Exxon Mobil Corp. Exxon Mobil Corp.

Houston-based Sable Offshore Corp. (NYSE: SOC) has resumed the transportation of oil from an offshore California platform after an order from the federal government.

Sable bought the Santa Ynez Unit in California from Spring-based Exxon Mobil Corp. (NYSE: XOM) in 2024, but after restarting the offshore facility in May — a decade after production was suspended in 2015 — Sable ran into legal issues keeping the company from commencing sales through an onshore pipeline system.

The company had planned to restart commercial sales in September, but the state of California did not allow Sable to restart the pipeline system. Then, in November, the Santa Barbara County Board of Supervisors voted 4-1 to postpone their decision on Sable’s request to transfer county permits for onshore portions of the unit from Exxon to Sable, according to media reports.

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