Trump wants oil drilling off the coast of California. But does anyone else? [Los Angeles Times (CA)]
Sable Offshore Corp. (SOC)
Company Research
Source: Los Angeles Times
Oil companies have expressed some interest in new offshore leases, but experts question whether the move is politically motivated. There are an estimated 9.8 billion barrels of untapped oil off the coast of California and about 29.6 billion barrels in the Gulf of Mexico. The Trump administration reportedly has plans to open the waters off California's coast to new oil and gas drilling for the first time in four decades, drawing swift condemnation from Gov. Gavin Newsom, lawmakers and environmental groups who say it would be disastrous for the state's environment, economy and clean energy targets. Whether energy companies would be interested in such leases is another question. Experts say the resources are limited and oil majors may not clamor for leases that could ensnare them in the Golden State's stringent environmental policies. Trump has focused heavily on increasing fossil fuel production in the United States, yet some say offering the opportunity to drill in the Pacific
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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 [CBS News]CBS News
- Trump administration announces plan for new oil drilling off the coasts of California and Florida [BNN Bloomberg (Canada)]BNN Bloomberg
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