week due to security concerns. This decision follows a series of attacks on neighbouring Saudi Arabia in recent weeks, including deadly strikes on state oil company Saudi Aramco and King Khalid International Airport. The withdrawal highlights growing unease among oil executives regarding travel to the region.
One source cited fears of potential Washington attacks against Iran surrounding the US midterm elections. Other major energy figures, including Ben Dell of Caturus, have also withdrawn from upcoming events. Adipec organisers anticipate record participation despite the withdrawals, expecting nearly 240,000 attendees last year's benchmark.
The conference, hosted by the UAE's state-run Adnoc, faces heightened scrutiny after similar events in Riyadh saw reduced international attendance and transport disruptions due to airport closures. The opening ceremony has been moved to a smaller venue. Exxon did not immediately comment on the cancellation.
Source: Financial Times Companies · Summarized by HeadlinesBriefing