The Most Profitable Companies in the World #SaudiAramco #AAPL
*Graphic shows 2018 net income of publicly listed companies (in billion U.S. dollars)
Link to original infographic: https://www.statista.com/chart/17545/worlds-most-profitable-companies/
Apple WAS known as the world’s most profitable company. However, Saudi state oil company Saudi Aramco disclosed company reports with US$111.1 billion in earnings in 2018, far surpassing competitors. https://www.economist.com/business/2019/04/06/saudi-aramco-made-a-111bn-profit-in-2018
The Saudi company’s net profit equaled that of Apple, Google parent company Alphabet and Exxon Mobil combined, according to Bloomberg. Saudi Aramco’s accounts had remained mostly secret since the company was nationalized in the 1970s.
Saudi Aramco’s IPO has been rescheduled for 2021.