The World’s 50 Most Profitable Companies

50 most profitable companies of the world in 2019
from Fortune's Global 500 list for 2019

Here is the list of the world’s most profitable companies in 2019:

RankCompanyFortune Global 500 RankProfit ($M)Profit Change
1 Saudi Aramco 6 110975 +46.9%
2 Apple 11 59531 +23.1%
3 Industrial & Commercial Bank of China 26 45002 +6.3%
4 Samsung Electronics 15 39895 +9.1%
5 China Construction Bank 31 38498 +7.4%
6 JPMorgan Chase & Co. 41 32474 +32.9%
7 Alphabet 37 30736 +142.7%
8 Agricultural Bank of China 36 30657 +7.4%
9 Bank of America Corp. 58 28147 +54.4%
10 Bank of China 44 27225 +6.7%
11 Royal Dutch Shell 3 23352 +79.9%
12 Gazprom 42 23199 +89.4%
13 Wells Fargo 69 22393 +0.9%
14 Facebook 184 22112 +38.8%
15 Intel 135 21053 +119.3%
16 Exxon Mobil 8 20840 +5.7%
17 AT&T 25 19370 -34.2%
18 Citigroup 71 18045 ---
19 Toyota Motor 10 16982 -24.6%
20 China Development Bank 67 16744 +0.7%
21 Microsoft 60 16571 -21.8%
22 Ping An Insurance 29 16237 +23.2%
23 Fannie Mae 49 15959 +547.9%
24 Verizon Communications 43 15528 -48.4%
25 Johnson & Johnson 109 15297 +1076.7%
26 Chevron 28 14824 +61.2%
27 Volkswagen 9 14323 +9.3%
28 Micron Technology 409 14135 +177.8%
29 SK Hynix 335 14125 +50%
30 HSBC Holdings 99 13727 +27.1%
31 Rio Tinto Group 303 13638 +55.6%
32 Sberbank 255 13269 +3.1%
33 Alibaba Group Holding 182 13094 +35.4%
34 SoftBank Group 98 12728 +35.7%
35 Novartis 201 12611 +63.7%
36 Walt Disney 170 12598 +40.3%
37 PepsiCo 154 12515 +157.7%
38 China Merchants Bank 188 12179 +17.3%
39 Taiwan Semiconductor Manufacturing 363 12044 +6.2%
40 UnitedHealth Group 14 11986 +13.5%
41 Tencent Holdings 237 11901 +12.5%
42 Petronas 158 11868 +35.5%
43 China Mobile Communications 56 11745 +7.4%
44 Comcast 75 11731 -48.4%
45 Total 20 11446 +32.6%
46 Pfizer 198 11153 -47.7%
47 Bank of Communications 150 11131 +7.1%
48 Home Depot 62 11121 +28.9%
49 Unilever 167 11081 +62.4%
50 Roche Group 163 10738 +22.4%

The world’s most profitable company in 2019 was Saudi Aramco, Saudi Arabia's largest taxpayer. The oil and gas giant pushed Apple, the most profitable company in 2018, 2017 and 2016, from the top spot in the rankings. Overall financial reporting data for 2018 on which the 2019 Fortune Global 500 is based, has not yet had time to reflect the negative consequences of the trade war between the United States and China unleashed by U.S. President Donald Trump.

Among the top 50 most profitable companies in the world, Chinese state banks and state corporations are struggling to dominate American IT giants, global oil and gas industry leaders and America’s premier financial corporations. The above list also includes South Korean, Japanese, German, French and Russian companies. Corporate profits are growing along with the growth of the world economy. But a slowdown is already looming on the horizon, and Donald Trump’s imposition of tariffs on Chinese goods and aggressive, market-disrupting tweets are only hastening the onset of a U.S. recession and more of China's retaliatory, no-less-stringent measures against the United States.


Already, due to increased U.S. import duties and the rising wages for Chinese workers, dozens of American, Asian and European transnational corporations (including Apple, Sharp, Dell, Komatsu, GoPro, Foxconn, HP, Nintendo) are withdrawing production en masse from China and moving to Southeast Asia, Mexico, India and Taiwan. Vietnam is particularly benefiting from this trend. Soon, the familiar product inscription “Made in Vietnam” will replace the usual “Made in China”. The devaluation of the Renminbi (RMB) will not reverse this trend, but only add fury to Donald Trump's tweets accusing China of manipulating the exchange rates of its national currency.

A large-scale trade war and a slowing world economy can bring about a sharp reduction in hydrocarbon prices, which will negatively affect the profits of oil and gas companies and budgets Saudi Arabia, Nigeria, Russia, Kazakhstan, etc. It’s likely that the planned IPO of Saudi Aramco will be postponed until better times. In addition, negative consumer expectations in developed countries will worsen sales of new iPhones and iPads. In the near future, only Facebook shareholders shouldn’t fear falling profits, since humanity seems unable to resist sharing content on the world’s number-one social network.

Source: Fortune

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