How much did Sable Offshore Corp.'s CEO Jim Flores earn in 2025, and what was the composition of his compensation?

Jim Flores, CEO of Sable Offshore Corp., earned a $76 million pay package in 2025, consisting of more than $69 million in stock awards, a $1.3 million salary, and a $3.9 million bonus; this marked a dramatic increase from his $1.7 million earnings in 2024, during which he received no stock awards.

What was the operational status of Sable Offshore Corp. in 2025, and how did federal intervention change its production?

In 2025, Sable Offshore Corp. sold no crude oil as its years-long effort to restart production at offshore California rigs was blocked by local and state opposition, causing its shares to fall 61%; however, after President Donald Trump invoked a Cold War-era law in March and directed the company to begin pumping—overriding California’s opposition—Sable began producing and selling approximately 50,000 barrels of oil daily.

California Oil Driller That Sold No Crude Paid CEO $76 Million

Apr 30, 2026

Sable Offshore Corp's CEO received $76 million in 2025 despite the company initially selling no crude oil due to regulatory opposition. Production resumed at 50,000 barrels daily after President Trump invoked wartime powers to override state restrictions.

bloomberg

2026-04-30

California Oil Driller That Sold No Crude Paid CEO $76 Million

California Oil Driller That Sold No Crude Paid CEO $76 Million

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