Chevron Plans to Buy Oil From Sable for California Refinery.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Risser, Nathan 3 of 3

Abstract

The article focuses on Chevron Corp.'s plan to purchase initial shipments of crude oil from Sable Offshore Corp.'s platforms off the coast of Santa Barbara, following the Trump administration's approval to restart production. Chevron intends to buy 20,000 barrels per day of Sable's crude to process at its El Segundo refinery in California, supporting domestic oil supply amid rising fuel prices. Sable's offshore project, which could produce 45,000 to 55,000 barrels daily, has faced environmental opposition and political debate but represents a notable increase in California's declining oil output. Chevron emphasizes the use of American crude and infrastructure to provide more affordable fuel to U.S. consumers. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/03, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2026
  • Accession Number:192490198
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