Secy MOEF and CC visits NTPC Dadri PSU NEWS

Secy MOEF and CC visits NTPC Dadri

 

NEW DELHI: The World’s 20 Most Profitable Companies NEW DELHI. The 20 most profitable companies in the world are listed below in order.
 
Rank Company Country Profit per Day
 
1 Saudi Aramco Saudi Arabia $304,039,726
2 Apple United States $163,098,630
3 Industrial & Commercial Bank of China $123,293,973
4 Samsung Electronics South Korea $109,301,918
5 China Construction Bank China $105,475,068
6 JPMorgan Chase & Co.United States $88,969,863
7 Alphabet United States $84,208,219
8 Agricultural Bank of China $83,990,411
9 Bank of America Corp. United States$77,115,068
10 Bank of China China $74,589,589
11 Royal Dutch Shell UK/ $63,978,082
12 Gazprom Russia $63,559,178
13 Wells Fargo United States $61,350,685
14 Facebook United States $60,580,822
15 Intel United States $57,679,452
16 Exxon Mobil United States $57,095,890
17 AT&T United States $53,068,493
18 Citigroup United States $49,438,356
19 Toyota Motor Japan $46,526,027
20 China Development Bank China $45,874,795
 
The Saudi Arabian Oil Company, known to most as Saudi Aramco, is by far the world’s most profitable company, raking in a stunning $304 million of profits every day. When translated to a more micro scale, that works out to $3,519 per second.
 
You’ve likely seen Saudi Aramco in the news lately, though for other reasons. The giant state-owned company has been rearing to go public at an aggressive $2 trillion valuation, but it’s since delayed that IPO multiple times, most recently stating the listing will take place in December 2019 or January 2020. Company-owned refineries were also the subject of drone attacks last month, which took offline 5.7 million bpd of oil production temporarily.
 
Despite these challenges, Saudi Aramco still stands pretty tall — after all, such blows are softened when you churn out the same amount of profit as Apple, Alphabet, and Facebook combined. On an annual basis, Saudi Aramco is raking in $111 billion of profit per year, and that’s with oil prices sitting in the $50-$70 per barrel range.
 
To put this number in perspective, take a look at Chevron. The American oil giant is one of the 20 biggest companies on the S&P 500, but it generated just $15 billion in profit in 2018 and currently sits at a $221 billion market capitalization.


Posted Date :  19-11-19

Categories : PSU NEWS

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