Markets

Ranked: The World’s 50 Most Profitable Companies in 2024

Published

1 month ago

January 16, 2025

Dorothy Neufeld

Article/Editing:

Kayla Zhu

Graphics/Design:

Christina Kostandi

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The Most Profitable Companies in the World in 2024

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From Big Tech to energy giants, a select group of corporate titans continues to dominate the financial landscape, generating profits that dwarf the GDPs of some nations.

This graphic visualizes the world’s 50 most profitable companies in 2024, based on data from Fortune. Rankings include public and private companies that report financial data.

Figures represent corporate profits after tax, extraordinary credits, and noncontrolling interests for company fiscal years ended on or before March 31, 2024.

What was the Most Profitable Company in the World in 2024?

Below, we show the top 50 most profitable companies in the world, according to Fortune.

Rank	Company	Profits ($B)	Sector
1	Saudi Aramco	120.7	Energy
2	Apple	97	Technology
3	Berkshire Hathaway	96.2	Financials
4	Alphabet	73.8	Technology
5	Microsoft	72.4	Technology
6	Industrial & Commercial Bank of China	51.4	Financials
7	JPMorgan Chase	49.6	Financials
8	China Construction Bank	47.0	Financials
9	Meta Platforms	39.1	Technology
10	Agricultural Bank of China	38.0	Financials
11	Exxon Mobil	36.0	Energy
12	Johnson & Johnson	35.2	Health Care
13	Toyota Motor	34.2	Motor Vehicles & Parts
14	Bank of China	32.8	Financials
15	Amazon	30.4	Retailing
16	Nvidia	29.8	Technology
17	UBS Group	27.8	Financials
18	Taiwan Semiconductor Manufacturing	27.4	Technology
19	Bank of America	26.5	Financials
20	Petrobras	24.9	Energy
21	HSBC Holdings	23.5	Financials
22	UnitedHealth Group	22.4	Health Care
23	TotalEnergies	21.4	Energy
24	Chevron	21.4	Energy
25	China National Petroleum	21.3	Energy
26	China Merchants Bank	20.7	Financials
27	Stellantis	20.1	Motor Vehicles & Parts
28	Shell	19.4	Energy
29	Deutsche Telekom	19.2	Telecommunications
30	Wells Fargo	19.1	Financials
31	Volkswagen	17.9	Motor Vehicles & Parts
32	Sberbank	17.7	Financials
33	Fannie Mae	17.4	Financials
34	Visa	17.3	Financials
35	Petronas	16.3	Energy
36	Tencent Holdings	16.3	Technology
37	Walmart	15.5	Retailing
38	Mercedes-Benz Group	15.4	Motor Vehicles & Parts
39	Comcast	15.4	Telecommunications
40	China Mobile Communications	15.3	Telecommunications
41	BP	15.2	Energy
42	Home Depot	15.1	Retailing
43	Tesla	15.0	Motor Vehicles & Parts
44	Rosneft Oil	14.9	Energy
45	Novartis	14.9	Health Care
46	Procter & Gamble	14.7	Household Products
47	China National Offshore Oil	14.6	Energy
48	AT&T	14.4	Telecommunications
49	Broadcom	14.1	Technology
50	Lukoil	13.6	Energy

Saudi Aramco was the world’s most profitable company in 2024, recording $120.7 billion in profits last year.

The national oil company of Saudi Arabia was also the sixth-largest company in the world by market capitalization and the most valuable non-U.S. company, as of January 2025.

With the largest proven oil reserves globally, Saudi Aramco’s production costs are $3 a barrel—a fraction of Western oil producers—leading it to generate more profits than any other company in the world.

Coming in at second is Apple, fueled by its high-margin services arm and iPhone sales, generating $97 billion in profits. Warren Buffett’s conglomerate holding company Berkshire Hathaway came in at third, with $96.2 billion in profits.

Berkshire Hathaway also joined the $1 trillion market cap club this August, among the ranks of tech giants like Apple, Microsoft, and Nvidia.

Across the top 50 most profitable companies, 14 are in the financial industry, followed by 12 in energy, and eight in technology.