To see how well different sectors performed in 2021 compared to 2020, we calculated the difference in annual average profits between the two years.
The biggest increase in profits was seen in the Household Products sector, which more than doubled its year-on-year profits with an increase of $1,002,800,000. This huge profit boom far outperforms any other sector, as companies within the Food, Beverages and Tobacco grouping took second place having increased their average profits by $354,226,667.
Saudi Aramco, Apple, and Microsoft emerged as the most profitable, leading the pack with annual profits of $159.1 billion, $99.8 billion, and $72.7 billion, respectively, according to Business Review.
In 2023, Saudi Aramco, the Saudi Arabian oil giant, raked in the highest net revenue globally, scoring profits of over 247 billion U.S. dollars. Led by its current CEO Amin H.
Apple once again took the top spot on Fortune's list of the most profitable American companies in 2021. The tech giant raked in $94.7 billion in profits last year on revenues of $365.8 billion.
Microsoft has briefly taken the lead over Apple as the most valuable company a handful of times since 2018, including in 2021 when concerns about COVID-driven supply chain shortages hit the iPhone maker's stock price.
In 2023, the Saudi Arabian oil company Saudi Aramco posted the highest net revenue of any company in the world, with profits of over 247 billion U.S. dollars. Apple, Berkshire Hathaway, Microsoft, and Alphabet rounded out the top five spots in the ranking of most profitable companies.
Leading the pack are Saudi Aramco, Apple, and Microsoft, respectively, as the most profitable. Research conducted by growandconvert.com further uncovers that the top three sectors—Energy (24.56%), Financials (23.07%), and Technology (15.54%)—collectively contribute 63% of the profits of these global 500 companies.
Ranking of the 50 most profitable companies worldwide 2023
In 2023, the Saudi Arabian oil company Saudi Aramco posted the highest net revenue of any company in the world, with profits of over 247 billion U.S. dollars.
With nearly 640 billion U.S. dollars in revenue, Walmart topped the ranking of the hundred largest companies globally, followed by Amazon. Walmart was also the largest company in the world based on its number of employees, with some 2.3 million all over the world.
Introduction: My name is Chrissy Homenick, I am a tender, funny, determined, tender, glorious, fancy, enthusiastic person who loves writing and wants to share my knowledge and understanding with you.
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