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After 56 days of trial and six days of deliberation, a federal jury in Houston convicted Enron's two former chief executives. Kenneth Lay was found guilty on all six counts he faced; Jeffrey Skilling was convicted on conspiracy, securities fraud, false statements and insider trading counts, closing the criminal case over the largest US corporate collapse of its time.

Sable Offshore posted a $197.0 million net loss for Q1 2026 after resuming oil sales from the Santa Ynez Unit under a U.S. Department of Energy Defense Production Act order, and ended the quarter with $956.3 million of short-term debt against $52.2 million in cash.

Sable Offshore reported $137.1 million of revenue and $9.4 million of operating cash flow for the second quarter of 2026, its first full quarter of sales since the Santa Ynez Unit restart, and ended June selling about 40,000 net barrels of oil a day.