SOC — Sable Offshore Corp · catalysts, narrative & risks

Executive Summary
Sable Offshore Corp. (NYSE: SOC) is an independent oil‑and‑gas company headquartered in Houston, Texas, focused on responsibly developing the Santa Ynez Unit in federal waters offshore California. As of 2026‑07‑29, the company has experienced a series of catalysts that have shaped its near‑term price trajectory and investor sentiment over the last ~1–3 months [38][30]. This report outlines the key recent catalysts, presents the bull and bear narrative for SOC, identifies notable risks, and highlights upcoming scheduled events that may influence the stock’s performance in the coming weeks and months.

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1. Company Overview