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
In an action cheered by environmentalists, the California Coastal Commission on April 10 voted to fine a Texas-based oil firm $18 million for failing to obtain necessary permits and reviews in its controversial push to revive oil production off Santa Barbara's coast. In addition to the fine — the largest in the commission's history— the company was ordered to halt all pipeline work and begin restoration efforts after commissioners unanimously found that Sable Offshore Corp. had violated the California Coastal Act for months. The meeting drew hundreds, both in support of and against the project. And while the decision marks a significant escalation in the showdown between coastal authorities and Sable officials, it's probably not the end. Sable has already sued the commission, claiming “overreach,” arguing that the commission doesn't have the authority to oversee the pipeline work. The state disagrees.
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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