Big companies around the world are reaping the benefits of a strong global economy, with many raking billions of dollars in profits. Given the significant volatility in financial markets, the world’s largest companies provide relative security for investors. Remember, a company may be valuable and sometimes even overvalued but generate less income than a lesser valued company.
Here are the top 20 most profitable companies in the world.
Rank | Company | Profits |
1. | Saudi Aramco | $88.21 billion |
2. | Berkshire Hathaway | $81.42 billion |
3. | Apple | $55.26 billion |
4. | Industrial & Commercial Bank of China | $45.19 billion |
5. | Microsoft | $39.24 billion |
6. | China Construction Bank | $38.61 billion |
7. | JPMorgan Chase | $36.43 billion |
8. | Alphabet | $34.34 billion |
9. | Agricultural Bank of China | $30.70 billion |
10. | Bank of America | $27.43 billion |
11. | Bank of China | $27.13 billion |
12. | Ping An Insurance | $21.63 billion |
13. | Alibaba Group Holding | $21.45 billion |
14 | Intel | $21.05 billion |
15. | Wells Fargo | $19.55 billion |
16. | Citigroup | $19.40 billion |
17. | Verizon Communications | $19.27 billion |
18. | Toyota Motor | $19.10 billion |
19. | Gazprom | $18.60 billion |
20. | $18.49 billion |