Tuesday, April 2, 2019

The World's Most Profitable Company

Saudi Arabia’s national oil company was the most profitable company on the planet in 2018, according to a new report. Citing data from Fitch Ratings, Bloomberg News reported that Saudi Arabian Oil Co. — known as Aramco — generated a whopping $224 billion last year, before interest, tax and depreciation.

Apple Inc.was a distant second, with $82 billion in 2018 profits. The next four on the list are all familiar names:

  • Samsung Electronics 
  • Royal Dutch Shell  
  • Alphabet Inc. 
  • Exxon Mobil 

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