Top 10 World’s Companies with Biggest Income -According to the annual report of Each Company, there are Top 10 World’s Companies with Biggest Income. This rank can give a view relating to the effectiveness and efficiency of all companies in running their businesses in 2020. Based on company performance, these companies are obviously the leader in their own business sectors. In this article, all the data was obtained from the Annual report published by each company.
In the year 2020, it was a difficult phase. Some regions have had an economic recession because of the Covid-19 pandemic. Some business sectors have struggled with this unpredictable condition and disruption, and it obviously impacts the company’s performance. But there are some companies that can survive with these tough conditions, they strive with innovation so it can reduce the potential loss, here are some companies with Biggest Income in 2020.
Table Rank of 10 World’s Companies with Biggest Income
| Rank | Name of Company | Revenue | Revenue | Net Income | Net Income |
|---|---|---|---|---|---|
| Origin Currency | Billion US Dollar | Origin Currency | Billion US Dollar | ||
| 1 | Apple | 274 Billion US Dollar | 274 | 57.5 Billion US Dollar | 57.5 |
| 2 | Saudi Aramco | 204 Billion US Dollar | 204 | 49 Billion US Dollar | 49 |
| 3 | ICBC | 800,075 million RMB | 120 | 317,685 Million RMB | 47 |
| 4 | Softbank Group | 50 Billion US Dollar | 50 | 45 Billion US Dollar | 45 |
| 5 | Microsoft | 143 Billion US Dollar | 143 | 44 Billion US Dollar | 44 |
| 6 | Berkshire Hathaway | 245 Billion US Dollar | 245 | 43 Billion US Dollar | 43 |
| 7 | China Construction Bank | 714,224 million RMB | 107 | 273,579 million RMB | 41 |
| 8 | Alphabet | 182 Billion US Dollar | 182 | 40 Billion US Dollar | 40 |
| 9 | Agricultural Bank of China | 659,332 million RMB | 98 | 216,400 million RMB | 32 |
| 10 | 85 Billion US Dollar | 85 | 29 Billion US Dollar | 29 | |
| Source : Annual Report 2020 | |||||
| Currency Rate : 1 Renminbi (RMB)= 0.15 US Dollar (USD) | |||||
Of the report above, the top-ranking companies with the largest profits are still dominated by oil, technology, and banking companies. From these data, we also deliver data about the assets and liabilities of each company. This data was obtained from the balance sheet of the annual report of the company.
Table Assets and Liabilities of 10 World’s Companies with Biggest Income
| Name of Company | Assets | Assets | Liabilities | Liabilities |
|---|---|---|---|---|
| Origin Currency | Billion US Dollar | Origin Currency | Billion US Dollar | |
| Apple | 323 Billion US Dollar | 323 | 258 Billion US Dollar | 258 |
| Saudi Aramco | 510 Billion US Dollar | 510 | 216 Billion US Dollar | 216 |
| Softbank Group | 413 Billion US Dollar | 413 | 305 Billion US Dollar | 305 |
| ICBC | 33,345,058 million RMB | 5001 | 30,435,543 million RMB | 4565 |
| Microsoft | 301 Billion US Dollar | 301 | 183 Billion US Dollar | 184 |
| Berkshire Hathaway | 873 Billion US Dollar | 873 | 422 Billion US Dollar | 422 |
| Alphabet | 319 Billion US Dollar | 319 | 97 Billion US Dollar | 97 |
| China Construction Bank | 28,132,254 million RMB | 4219 | 25,742,901 million RMB | 3861 |
| Agricultural Bank of China | 27,205,047 million RMB | 4080 | 24,994,301 million RMB | 3749 |
| 159 Billion US Dollar | 159 | 31 Billion US Dollar | 31 | |
| Source : Annual Report 2020 | ||||
| Currency Rate : 1 Renminbi (RMB)= 0.15 US Dollar (USD) | ||||
Brief Description of 10 World’s Companies with Biggest Income
1. Apple
Apple became the World’s Companies with Biggest Income in the year 2020. As we know, Apple is one of the most unique technology companies in revolutionizing the world of technology and the human lifestyle. The existence of the iPhone, iPod, and iPad has changed many people to use their products. They always wait for the innovation and breakthrough that apple can deliver to its consumer all over the world.
The company was founded by Steve Duo, namely Steve Jobs and Steve Wozniak, with the help of Ronald Wayne as an investor in 1976. They worked hard to grow this company and started this company just in the garage. However, during his journey, Steve Jobs abandoned this company because of a dispute with John Sculley, The Marketing Director of Apple. After Steve jobs resign from this company, this company experienced a downtrend. Finally, in the 2000s, Steve Jobs eventually returned to this company and took the company in the right direction, and focused on their vision. He can raise the performance from time to time. With his direction, innovation, and leadership, 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 high 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. According to Apple’s Annual report in 2020, this company earned revenue 273 billion US dollars and a profit of 57.5 billion US dollars.
2. Saudi Aramco
The Saudi Arabian Oil Company (Saudi Aramco) is the 2nd World’s Companies with Biggest Income in 2020. Formerly known as the Arabian American Oil Company, Now Saudi Aramco became the world’s largest oil company from Saudi Arabia. Geographically, the company has its main office in Dhahran, Saudi Arabia. Its oil mining area is abundant 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. On the exploration fields, 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. According to Saudi Aramco Annual Report in 2020, this company earned revenue 204 billion US dollars and net income /profit of 49 billion US dollars.
3. Industrial & Commerce Bank of China
Industrial & Commerce Bank of China became the 3rd World’s Companies with Biggest Income in the year of 2020. According to ICBC annual report in 2020, this Chinese-based bank revenue reached 120 billion US dollars and Profit reached 47 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, Barcelona, Warsaw, and Lisbon. Based on the performance in 2020, ICBC is the biggest bank in the China and world.
4. SoftBank
SoftBank Corp or in Japanese is called Sofutobanku Kabushiki-gaisha which was founded by Masayoshi Son on September 3, 1981. This company has become one of the biggest multinational conglomerates holding companies from Japan. In 2020, based on the 2020 annual report, the company’s revenue reached 50 billion US dollars with a profit of 45 billion US Dollars. Until now, Softbank has invested in some companies, namely Boston Dynamics, T-Mobile US, Alibaba, and Yahoo Japan.
5. Microsoft Corporation
Microsoft is one of the world’s leading companies founded by Bill Gates and Paul Allen on April 4, 1975. The company is headquartered in One Microsoft Way, Redmond, Washington, the U.S. With software products and Windows operating system, the company is becoming more and more global. Until now, this company is still considered as one of the leading companies with Windows operating system products that are widely used for desktop computers. In 2020, the company’s performance showed a positive performance with revenues reaching 143 billion US dollars and profits reaching 44 billion US dollars.
6. Berkshire Hathaway Inc
Berkshire Hathaway is a holding company owning subsidiaries engaged in many diverse business activities. Geographically, Berkshire has its main office in the state of Delaware, and its corporate headquarters is in Omaha, Nebraska. Berkshire and its consolidated subsidiaries employed approximately 360,000 people worldwide at the end of 2020. The key people of this company are Warren Buffet and Charlie Munger. They are the best duo with have many experiences in investing business. As we know, Warren Buffet has a lot of knowledge and experience from Benjamin Graham, one of the prominent investing gurus, in valuing the company. In 2020, Berkshire Hathaway recorded a positive performance with revenue of 245 billion US dollars and a profit of 43 billion US dollars.
7. China Construction Bank
China Construction Bank Corporation (CCB) is a multinational bank founded on October 1, 1954. This bank has its main office in Beijing, China. In 2004, this bank made an Initial Public Offering (IPO) 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 the annual report of 2020, the bank’s revenue reached 107 billion US dollars and profit reached 41 billion US dollars.
8. Alphabet Inc
Alphabet Inc. is a technological company based on Mountain Dew, California which was formed in 2015. This company has some outstanding figures, namely Sergey Brin, Larry Page, Erick Smith, and Sundar Pichai. 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), Capital G (private equity), and GV (venture capital). According to the Annual report of the company, this company earned revenue 182 billion US dollars and profit of 40 billion US dollars.
9. Agriculture Bank of China
Agricultural Bank of China (ABC) or commonly known as AgBank which was formed in 1951 and is headquartered in Dongcheng District, Beijing. This bank is 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 revenue of 98 billion US dollars and a profit of 32 billion US Dollars.
10. Facebook Inc
Facebook, Inc. is a technology company that became the king of social media headquartered in Menlo Park, California, United States. Based on its history, the company was founded by Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. Along with the development of the company’s business, Facebook acquires Instagram in 2012 and WhatsApp in 2014 and strengthen its position as a social media technology. Until 2020, based on the annual report in 2020, the company earned revenues of 85 billion US Dollars and a net profit of 29 billion US dollars.
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Bibliography of Article 10 World’s Companies with Biggest Income
Facebook. 2021. Annual Report 2020. Accessed via https://investor.fb.com/financials/?section=annualreports on September 29, 2021
Softbank. 2021. Annual Report 2020. Accessed via https://group.softbank/en/ir/financials/annual_reports on September 29, 2021
Microsoft. 2021. Annual Report 2020. Accessed via https://www.microsoft.com/investor/reports/ar20/index.html on September 29, 2021
Apple. 2021. Annual Report 2020. Accessed via https://investor.apple.com/investor-relations/default.aspx on
ICBC. 2021. Annual Report 2020. Accessed via http://www.icbc-ltd.com/ICBCLtd/Investor%20Relations/Financial%20Information/Financial%20Reports/ on September 29, 2021
China Construction Bank. 2021. Annual Report 2020. Accessed via http://www.ccb.com/en/investorv3/annualreports/annals.html?ptId=6&ctId=1 on September 29, 2021
Agricultural Bank of China. 2021. Annual Report 2020. Accessed via http://www.abchina.com/en/investor-relations/performance-reports/annual-reports/ on
Alphabet. 2021. Annual Report 2020. Accessed via https://abc.xyz/investor/ on September 29, 2021
Saudi Aramco. 2021. Annual Report 2020. Accessed via https://www.aramco.com/en/investors/reports-and-presentations on September 29, 2021
Berkshire Hathaway. 2021. Annual Report 2020. Accessed via https://www.berkshirehathaway.com/reports.html on September 28, 2021
