It has delivered strong returns of 93.7% so far this year. Occidental Petroleum has a Zacks Rank #1 (Strong Buy) and VGM Score of A. Occidental Petroleum saw positive earnings estimate revision of 58 cents over the past month for this year, with estimated growth of 74.1% The company is also a producer of a variety of basic chemicals, petrochemicals, polymers and specialty chemicals. Texas-based Occidental Petroleum is an integrated oil and gas company, with significant exploration and production exposure. All these suggest a new era of women’s leadership in world economy. Companies with greater diversity on their boards have also experienced lower volatility in earnings and dividends. Gender diversity usually results in increased productivity, greater innovation, better decision-making as well as higher employee retention and satisfaction. With 41 women on the Fortune 500 list, women leaders hold just 8.1% of the Fortune 500 CEO spots.Īccording to many researchers, companies with greater levels of gender diversity on their boards of directors have been more profitable than their male-dominant counterparts. The number of women running Fortune 500 companies climbed to an all-time high of 41 in 2021, up from 37 in 2020, 33 in 2019 and just two seen more than 20 years ago.

The latest study from S&P Global Market Intelligence found that public companies with women in the CEO spot or serving as a chief financial officer have been more profitable and have given a stronger stock price performance than companies with men in the top posts. Per a study conducted by The Pipeline, firms with women in senior roles performed better than male-run companies by almost 40%. These have massive upside potential in the coming months as well.

That said, among the stocks that are outperforming the market this year, Occidental Petroleum OXY, Northrop Grumman NOC, Hershey Company HSY, Commercial Metals Company CMC and Vertex Pharmaceuticals VRTX are headed by female CEOs. A study found that women leaders have navigated the pandemic more successfully than comparable male counterparts. Per several researches, companies led by women have a long history of outperformance even in times of the COVID-19 crisis, which put the economy into a recession. On International Women’s Day, let us put the spotlight on women with commanding positions in the business world. They are not only contributing to the global economy but also stimulating growth. Women have set new standards in the world economy through their incredible leadership, entrepreneurship, talent and decision-making skill.

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