Here is Why Sable Offshore (SOC) Gained This Week

The share price of Sable Offshore Corp. (NYSE:SOC) surged by 13.12% between October 17 and October 24, 2025, putting it among the Energy Stocks that Gained the Most This Week.

Sable Offshore Corp. (NYSE:SOC) is an independent upstream company focused on developing the prolific Santa Ynez Unit in federal waters offshore California.

Sable Offshore Corp. (NYSE:SOC) jumped after the U.S. Energy Secretary Chris Wright publicly voiced support for the company in a social media post on October 18. Mr. Wright wrote on X:

“Only in California! Newsom is blocking oil production off California’s coast from reaching their own refineries, driving gasoline prices even higher for Californians!

Now, this oil production will have to be shipped elsewhere, lowering gas prices for other areas— just not for California! This is the opposite of common sense! The Trump administration is working every day to LOWER energy prices for ALL Americans!”

Reacting to the post, Roth Capital analyst Leo Mariani stated the following while maintaining his ‘Buy’ rating and $28 price target on Sable Offshore Corp. (NYSE:SOC):

“We expect that the post from Secretary Wright ought to give investors some assurance that the federal government is behind this oil project and that it can get to production via an FPSO in late 2026.”

Moreover, a Reuters report on October 25 revealed that Sable Offshore Corp. (NYSE:SOC) is in talks with the U.S. government to finance a floating storage strategy it proposed as an alternative to marketing crude from the Santa Ynez field off California by pipeline. Roth Capital’s Leo Mariani expects investors to react positively to the news.

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Disclosure: None.