Trump administration announces plan for new oil drilling off the coasts of California and Florida [CBS News]
Sable Offshore Corp. (SOC)
Company Research
Source: CBS News
Trump seeks to expand U.S. oil production, advancing a project that critics say could harm coastal communities and ecosystems. The oil industry has been seeking access to new offshore areas, including off Southern California and Florida, as a way to boost U.S. energy security and jobs. The federal government has not allowed drilling in federal waters in the eastern Gulf of Mexico, which includes offshore Florida and part of offshore Alabama, since 1995, because of concerns about oil spills. California has some offshore oil rigs, but there has been no new leasing in federal waters since the mid-1980s. Even before it was released, the offshore drilling plan has been met with strong opposition from California Gov. Gavin Newsom, a Democrat who is eyeing a 2028 presidential run and has emerged as a leading Trump critic. The proposal is also likely to draw bipartisan opposition in Florida. Tourism and access to clean beaches are key parts of the economy in both states. The administrat
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SOC
News
- Sable Offshore (NYSE:SOC) had its "buy" rating reaffirmed by analysts at Roth Capital.MarketBeat
- Trump Pushes To Reopen California Coast To Offshore Drilling [zero hedge]zero hedge
- Sable Offshore (SOC) – Among the Energy Stocks that Lost This Week [Yahoo! Finance]Yahoo! Finance
- Trump administration announces plan for new oil drilling off the coasts of California and Florida [BNN Bloomberg (Canada)]BNN Bloomberg
- Trump administration announces plans to open Pacific Ocean to offshore drilling [Los Angeles Times (CA)]Los Angeles Times
SOC
Earnings
- 11/13/25 - Miss
SOC
Sec Filings
- 12/3/25 - Form S-3
- 12/1/25 - Form 8-K
- 11/26/25 - Form 8-K
- SOC's page on the SEC website