Aramco tops world’s most profitable companies

17/01/2025 Argaam

The technology, energy, and financial sectors dominated the list of the world's most profitable companies in 2024, led by Saudi Aramco that outperformed Apple, according to a report by Visual Capitalist.

 

A select group of corporate titans continues to dominate the financial landscape, generating profits that dwarf the GDPs of some nations, based on data from Fortune.

 

Figures represent corporate profits after tax, extraordinary credits, and non-controlling interests for company fiscal years ended on or before March 31, 2024.

 

Aramco tops world’s most profitable companies

 

Saudi Aramco was the world’s most profitable company in 2024. The national oil company of Saudi Arabia was also the sixth-largest company in the world by market capitalization and the most valuable non-US company, as of January 2025.

 

Coming in at second is Apple, fueled by its high-margin services arm and iPhone sales.

 

Berkshire Hathaway also joined the $1 trillion market cap club this August, among the ranks of tech giants like Apple, Microsoft, and Nvidia.

 

Top 20 Most Profitable Companies

Rank

Company

Profits ($B)

Sector

1

Saudi Aramco

120.7

Energy

2

Apple

97.0

Technology

3

Berkshire Hathaway

96.2

Financials

4

Alphabet

73.8

Technology

5

Microsoft

72.4

Technology

6

Industrial & Commercial Bank of China

51.4

Financials

7

JPMorgan Chase

49.6

Financials

8

China Construction Bank

47.0

Financials

9

Meta Platforms

39.1

Technology

10

Agricultural Bank of China

38.0

Financials

11

Exxon Mobil

36.0

Energy

12

Johnson & Johnson

35.2

Health Care

13

Toyota Motor

34.2

Motor Vehicles & Parts

14

Bank of China

32.8

Financials

15

Amazon

30.4

Retailing

16

Nvidia

29.8

Technology

17

UBS Group

27.8

Financials

18

Taiwan Semiconductor Manufacturing

27.4

Technology

19

Bank of America

26.5

Financials

20

Petrobras

24.9

Energy

 
Source: Visual Capitalist

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