The list of the world’s most profitable companies provides insight into which countries have the most global influence and which industries have the most economic leverage.<\/p>\n
In 2019, the top 500 corporations in the world created $33.3 trillion in sales and $2.1 trillion in profit.<\/p>\n
During the pandemic, some of the world’s largest corporations grew, while others shrank.<\/p>\n
After the COVID-19 pandemic wreaked havoc on oil demand in 2020, Saudi Aramco is no longer the world’s most profitable company.<\/p>\n
Apple has now surpassed Aramco as the world’s most profitable company, with a profit of $59 billion in 2020.<\/p>\n
Although market capitalization shows how much it costs to buy a piece of a business today, it’s worth considering whether it represents the company’s objective or intrinsic worth.<\/p>\n
Every one of the ten most profitable companies has its headquarters in the world’s two largest economies, the United States and China: half are American and half are Chinese.<\/p>\n
Moreover, half of the companies on the list are technology firms, while the other half are financial firms.<\/p>\n
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