Holy cow! Saudi Aramco has made history by becoming the most profitable company ever, with a whopping $111.1bn in earnings. ExxonMobil came in second with $88.5bn, while Vodafone nabbed third place with $84.2bn. Fannie Mae and Walmart also made the top five, with $84bn and $79.6bn respectively. Talk about raking in the dough!
Largest Corporate Annual Earnings of All Time
As we continue our quest to discover the most profitable business ever, we cannot ignore the companies that have made history with their massive annual earnings. In this article, we will focus on the top five companies that have earned the most in a single year.
1. Saudi Aramco – Oil and Gas
With an astonishing $111.1 billion in earnings, Saudi Aramco tops the list as the most profitable company ever. The state-owned oil and gas company has a monopoly on the country’s oil reserves and is responsible for over 10% of the world’s crude oil production. It is no surprise that the company has been able to generate such massive earnings.
2. ExxonMobil – Oil and Gas
ExxonMobil, the American multinational oil and gas corporation, comes in second with a whopping $88.5 billion in earnings. The company has a strong presence in the United States and has been able to capitalize on the country’s vast oil reserves. ExxonMobil is known for its innovative technology and has been able to streamline its operations to maximize profits.
3. Vodafone – Telecommunications
The British multinational telecommunications company, Vodafone, takes the third spot with $84.2 billion in earnings. Vodafone has a strong presence in Europe and Asia and has been able to capitalize on the increasing demand for mobile communication services. The company has also been able to diversify its portfolio with investments in broadband and television services.
4. Fannie Mae – Financial Services
Fannie Mae, the American government-sponsored enterprise, comes in fourth with $84 billion in earnings. The company is responsible for providing liquidity to the mortgage market and has been able to generate massive profits through its investments in mortgage-backed securities. However, Fannie Mae’s earnings were short-lived as the company faced financial difficulties during the 2008 financial crisis.
5. Walmart – Retail
Walmart, the American multinational retail corporation, takes the fifth spot with $79.6 billion in earnings. Walmart has a strong presence in the United States and has been able to expand its operations globally. The company is known for its low prices and has been able to generate massive profits through its efficient supply chain management.
In conclusion, the companies that have made it to the top of the list of the most profitable businesses ever have been able to capitalize on their respective industries and innovate to maximize profits. While these earnings may seem astronomical, it is important to note that they are a result of years of hard work, dedication, and strategic planning. As entrepreneurs, we can learn from these companies and strive to create businesses that are not only profitable but also make a positive impact on society.
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