CommoditiesMedium•9 October 2026•
1 min read
Oil Majors Evacuate Gulf Platforms as Hurricane Isaias Approaches
Key Facts
1Shell, Chevron, and BP evacuated Gulf platforms and cut production as Hurricane Isaias nears the coast.
Shell, Chevron, and BP evacuated Gulf platforms and cut production as Hurricane Isaias nears the coast. Benzinga reported that major oil companies have begun shutting down production at offshore installations due to the threat posed by the hurricane to refineries and infrastructure.
SHEL closed at $100.2 on October 8, 2026, while CVX closed at $211.55 on the same date. Additionally, BP closed at $46.36 on October 8, 2026, and XOM was trading at $169.075 on October 9, 2026.