CommoditiesMedium•8 October 2026•
1 min read
Chevron and Shell Shut In Gulf of Mexico Output Due to Storm Isaias
Key Facts
1Chevron and Shell have begun shutting in oil and gas production at nine offshore facilities in the US Gulf of Mexico as a precaution.
2Shell is evacuating all personnel and shutting in production at its Mars, Olympus, Ursa, Vito, and Appomattox assets.
3Chevron initiated shut-in procedures at four facilities while production at its five other Gulf facilities remains at normal levels.
Chevron and Shell have begun shutting in oil and gas production at nine offshore facilities in the US Gulf of Mexico as a precaution. According to investinglive.com, Shell is evacuating all personnel and has suspended operations at its Mars, Olympus, Ursa, Vito, and Appomattox assets, while Chevron initiated shut-in procedures at four facilities while maintaining normal production at five other sites.
These supply disruptions add to existing geopolitical risk premiums, supporting oil prices near the $100 level. CVX closed at $207.58 and SHEL closed at $97.62 on October 6, 2026, while peer XOM closed at $164.05 on October 7, 2026.