Here is Why Sable Offshore (SOC) Plummeted This Week

The share price of Sable Offshore Corp. (NYSE:SOC) fell by 16.25% between September 18 and September 25, 2025, putting it among the Energy Stocks that Lost the Most This Week.

Here is Why Sable Offshore (SOC) Plummeted This Week

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

Sable Offshore Corp. (NYSE:SOC) plummeted this week after the Santa Barbara County district attorney accused it of flouting state laws that protect streams and wetlands, adding to the company’s legal complications as it works to restart the offshore operations at three oil platforms it now owns. Sable has denied the prosecutors’ allegations, calling them ‘politically motivated’ and ‘extremely misleading’.

Sable Offshore Corp. (NYSE:SOC) also suffered a blow earlier this month when California’s Governor Newsom proposed a legislative package that would impose further restrictions on the state’s offshore oil industry, directly impacting the company’s efforts to reactivate a pipeline off the coast of Santa Barbara County.

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