Sable Offshore soars as Chevron plans to buy California refinery oil
ByAinvest
Tuesday, Mar 24, 2026 1:19 pm ET1min read
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Sable Offshore (SOC) shares rose 7.2% on Tuesday after Bloomberg reported that Chevron (CVX) plans to buy 20K bbl/day of the first shipments of crude from Sable's platforms off the coast of Santa Barbara, California. Chevron intends to run the Sable crude through its nearby refinery.
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