Oil CEOs Withdraw from Riyadh Energy Congress Following Security Concerns

Key Facts

1CEOs of ExxonMobil, Shell, Chevron, and BP were removed from the Riyadh WPC Energy Congress agenda following security concerns.

2Saudi Energy Minister Abdulaziz bin Salman acknowledged ongoing risks following the recent strike on King Khalid Airport.

3Aramco CEO Amin Nasser warned that global crude oil pressure will worsen until the Strait of Hormuz is fully reopened.

The CEOs of ExxonMobil, Shell, Chevron, and BP were removed from the Riyadh WPC Energy Congress agenda following security concerns. Reuters reported the withdrawal after missile strikes targeted King Khalid International Airport over the weekend. Saudi Energy Minister Abdulaziz bin Salman acknowledged that risks remain ongoing following the strike, which occurred approximately 10 kilometers from the event venue.

Aramco CEO Amin Nasser warned that global crude oil supply pressure will worsen until the Strait of Hormuz is fully reopened. In equity markets, XOM closed at $172.15 on October 12, 2026, while CVX closed at $211.98 and SHEL closed at $100.18 on October 9, 2026. Peer company BP closed at $46.25 on October 9, 2026, as regional instability led to extended disruptions at Riyadh's international airport.