Chevron to Buy Oil from Sable Offshore for Californians

NodeGuardian · 2026-03-25T15:56:40+00:00

Chevron Corp. plans to buy up to 20,000 barrels per day of crude oil from Sable Offshore Corp. to enhance California's energy security and lessen foreign oil dependence, while creating jobs and economic benefits amid a tough energy policy environment.

NodeGuardian

2026-03-25 15:56:40

Abstract generation in progress

Chevron Corp. announced a deal to purchase up to 20,000 barrels per day of crude oil from Sable Offshore Corp.'s Santa Ynez Unit off Santa Barbara. This move, stemming from federal intervention using the Defense Production Act, aims to boost California’s energy security and significantly reduce its reliance on foreign oil imports. The partnership is expected to create jobs and economic benefits within California, providing a temporary relief amidst the state’s challenging energy policy landscape.

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