Sable Offshore Corp.
Close on Oct 19, 2026
- Market cap
- $489.57M
- P/E (TTM)
- –
- Dividend yield
- –
About Sable Offshore
Crude Petroleum & Natural Gas, SIC 1311
Sable Offshore Corp. develops and produces crude oil and natural gas. The company engages in oil and gas extraction, onshore processing, fluid stabilization, and petroleum transportation through the Santa Ynez Unit and Santa Ynez Pipeline System. Its integrated assets include offshore production, oil and water treatment, natural gas processing, and fractionation. Sable supplies its crude oil and petroleum products to regional refinery markets.
The company's operations are located in federal waters offshore California and onshore within Santa Barbara, San Luis Obispo, and Kern counties. Its footprint spans sixteen federal offshore leases across approximately 76,000 acres and roughly 1,480 onshore surface acres. Infrastructure includes three offshore platforms, named Hondo, Harmony, and Heritage, servicing 112 wells, alongside onshore treating plants, storage tanks, a power plant, and an interstate pipeline system extending over 120 miles. The provided text does not disclose the company's headquarters.
Summary of the business section of Sable Offshore's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Sable Offshore Corp.
- Founded
- 2020
- Headquarters
- Houston, TX
- Address
- 845 Texas Avenue, Suite 2920 77002
- Phone
- (713) 579-6106
- Website
- sableoffshore.com
- Employees
- 200, Dec 31, 2025
- Industry
- Crude Petroleum & Natural Gas
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- Ham, Langston & Brezina, L.L.P., Houston, Texas
Stock & identifiers
- Ticker
- SOC
- Exchange
- NYSE
- IPO date
- Feb 26, 2021
- Shares outstanding
- 192M, Aug 7, 2026
- Public float
- $1.20B, Jun 30, 2025
- Filer category
- <br>Emerging growth company
- SEC CIK
- 1831481
- CUSIP
- 78574H104
- ISIN
- US78574H1041
- LEI
- 254900IMMKZUOZF7V487
- EIN
- 85-3514078
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| James C. Flores | Chairman & CEO, Director | 11,406,161 |
| James Caldwell Flores | President, COO | 1,140,926 |
| Gregory D. Patrinely | EVP, CFO | 602,051 |
| Anthony Duenner | See Remarks | 780,176 |
| Doss R. Bourgeois | EVP, Chief Operating Officer | 850,000 |
| Gregory Phillip Pipkin | Director | 183,040 |
| Michael E. Dillard | Director | 502,500 |
| Christopher Binyon Sarofim | Director | 10,449,653 |
Employees
Headcount reported in annual reports
“As of December 31, 2025, we have approximately 200 employees, none of whom are represented by labor unions or covered by collective bargaining agreements.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Jul 13, 2026 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Nov 4, 2024 | Delisting | Notice of delisting from exchange (Form 25) |
| Feb 15, 2024 | Delisting | Notice of delisting from exchange (Form 25) |
| Feb 14, 2024 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Feb 14, 2024 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Feb 14, 2024 | Name change | Name changed from Flame Acquisition Corp. to Sable Offshore Corp. |
| Jan 31, 2024 | Merger vote | Definitive merger proxy statement |
| Apr 1, 2022 | Late filing | Notification of late filing |
| Nov 15, 2021 | Late filing | Notification of late filing |
| Jun 1, 2021 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| May 17, 2021 | Late filing | Notification of late filing |
| Feb 26, 2021 | IPO | Initial public offering priced (424B4 prospectus) |
| Feb 24, 2021 | Listing | Registration of securities on an exchange (Form 8-A) |