Sable Offshore Corp.
SOCSable Offshore Corp. (SOC) is a company involved in offshore oil and gas exploration and production activities. It focuses on developing and operating offshore assets, primarily in deepwater and ultra-deepwater environments. SOC is engaged in the extraction of hydrocarbons from subsea reservoirs, supporting the energy industry with innovative offshore solutions.
Company News
Sable Offshore's stock surged 30% following a December 31, 2025 U.S. Court of Appeals ruling that denied environmental groups' request to halt the Las Flores pipeline restart. The 9th Circuit decision, combined with a federal permit issued by PHMSA on December 22, allows the company to resume oil production from its Santa Ynez Unit facility, pote...
U.S. stock futures showed mixed performance on Monday with the Dow rising 0.03% while S&P 500 and Nasdaq 100 declined 0.22% and 0.42% respectively. The market faces a light week with New Year's Day closure on Thursday. Key movers include Target (activist investor stake), Coupang (data breach settlement), Taiwan Semiconductor (earthquake concerns)...
Sable Offshore's stock plummeted 13.49% on December 26, 2025, after environmental groups including the Sierra Club filed a lawsuit to challenge a federal regulator's decision approving the restart of the Las Flores pipeline in California. The Department of Transportation's Pipeline and Hazardous Materials Safety Administration had ruled that the ...
Sable Offshore surged 36% on December 23, 2025, after federal regulators approved the restart of its Las Flores Pipeline System in California. The approval shifts oversight from California to federal regulators, providing more certainty for the company's operations. However, the ruling is expected to face challenges from lawmakers and environment...
Sable Offshore's stock surged 68% after-hours following federal confirmation that its Las Flores Pipeline qualifies as an interstate pipeline facility, transitioning regulatory oversight from California to the Pipeline and Hazardous Materials Safety Administration (PHMSA).
