10 World’s most profitable companies in the world in 2019

There are 10 World’s most profitable companies in the world in 2019 According to the Global Fortune 500. This indicator can give a view relating to the effectiveness and efficiency of all companies in running their businesses. Based on company performance, these companies are obviously the leader in their respective fields of business. In this article, all of the data was obtained from the Fortune 500, which grades global worldwide companies in 2019.

 World’s most profitable companies : Agreement with Money background

The 2019 Fortune 500 report is based on the annual report of each company for 2018. This ranking is based on the amount of profit obtained by each company. The highest rank is absolutely the company with the largest profit than the others. it can be said that the higher the company’s profits, the higher the company’s ranking. Here are descriptions of some of the companies with the highest-ranking based on the size of the profits from the Global Fortune 500 reports.

Table of World’s most profitable companies by Fortune in 2019.

RankName of CompanyProfit
(US Dollar)
1Saudi Aramco 110,97 Billion
2Apple59,53 Billion
3Industrial & Commerce Bank of China 45,00 Billion
4Samsung Electronic39,89 Billion
5China Contruction Bank 38,49 Billion
6JP Morgan Chase & Co32,47 Billion
7Alphabet30,73 Billion
8Agricultural Bank of China 30,65 Billion
9Bank of America 28,14 Billion
10Bank of China 27,27 Billion
Source : Fortune 500

Of the report above, the top-ranking companies with the largest profits are still dominated by oil, technology, and banking companies. From this list, Saudi Aramco is still the biggest one with its outstanding performance because it generates a larger profit than other companies. The following is a description of the business and operations of the company with the highest profit in 2019. 

1. Saudi Aramco

 World’s most profitable companies : Saudi Aramco Logo

The Saudi Arabian Oil Company (Saudi Aramco) was named the World’s most profitable companies according to the Global Fortune 500 in 2019. The company formerly known as the Arabian-American Oil Company is the world’s largest oil company and the largest from Saudi Arabia. The company is based in Dhahran, Saudi Arabia. Its oil mining area is very rich in oil resources because it has reserved oil of more than 270 billion barrels. In 2018, its oil production is the largest in the world. According to Forbes data, the company’s oil production reaches 12.5 million barrels per day. On the exploration area, Saudi Aramco also operates the Ghawar Field, the largest onshore oil field in the world, and the Safaniya Field, the largest offshore oil field in the world.

On December 11, 2019, this company conducted an initial public offering on the Tadawul Exchange, Saudi and raised around IDR 412 trillion (1 USD = IDR 14,000) and made it the largest IPO beating Alibaba in 2014 which raised 350 trillion funds (1 USD = IDR 14,000). In 2019, according to a report from Fortune, this company earned a profit of 110.97 billion USD / 1,553 trillion rupiah (1 USD = 14,000 IDR).

2. Apple

 World’s most profitable companies : Apple Logo

Apple is the 2nd World’s most profitable companies according to the Global Fortune 500 in 2019. When viewed from its contribution, Apple is one of the most important technology companies in revolutionizing the world of technology and the human lifestyle. The existence of the iPhone, iPod, and iPad has attracted many people to use their products and do not hesitate to pay a large amount of money to get their products.

The company was founded by Steve Duo, namely Steve Jobs and Steve Wozniak, and Ronald Wayne in 1976. This duo worked for hand in hand with the help of several investors to grow this company. However, during his journey, Steve Jobs abandoned this company because of a dispute with John Sculley, who was then Apple’s Marketing Director. Steve Jobs did not have the support of the board of commissioners and had to hand over his chair to John Sculley. Steve Jobs eventually returned to this company in the 2000s and took the company in the right direction and focused on their vision. The superiority and competitiveness of this company became evident under his control. Many products are selling well in the market that started with the iPod (music player) product. Since the sale of the best-selling iPod, many other products are also in demand

In 2011, Steve Jobs as CEO passed away leaving the company in a question mark to continue the positive trend in the future. However, under the control of the new CO, Tim Cook, this company was able to maintain its presence in the world of technology. Based on data from Fortune, this company earned a profit of 59 billion US Dollar and placed it as the 2nd most profitable company in the world.

3.  Industrial & Commerce Bank of China

 World’s most profitable companies : ICBC Logo

Industrial & Commerce Bank of China is one of the World’s most profitable companies Chinese banks in the world. According to Fortune, the bank’s total profits reached 45 billion US dollars. Historically, this bank was founded in 1984 and is still a state-owned company with share ownership of about 70% of the Chinese government. In 2006, the company conducted an IPO simultaneously on the Hong Kong Stock Exchange and the Shanghai Stock Exchange. Globally, this bank has also opened branches in cities in Europe, namely Paris, Amsterdam, Brussels, Milan, Madrid, Barcelona, ​​Warsaw, and Lisbon. Until 2019, this bank has 8,098 corporate customers and 650 million individual customers worldwide

4. Samsung Electronic

 World’s most profitable companies : Samsung Logo

Samsung Electronics is a world-class electronics company founded in 1969 on the initiative of Lee Byung-Chul who is also the founder of the Samsung Group. Until now, along with the development of the company’s business, various electronic products such as smartphones, LEDs, home appliances, and various other electronic products have been produced and sold throughout the world. Apart from the various products above, this company also manufactures and markets electronic components such as lithium-ion batteries, semiconductors, image sensors, modules, and display cameras for business clients such as Apple, Sony, HTC, and Nokia.

Along with the development of the company’s business, this company has built technology that is able to provide solutions to human problems and increase the efficiency and effectiveness of human work. Until now, the company is headquartered in Samsung Digital City, Samsungno 129, Maetan-dong, Yeongtong District, Suwon, South Korea. According to fortune data for 2019, this company earned a profit of 39.89 billion US dollars.

5. China Construction Bank

 World’s most profitable companies : China Construction Bank Logo

China Construction Bank Corporation (CCB) is a multinational bank founded on October 1, 1954, and headquartered in Beijing, China. In 2004, this bank made an initial public offering on the Hong Kong Stock Exchange and continued in 2007, conducted an IPO on the Shanghai Stock Exchange. In terms of ownership structure, the bank’s largest shareholder is still controlled by the Chinese Government.

Operationally in line with the company’s business development, this bank has opened branches in several countries in the world such as London, Luxembourg, New York, Macao. According to fortune data, the bank’s profit reached 38.49 billion US dollars.

6. JP Morgan Chase & Co

 JP Morgan Logo

JP Morgan Chase is a Holding multinational investment bank and financial services company from the United States headquartered in New York, United States. This company was formed in 2000 which is a combination of several banks namely Chase Manhattan Bank, J.P. Morgan & Co., Bank One, Bear Stearns and Washington Mutual. In 2019, according to a report from Fortune, JP Morgan Chase’s profit was 32.47 billion US Dollars or 454 trillion Rupiah. From an operational perspective, the company’s business activities are divided into investment banking, asset management, private banking, private wealth management, and treasury services divisions.

7. Alphabet

  Alphabet Logo

Alphabet Inc. is a multisector company based in Mountain Dew, California which was formed in 2015. This company has 2 outstanding figures, namely Sergey Brin and Larry Page. These two people became the central figures in forming Google Inc, which is one of the world-class feelings of the internet. In addition to owning Google, this company also runs companies such as X Development, Calico (biotechnology research), Nest (Home automation), Verily (health care and biotechnology), Fiber, Makani (wind power), CapitalG (private equity), and GV (venture capital). According to Fortune Data, this company earned a profit of 30.73 billion US dollars.

8. Agriculture Bank of China

 World’s most profitable companies : Agriculture Bank of China Logo

Agricultural Bank of China (ABC) or commonly known as AgBank which was formed in 1951 and headquartered in Dongcheng District, Beijing. This bank is actually a merger between the Farmers Bank of China and the Cooperation Bank. Apart from operating in China, this bank has also opened branches in various countries in the world such as Hong Kong, London, Tokyo, New York, Frankfurt, Sydney, Seoul, and Singapore. In 2010, the bank conducted an IPO on the Shanghai Stock Exchange and the Hong Kong Stock Exchange. However, the shareholders of this bank are still controlled by the Chinese government. According to data from Fortune, this bank recorded a profit of 30.65 billion US Dollars.

9.  Bank Of America (BofA)

 World’s most profitable companies : Bank of America Logo

Bank Of America is an investment bank and banking service provider founded in 1998 which was a merger between Bank America and Nations Bank. Until now, this institution is headquartered in Charlotte, North Carolina. According to data from Fortune, the company earned a net profit of 28.14 billion US dollars

10 Bank of China

 World’s most profitable companies : Bank of China Logo

Bank of China was formed in 1912 in Beijing China and is one of the 4 largest banks in China. In 2006, the Bank conducted an IPO on the Shanghai Stock Exchange and the Hong Kong Stock Exchange. However, the largest owner of this Bank is the Government of China. In terms of operations, this bank has also opened branches in various cities in the world such as Hong Kong, New York, Paris, Toronto, Bangkok, Tokyo, Singapore, Karachi, and various cities in the world. According to data from Fortune, Bank of China earned a profit of 27.27 billion US dollars.

Source of Article World’s most profitable companies :

Fortune. 2020. Global 500. Retrieved from

Forbes. 2020. The World’s 25 Biggest Oil Companies Retrieved from

Wikipedia. 2020. Saudi Aramco. Retrieved from

Saudi Aramco. 2020. Annual Report 2018 Retrieved from

ICBC. 2020. Annual Report 2018.  Retrieved from

Apple. 2020. Annual Report 2018/ Form 10-K. Retrieved from

Wikipedia. 2020. Apple Inc. Retrieved from

Wikipedia. 2020. Industrial and Commercial Bank of China Retrieved from

Samsung Electronic.2020. Consolidated Financial Statement  2018 Retrieved from

Wikipedia. 2020. Samsung Electronic. Retrieved from

Wikipedia. 2020. China Construction Bank. Retrieved from

Wikipedia. 2020. Bank of China. Retrieved from

Wikipedia.2020. Bank of America. Retrieved from

Wikipedia. 2020. JP Morgan Chase. Retrieved from

Wikipedia. 2020. Alphabet Inc. Retrieved from

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