The world has always been and will always be in a constant growth and change. It gives chances and opportunities and it is up to the members of the earth to take them up in making the world a better place and one of the ways is by creating wealth. Establishing systems that run by taking in raw materials, churning it and producing meaningful and valuable results that are effectively better than the in products. This is why companies and corporations are formed.
To make use of resources and opportunities to yield profit and growth that ideally should sustain and support the general ecosystem. The earth’s opportunities and resources come in various forms and shapes that take the covers of different business paths. In this article, we will be looking at the top 10 most profitable companies that have used up their resources and produced outstanding results.
1. Saudi Aramco/ Saudi Arabian Oil Company
Based in Saudi Arabia, the government owned Saudi Aramco is the most profitable company in the world and has been long standing at the top claiming huge profits that can be converted to an outstanding 305 million dollars in profit per day. It is an oil producing company that manages 337 billion barrels of oil equivalent and has been in operation for 87 years. The company recorded its latest profits standing at a value of $111 billion.
2. Apple
The giant computer technology company based in the United States of America ranks second on the top 10 most profitable companies. Apple products are globally valued for their high technology, usability and indeed its brand. Since its establishment by founder Steve Jobs in 1976 the company has always been improving on their technology and developing new products for the market. The iPhone is one of its highest selling products and gained a global reputation of high quality. The company recorded its latest profits standing at a value of $60 billion.
3. Industrial and Commercial Bank of China
This is a Chinese banking company that setting up branches in many countries since 1984. It is a public or government owned bank that offers financial services to the public. The bank recorded its latest profits standing at a value of $46 billion.
4. Samsung Electronics
The South Korean based electronics company has been in operation since 1969 and has a huge command on the global market share. Producing high quality electronics such as high technology mobile phones, refrigerators and television sets just to mention a few, Samsung Electronics is a household name in many countries across the globe. The company recorded its latest profits standing at a value of $40 billion.
5. China Construction Bank
This is one of the top 4 banks in China, a public company that offers financial services through its tens of thousands of branches across the country and beyond. The bank recorded its latest profits standing at a value of $39 billion.
6. JPMorgan Chase and Company
This is the biggest bank in the United States of America and has been in operation for more than 180 years. It is a talent driven company that is always aiming at supporting the community. It recorded its latest profits standing at a value of $32 billion.
7. Alphabet
Based in the United States of America, Alphabet Google’s parent company ranks seventh in the top 10 most profitable companies list. It has become a household name providing vibrant services and job opportunities to many people across the globe including programmers and data scientists.
Alphabet has grown tremendously in its market base in the past 3-4 months owing to the need to be mobile and operate remotely. It has provided products such as Google Classroom that allows for students to hold classes and submit assignments, projects and theses and Google Meet that facilitates the need for online meetings. The company recorded its latest profits standing at a value of $31 billion.
8. Agricultural Bank of China
This is a public company ranking 8th and is considered one of the top 4 banks in China. It is invested in the provision of financial services including mortgages and credit cards to the public. The bank recorded its latest profits standing at a value of $30 billion.
9. Bank of America
This multinational government owned bank offers financial services to the public through its established branches across the country and beyond including the United Kingdom and in China. The bank recorded its latest profits standing at a value of $28 billion.
10. Bank of China
Established in 1912, Bank of China is one of the top 4 banks in China having a worldwide reach in offering varied financial services. The bank recorded its latest profits standing at a value of $27 billion.
