An oil company joins with the Trump administration to bully California over offshore drilling [Los Angeles Times (CA)]
Sable Offshore Corp. (SOC)
Company Research
Source: Los Angeles Times
Oil companies aren't known for playing nice with their adversaries. Put them together with the Trump administration's reliance on bullying to get its way, and watch the public interest get trampled. That is what's happening with an effort by Sable Offshore Corp., a Houston oil company, to restart a California oil pipeline system that has been fallow since 2015, when a leak from a corroded line spilled nearly 143,000 gallons of crude oil, fouling miles of the Santa Barbara coastline, including several marine preserves. Actually, the pipelines actually have already been restarted, thanks to a March 13 Trump administration order that cited “national security” as a rationale for preempting not merely state laws and regulations, but a 2020 consent decree that was agreed on by the federal government. The consent decree set forth numerous procedural and operational safeguards to be met before the pipelines could be restarted. Sable acquired the pipeline system in 2024, but acknowledge
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News
- California judge rebukes Trump-backed plan that bypasses state authority in oil pipeline restart [Los Angeles Times (CA)]Los Angeles Times
- Sable Offshore Corp. Provides Corporate UpdateBusiness Wire
- Sable Offshore (SOC) Is Down 6.7% After California Challenges Federal Pipeline Oversight Extension – Has The Bull Case Changed? [Yahoo! Finance]Yahoo! Finance
- Sable Offshore Executive Sells $4.7M in Shares Following Stock Vesting [Yahoo! Finance]Yahoo! Finance
- Sable Offshore's Pipeline Special Permit Opposed by California Attorney General [Yahoo! Finance]Yahoo! Finance
SOC
Earnings
- 11/13/25 - Miss
SOC
Sec Filings
- 4/20/26 - Form 8-K
- 4/2/26 - Form 4
- 4/2/26 - Form 4
- SOC's page on the SEC website