NYSE:SOCOil and Gas
Sable Offshore (SOC) Is Down 7.8% After Restarting Santa Ynez Unit And Trimming Annual Net Losses
Sable Offshore Corp. reported a full-year net loss of US$410.16 million for 2025, an improvement from the prior year’s US$629.07 million loss, alongside the restart of production at its Santa Ynez Unit after completing pipeline repairs and hydrotests.
The company also secured key regulatory support, including PHMSA oversight and an emergency special permit, and advanced its offshore storage and treating vessel strategy to access both domestic and global petroleum markets.
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