11 Best Performing Energy Stocks So Far In 2025

7. Sable Offshore Corp. (NYSE:SOC)

YTD Share Price Gains as of Feb. 28: 21.86%

Ranked seventh in our list of the Best Performing Energy Stocks So Far This Year is Sable Offshore Corp. (NYSE:SOC), a Houston-based independent upstream company focused on developing the prolific Santa Ynez Unit in federal waters offshore California.

Once owned by ExxonMobil, the Santa Ynez Unit was forced to shut down due to a pipeline leak and regulatory hurdles in 2015. Despite its net asset value being approximately $10 billion, the asset was acquired by Sable Offshore Corp. (NYSE:SOC) for $883 million last year and the company is now nearing the completion of the regulatory requirements necessary to restart production in the first quarter of 2025. Sable aims to ramp up production from the unit to at least 10 million barrels in 2025, which should generate $400 million in annual cash flow for the company, potentially increasing its valuation to $4 billion. Sable’s management has also outlined an aggressive shareholder returns program, including a target quarterly dividend of $1 per share and a potential $2.50 per share upside, as well as the possibility of opportunistic share repurchases with excess cash. The company also aims to maintain a conservative leverage profile by focusing on paying down debt aggressively.

Shares of Sable Offshore Corp. (NYSE:SOC) surged earlier this month after the company received a letter from authorities in Santa Barbara County, approving certain pipeline repair work on the Las Flores Pipeline System.