Story perspectives
Judge Denies Sable Offshore's Appeal; Shares Plummet 26.4%
10/15/2025
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Story summary
- A California judge denied Sable Offshore's request to lift the cease and desist order tied to the Santa Ynez project.
- Sable Offshore's shares fell 26.4% after the ruling.
- The company plans to appeal and to continue oil transport by tankers.
- Sable Offshore faces a California Attorney General lawsuit and fines from the Coastal Commission.
- Environmental groups oppose the operation due to spill risks.
