Texas oil company fined $18 million for unapproved work along California coast [Los Angeles Times (CA)]
Sable Offshore Corp. (SOC)
Company Research
Source: Los Angeles Times
firm $18 million for failing to obtain necessary permits and reviews in its controversial push to revive oil production off the Gaviota Coast. Following hours of public comment Thursday, the 12-person commission found that Sable Offshore Corp. has, for months, violated the California Coastal Act by repairing and upgrading oil pipelines near Santa Barbara without commission approval. In addition to the $18 million fine, commissioners ordered the company to halt all pipeline development and restore lands where environmental damage has occurred. “The Coastal Act is the law, the law... put in place by a vote of the people,” Commissioner Meaghan Harmon said. “Sable's refusal, in a very real sense, is a subversion of the will of the people of the state of California.” The decision marks a significant escalation in the showdown between coastal authorities and Sable officials, who claim the commission has overstepped its authority. The action also comes at a time when the Trump admini
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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