FX.co - Technology giants and oil leaders: world’s five highly profitable companies

2019-07-10T13:35:42

Technology giants and oil leaders: world’s five highly profitable companies

According to experts, a key indicator of the status value and high income of large companies is their net profit. In 2019, the rating of such corporations was headed by Saudi Aramco. The net profit of the oil giant exceeded the revenues of well-known American and Chinese holding companies, such as Apple, State Grid Corporation, and others. For more detailed information on the most profitable global corporations, see our article

Saudi Aramco

The Asian oil giant ranks first in the list of the largest companies in the world. Over recent years, its income has grown by 35 percent. The total proceeds of Saudi Aramco reached $355.9 billion. The company has 99% of its oil reserves in Saudi Arabia. Saudi Aramco's net income was $111 billion. According to analysts, Saudi Aramco accounts for up to 10% of all the oil produced in the world. In 2018, the value of the company amounted to $1.6 trillion.

Apple

The second place among the highly profitable companies in the world is occupied by the Apple technology giant. For many years, this leading American corporation has held the lead in the ranking of the most profitable companies. This year, Apple has announced the net profit of $60 billion, thereby giving way to the largest oil producer.

Samsung Group

Samsung Group, a technology corporation, turned out to be among three leading companies. This place was ensured by the technogiant's sustainability of capital. Net profit of the company stalled at the level of $35.1. However, experts are confident that there is still every chance for growth.

Alphabet

The fourth position in this ranking is taken by the American technology giant of large business, Alphabet. Analysts predict its successful development in the IT industry. The company's profit amounted to $30.7 billion. Three years ago, Alphabet was the leader among the most profitable organizations in the world, but in competing with Apple, the company lost its previous position.

ExxonMobil

ExxonMobil, an oil-producing corporation, closes the top 5 best among equals. It firmly maintains the position in the list of the most profitable companies in the world. The ExxonMobil oil giant announced $21 billion in revenue. In early 2019, the corporation's total capitalization was $330 billion. The holding company does business all over the world, but the major oil-producing complexes are located in the United States and Canada. ExxonMobil has a lot of branch plants, some of them are in offshore zones.

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Technology giants and oil leaders: world’s five highly profitable companies