The World’s 50 Most Profitable Companies

50 most profitable companies of the world in 2020
from Fortune's Global 500 list for 2020

Here is the list of the world’s most profitable companies in 2020:

RankCompanyFortune Global 500 RankProfit ($M)Profit Change
1 Saudi Aramco 6 88211 -20.5%
2 Berkshire Hathaway 14 81417 +1924.8%
3 Apple 12 55256 -7.2%
4 Industrial & Commercial Bank of China 24 45195 +0.4%
5 Microsoft 47 39240 +136.8%
6 China Construction Bank 30 38610 +0.3%
7 JPMorgan Chase & Co. 38 36431 +12.2%
8 Alphabet 29 34343 +11.7%
9 Agricultural Bank of China 35 30701 +0.1%
10 Bank of America Corp. 58 27430 -2.5%
11 Bank of China 43 27127 -0.4%
12 Ping An Insurance 21 21627 +33.2%
13 Alibaba Group Holding 132 21450 +63.8%
14 Intel 138 21048 ---
15 Wells Fargo 69 19549 -12.7%
16 Citigroup 70 19401 +7.5%
17 Verizon Communications 44 19265 +24.1%
18 Toyota Motor 10 19096 +12.4%
19 Gazprom 55 18593 -19.9%
20 Facebook 144 18485 -16.4%
21 Samsung Electronics 19 18453 -53.7%
22 Pfizer 215 16273 +45.9%
23 Royal Dutch Shell 5 15842 -32.2%
24 Volkswagen 7 15542 +8.5%
25 Johnson & Johnson 104 15119 -1.2%
26 Walmart 1 14881 +123.1%
27 Exxon Mobil 11 14340 -31.2%
28 Fannie Mae 53 14160 -11.3%
29 AT&T 22 13903 -28.2%
30 UnitedHealth Group 15 13839 +15.5%
31 Tencent Holdings 197 13507 +13.5%
32 China Merchants Bank 189 13443 +10.4%
33 Roche Group 171 13430 +25.1%
34 Sberbank 240 13060 -1.6%
35 Comcast 63 13057 +11.3%
36 Nestlé 82 12546 +21%
37 China Mobile Communications 65 12145 +3.4%
38 Novartis 225 11732 -7%
39 Cisco Systems 211 11621 +10464.5%
40 Amazon.com 9 11588 +15%
41 Taiwan Semiconductor Manufacturing 362 11452 -4.9%
42 Total 25 11267 -1.6%
43 Home Depot 59 11242 +1.1%
44 Bank of Communications 162 11186 +0.5%
45 Oracle 314 11083 +189.8%
46 Walt Disney 150 11054 -12.3%
47 Rosneft 76 10944 +25.1%
48 Petrobras 120 10151 +41.5%
49 Lukoil 57 9895 +0.3%
50 Merck 256 9843 +58.2%

The ranking of the most profitable companies in the world in 2020 was compiled on the basis of financial statements of the largest corporations by revenue for 2019. That is, this ranking does not reflect the consequences of the global coronavirus pandemic, which caused the so-called corona-crisis in the global economy. We will see the consequences of the coronavirus in the 2021 ranking, which will be published on our website in September 2021. Radical changes in the composition of the most profitable corporations are expected. For example, oil and gas industry profits will be severely reduced due to the dramatic collapse in oil and natural gas prices in the first half of 2020. Accordingly, there will be fewer oil and gas corporations in the 2021 ranking. Air travel, the travel industry in general, and small businesses around the world will be hit hard. However, companies from these sectors usually do not appear in the ranking of the world’s top 50 most profitable companies.

The content of the current ranking can be described as calm and predictable. There are few newcomers. Changes in positions are almost imperceptible. The trend of Chinese and American corporations struggling for global domination on our planet continues. Due to the trade war between the United States and China unleashed by U.S. President Donald Trump, the growth in profits in Chinese state corporations has tended to stagnate. But the hard landing of China's economy, predicted by some respected economists, is still a long way off.


For the second consecutive year, Saudi Aramco, the oil giant of Saudi Arabia, is the world’s most profitable company. It is now a publicly traded company listed on the Saudi Stock Exchange (Tadawul). We were pleasantly surprised by the jump in net profit of Berkshire Hathaway, the brainchild of the legendary American investor Warren Buffett. However, these super-positive results are not a miracle, but just a reflection of unrealized gains from stock investments in Berkshire Hathaway's portfolio. The ranking also includes several German, Japanese, South Korean, Swiss and Russian corporations. Traditionally, American IT giants like Apple, Microsoft, Alphabet (the parent company of Google), Facebook and Amazon.com, the leader of US Internet commerce, reap generous year-over-year profits.

Why is there no Tesla in the list of the 50 most profitable corporations? It’s quite simple: Tesla generates continuous losses every year. But Elon Musk, its founder, is successfully changing our world for the better, promoting the idea of electric vehicles, solar energy, space travel, and the colonization of Mars. As a result, numerous private investors idolize Musk and adore buying Tesla shares, which is driving their prices to cosmic heights. Some people even manage to get rich on such speculations.

Source: Fortune

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