Sable Offshore (SOC) - Among the Energy Stocks that Gained This Week

By Sultan Khalid | December 31, 2025, 5:18 AM

The share price of Sable Offshore Corp. (NYSE:SOC) surged by 14.87% between December 22 and December 29, 2025, putting it among the Energy Stocks that Gained the Most This Week.

Sable Offshore (SOC) - Among the Energy Stocks that Gained This Week

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

After hitting a roadblock with California state authorities, Sable Offshore Corp. (NYSE:SOC) has been seeking federal approval to restart its controversial oil and gas pipeline near Santa Barbara. The company received positive news earlier this month when the U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) approved its request to shift the pipeline from state to federal oversight, potentially overriding local opposition to the project. Sable announced on December 23 that the pipeline regulator has now further cleared the company’s way by approving its restart plan for portions of the Las Flores Pipeline System.

That said, Sable Offshore Corp. (NYSE:SOC) continues to face resistance from California residents and environmental groups, as the pipeline it aims to restart caused a disaster a decade ago when it leaked 3,000 barrels of crude along the Santa Barbara coastline. The company also received a blow on December 26, when the Environmental Defense Center and the Center for Biological Diversity filed an emergency lawsuit seeking to block the federal government’s approval.

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READ NEXT: 12 Best Crude Oil Stocks to Buy for Dividends and 11 Best Performing Energy Stocks in 2025.

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