Sable Offshore gains as Bloomberg reports Chevron to buy co's oil

Sable Offshore

24/03/2026 16:38

** Shares of oil and gas producer Sable Offshore SOC.N up 4% at $16.44

** Oil major Chevron CVX.N plans to buy some of the first shipments of crude from SOC’s platforms off the coast of Santa Barbara, Bloomberg News reports citing Chevron executive

** “We’re going to run Sable’s crude at El Segundo in April,” the president of Chevron’s downstream, midstream and chemicals businesses, Andy Walz said in an interview to Bloomberg

** Including session's moves, SOC up 83.2% YTD

(Reporting by Dharna Bafna in Bengaluru)

((dharna.bafna@thomsonreuters.com))