Federal Regulator Clears Sable Pipeline Restart, Shares Jump [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
Last exxon mobil corporation earnings: 5/1 07:34 am
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Source: Yahoo! Finance
restart a long-shuttered California oil pipeline, a development that helped lift the company's shares about 30% on Tuesday. The approval came after the Department of Transportation's Pipeline and Hazardous Materials and Safety Administration determined that key sections of the Las Flores Pipeline System fall under federal, rather than California, oversight. That determination could ease a major hurdle for Sable, which has been seeking to restart offshore oil production using assets acquired from Exxon Mobil Corp. last year, but has remained constrained by opposition and permitting challenges tied to the onshore pipeline network. Warning! GuruFocus has detected 2 Warning Signs with SOC. Is SOC fairly valued? Test your thesis with our free DCF calculator. In a letter to the company, PHMSA approved the restart of pipeline segments CA-324 and CA-325, lines built in the 1980s that transport offshore crude once it reaches land. Line CA-324, previously known as Line 901, was responsibl
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XOM
Earnings
- 10/31/25 - Beat
XOM
Sec Filings
- 12/19/25 - Form 4
- 12/18/25 - Form 4
- 12/15/25 - Form 4
- XOM's page on the SEC website