FINWIRES · TerminalLIVE
FINWIRES

$SOC

7 stories mentioning SOC

Every FINWIRES story that references SOC, newest first.

Insider Trading

Sable Offshore Insider Sold Shares Worth $1,076,279, According to a Recent SEC Filing

Anthony Duenner, Executive Vice President, General Counsel and Secretary, on April 28, 2026, sold 80,055 shares in Sable Offshore (SOC) for $1,076,279. Following the Form 4 filing with the SEC, Duenner has control over a total of 640,864 common shares of the company, with 590,864 shares held directly and 50,000 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1831481/000200021026000006/xslF345X05/wk-form4_1777598078.xml

$SOC
Insider Trading

Sable Offshore Insider Sold Shares Worth $1,883,391, According to a Recent SEC Filing

James C Flores, 10% Owner, Director, Chairman and Chief Executive Officer, on April 28, 2026, sold 140,089 shares in Sable Offshore (SOC) for $1,883,391. Following the Form 4 filing with the SEC, Flores has control over a total of 11,398,661 common shares of the company, with 8,173,661 shares held directly and 3,225,000 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1831481/000093948526000003/xslF345X05/wk-form4_1777597988.xml

$SOC
Insider Trading

Sable Offshore Insider Sold Shares Worth $1,076,266, According to a Recent SEC Filing

James Caldwell Flores, President and Chief Operating Officer, on April 28, 2026, sold 80,054 shares in Sable Offshore (SOC) for $1,076,266. Following the Form 4 filing with the SEC, Flores has control over a total of 979,740 common shares of the company, with 562,740 shares held directly and 417,000 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1831481/000200022226000008/xslF345X05/wk-form4_1777598414.xml

$SOC
Equities

Sable Offshore CEO Awarded $76 Million Despite No Oil Sales in 2025

Sable Offshore (SOC) awarded Chief Executive Jim Flores a $76 million compensation package in 2025, according to a regulatory filing on Thursday.This was despite the California oil driller not selling any crude during the year, Bloomberg reported.The package was largely driven by more than $69 million in stock awards, along with a $1.3 million salary and a $3.9 million bonus, according to the regulatory filing.Flores earned $1.7 million in 2024 with no stock awards.

$SOC
Sectors

Sector Update: Energy Stocks Mixed Late Afternoon

Energy stocks were mixed late Monday afternoon with the NYSE Energy Sector Index rising 0.2% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 0.1%.The Philadelphia Oil Service Sector Index fell 0.8%, and the Dow Jones US Utilities Index fell 0.6%.West Texas Intermediate crude oil jumped 5.9% to $88.79 a barrel, and global benchmark Brent rose 5.3% to $95.19 a barrel. Henry Hub natural gas futures increased 0.3% to $2.68 per 1 million BTU.In corporate news, Devon Energy (DVN) shares rose 1.3% after Tudor Pickering Holt upgraded the stock to buy from hold with a $63 price target.USA Rare Earth (USAR) agreed to acquire Brazilian rare earths miner Serra Verde in a cash-and-stock deal with an equity value of about $2.8 billion. USA Rare Earth shares jumped 13%.Eni (E) and Repsol reached a deal with the Venezuelan government to begin exporting natural gas from the country's Perla field in the Gulf of Venezuela, shipping the fuel in the form of liquefied natural gas from a floating terminal, Bloomberg reported. Separately, Eni made a gas discovery in the Kutei Basin off the coast of Indonesia. Eni shares rose 0.4%.Sable Offshore (SOC) shares climbed 3.4% after it said capital expenditures across its assets are expected to be around $180 million from April through December.

$DVN$E$SOC$USAR
Sectors

Sector Update: Energy Stocks Higher Monday Afternoon

Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index rising 1% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.7%.The Philadelphia Oil Service Sector Index was decreasing 0.3%, and the Dow Jones US Utilities Index was steady.In sector news, oil prices rose Monday following an apparent flare-up between the US and Iran ahead of the expiration of their ceasefire agreement this week. Oil prices had plunged on Friday as Iran declared that the Strait of Hormuz was open, a key US demand. Tehran, however, took back control of the waterway on Saturday. Both sides have accused each other of violating a two-week ceasefire that is due to expire Tuesday.Front-month West Texas Intermediate crude oil jumped 6.8% to $89.56 a barrel, and the global benchmark Brent crude contract popped 5.9% to $95.72 a barrel. Henry Hub natural gas futures increased 0.9% to $2.70 per 1 million BTU.In corporate news, USA Rare Earth (USAR) on Monday agreed to acquire Brazilian rare earths miner Serra Verde in a cash-and-stock deal with an equity value of about $2.8 billion, as the critical minerals producer aims to boost its rare earth operations. USA Rare Earth shares jumped past 8%.Eni (E) and Repsol have reached a deal with the Venezuelan government to begin exporting natural gas from the country's Perla field in the Gulf of Venezuela, shipping the fuel in the form of liquefied natural gas from a floating terminal, Bloomberg reported. Separately, Eni said it has made a gas discovery in the Kutei Basin off the coast of Indonesia. Eni shares rose 1%.Sable Offshore (SOC) shares added 0.4% after it said capital expenditure across its assets is expected to be around $180 million from April through December this year.

$E$SOC$USAR
Wire

Sable Offshore Expects $180 Million in Capital Expenditures Through December, Oil Transportation Begins

Sable Offshore (SOC) said Monday that capital expenditure across its assets is expected to be around $180 million from April through December this year.The company also said oil transportation through two segments of the Santa Ynez Pipeline System has begun.The company said the 40 wells currently online at the Harmony and Heritage offshore platforms are producing an average of 750 barrels of oil per day per well.Once all 74 production wells are online, Sable said it expects average production per well to be around 700 barrels of oil per day.Sable also said it expects Platform Hondo to come online in June with an estimated fully ramped production rate of around 10,000 barrels of oil per day.The company also said it plans to conclude a refinancing of its senior secured term loan in the second quarter of 2026.Shares of the company were up 3.7% in Monday premarket trading.

$SOC
SOC News | FINWIRES