VDE Overview

CEO Retirement Announcement: Occidental Petroleum's shares rose over 3% following reports that CEO Vicki Hollub is preparing to retire, with a formal announcement expected later this year.

Potential Successor: Richard Jackson, recently elevated to chief operating officer, is positioned to take over as CEO after Hollub's departure, according to sources familiar with the situation.

No Set Retirement Date: The report indicates that there is currently no fixed date for Hollub's retirement, and ongoing conflicts in the Middle East may influence her plans.

Stock Updates: Investors can stay informed about this developing story by following updates directly on Stocktwits.

Iran's Stance on War: Iran maintains a hardline stance regarding ongoing conflicts, indicating that war will continue despite external pressures.

Rejection of U.S. Proposals: The Iranian government has rejected the U.S. timeline for negotiations and proposals related to regional security.

Response to U.S. Actions: Iran's leadership has issued a lukewarm response to U.S. proposals, signaling a lack of interest in compromise.

Demand for Sovereignty: Iran emphasizes its demand for sovereignty over the Strait of Hormuz, asserting its rights in the region amidst international tensions.

Trump's Executive Order: Earlier this month, Trump signed an executive order allowing Sable Offshore to restart a pipeline that had been shut down for a decade since the 2015 Refugio Beach oil spill.

Sable Offshore's Oil Sales: Roth Capital maintains a 'Buy' rating on Sable Offshore, predicting the company will achieve its first oil sales by April 1, with an expected output of around 50,000 barrels per day.

Chevron's Involvement: Chevron is reportedly planning to purchase some of the initial shipments of crude oil from Sable Offshore, with intentions to run Sable's crude at its El Segundo facility starting in April.

Market Reaction: Sable Offshore's shares surged nearly 7% following reports of a potential buyer, while retail sentiment around the stock has been bearish amid low message volume, despite a 58% increase in shares so far in 2026.

Trump's Remarks on Talks: President Donald Trump described the preliminary U.S.-Iran talks as "very, very good."

Iran's Stance on Peace: Iran, represented by Tehran, expressed a desire for peace and has agreed not to pursue nuclear weapons.