As the pandemic filliped the world economy this year, and we even can’t see the end of the crises, we have thought to collect and show you the 9 most profitable companies in the world in 2020. Insider Monkey have made the research work for you, so stop surfing and check out the compilation with us. We can see there is a difference between the biggest companies in the world and the most profitable ones. If we think of Amazon, without a shadow of a doubt it’s one of the largest companies, but not the most profitable one. Naturally it doesn’t mean that these two features can’t be typcal of the same company, as you will see companies among the largest and the most profitable ones, as well.
As a matter of fact 70% of the companies below are from the US, but you can find companies from Russia, Saudi Arabia and of course China. Acutally, the Saudi Arabian Oil Company, or Aramco as it’s well-known, hit the top of this list with its outstanding profit. And now, without any delay, let’s have a look into the world of the 9 most profitable companies in the world in 2020.
9. Gazprom PAO (MCX:GAZP)
Gazprom is a well-known company in Europe, too, as it’s a Russian one. It earned an amazing $22.7 billion and 6.54% on assets.
8. Facebook (NASDAQ:FB)
Facebook… Without a shadow of a doubt, Facebook is the most famous and popular social media on the internet. Millions of people use it every single minute, so it’s not surprising to be on this list. It earned $21 billion and 15.17% return on assets.
7. Intel (NASDAQ: INTC)
When it comes to computers, Intel is one of the most famous company across the globe. It earned $22.7 billion and 15.37% return on assets.
6. Alibaba (NYSE:BABA)
Alibaba is one of the companies on this list that is not United States-based. It was launched by Jack Ma. It’s involved extremely large number of ecommerce transaction, and it hit the top on Black Friday, with an outstanding $38 billion in a single day.
5. Alphabet (NASDAQ: GOOGL)
We are half way on our list of 9 most profitable companies in the world in 2020. Its profit was $34.5 billion and 12.62% on assets.
4. Berkshire Hathaway (NYSE:BRK-B)
This conglomerate, owned by one of the richest men across the globe, Warren Buffet, has several major firms, such as Duracell, or Dairy Queen, and has minority inretests companies such as Coca Cola, Apple, Bank of America. It earned $81.4 billion, and 9.95% on assets.
3. Microsoft (NASDAQ: MSFT)
I think it’s natural that Microsoft is in the top three companies when it comes to the most profitable firms in the world. Its profit was $46.3 billion and 16.22% return on assets.
2. Apple (NASDAQ: AAPL)
Who would be surprised that Apple is on the second spot on our list. This company earned $57.2 billion in profits and an incredible 17.85% return on assets.
1. Saudi Arabian Oil Company (Saudi Aramco) (Tadawul: 2222)
The Saudi Arabian Oil Company, or Aramco hits the top on the list of 9 most profitable companies in the world in 2020. Aramco’s profit reached the $88.2 billion.