EXHIBIT 99.1 Sable Offshore Corp. Reports First Quarter 2024 Financial Results and Provides Operational Updates Houston, May 15, 2024 – Sable Offshore Corp. (NYSE: SOC, “Sable,” or the “Company”) today announced its first quarter 2024 financial and operational results and near-term operational plans. First Quarter 2024 Financial Highlights • Completed business combination with Flame Acquisition Corp (the “Business Combination”), including the acquisition of the Santa Ynez Unit (“SYU”) comprising 16 Outer Co ...