Occidental Petroleum is on Fortune’s list of World’s Most Admired Companies


Hello, Broadsheet readers! Rent the Runway will sell its inventory on Amazon, the Best Actress Oscar run is controversial, and Occidental Petroleum is returning to the ranks of the world’s most admired companies. Have a productive Wednesday.

– The most admired. For a quarter of a century, Fortune ranked the world’s most admired companies. These are companies that are admired by others in the wider business community as well as in their own industries. As editors Matt Heimer and Scott DeCarlo explain, this measure of company reputation encompasses “the impression you make on casual observers by producing good results” as well as “the more intimate esteem you earn on the part of customers, employees and collaborators”, and the reluctant respect of competitors.

This year’s edition of the World’s Most Admired Companies list, in partnership with Korn Ferry, was released this morning; at the top is Apple for the 16th consecutive year. Twenty-six women-led companies feature on this list of 320 companies, showing how rare it is still, despite some progress, for a woman to lead a large company. Accenture, led by CEO Julie Sweet, tops the IT services industry rankings for the 10th consecutive year.

One story worth paying attention to is the resurgence of Occidental Petroleum. The oil and gas business fell off that ranking for two years, a period that coincided with the difficult fallout from a $38 billion acquisition for CEO Vicki Hollub. Activist investors, including Carl Icahn, sued the company. Some have criticized the $36 billion-revenue company for its green tech strategies.

But Hollub’s consistent leadership has won her and her company admirers despite the challenges of the business. Seven years ago, she became the first woman to lead a major oil and gas company. She is now one of the longest-serving female CEOs in the Fortune 500. Occidental shares are up 500% since November 2020.

For Hollub’s peers in the business world, who voted for companies to make this list, this record was enough to relaunch his business in this cohort. Warren Buffett is a longtime supporter of Hollub and Occidental, and Berkshire Hathaway is the company’s largest shareholder. Fittingly, Berkshire has appeared on this list every year since its debut. As Heimer and DeCarlo write, “Obviously, some admired companies really do admire each other.”

See the full list of the World’s Most Admired Companies here.

Emma Hinchcliffe
[email protected]

The Broadsheet is Fortune’s newsletter for and about the world’s most powerful women. Today’s edition was curated by Kinsey Crowley. Subscribe here.


– Proposed routes. The Biden administration has proposed new rules to expand access to birth control by strengthening the Affordable Care Act’s mandate to cover contraception as preventative women’s health. In addition to reversing the Trump-era exemption for employers with moral objections, the new rule would also create workarounds for students and employees of organizations with religious exemptions. CNN

– Generate profits. General Motors, led by CEO Mary Barra, reported stronger-than-expected fourth-quarter earnings. The company overcame supply chain issues and held its own, despite falling prices for used cars and competitors’ electric vehicles. the wall street journal

– Track to Amazon. In the latest move to recoup losses from the pandemic, Rent the Runway has partnered with Amazon. The fashion rental service will have a virtual storefront on Amazon where shoppers can purchase second-hand clothes. This is the third retail partnership the company, led by Jenn Hyman, has attempted. Tech Crunch

– Stained reputation. Unilever-owned laundry brand The Laundress stepped up a call for a full product withdrawal late last year when low levels of a carcinogen were found in addition to harmful bacteria in some of its products . But the brand loyalty that founders Lindsey Boyd and Gwen Whiting have earned for their products since 2004 persists; some customers are willing to risk itchy skin and deadly side effects to continue using the products. The cup

MOVERS AND SHAKERS: Madeline McIntosh steps down as CEO of Penguin Random House US Jenifer Mallory was promoted to president of Columbia Records. Former Director of Meta and PayPal Malvina Goldfeld joined Podimo as Product Manager. mihal nahari and Celeste Warren are now members of the Paradigm for Parity Board of Directors. Ossa Fisherman is now president of Aurora, the autonomous automotive technology company. Modern health has emerged Sarah Martino as product manager. Tina Garrett Ragland is now the Director of Human Resources for Save the Children US Hinge Health added Deborah Conrad to the team as the first Marketing Director. Tue On is now CEO of Remote Year.


– The rise of Riseborough. Andrea Riseborough, the leader of independent film To Leslie, is now facing fierce controversy for her surprise Best Actress Oscar nomination. Celebrities ran an informal grassroots support campaign that may have pushed the boundaries of the Academy’s ethics rules. Critics say Riseborough, a white woman, may have taken the place that could have gone to leading black actresses. New York Times

– Trouble in Graceland. Priscilla Presley is contesting the will of her daughter Lisa Marie Presley, who died earlier this month at 54. Priscilla is challenging a 2016 amendment that excluded her and her former business manager. CNN

– ‘Just like that.’ Bonnie Raitt has won 10 Grammy Awards, but for the first time in her career, she is nominated as a songwriter. “Just Like That” tells the story of a man who received a heart transplant. New York Times


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“There are ups and downs, and…you have to make the most of them. That’s how you become a great athlete, and it also helps you in everyday life.”

—Starr Andrews, the first black woman to medal at the U.S. Figure Skating Championships in 35 years

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