Whenever it comes to the world’s largest and most profitable companies, the first names that come to our mind are companies like Apple and Microsoft. Additionally, we think that companies from countries that have the largest economies or are most powerful will earn the most profits. but it’s not like that. Come, now let us tell you about the company which earns the highest profit in the world.
Which company is this?
The name of the company we are talking about is Saudi Aramco. This oil producing company is located in Dhahran, Saudi Arabia. In terms of profit, this company has left behind even the biggest companies of the world. Companies like Apple and Microsoft cannot compete with its profits.
how much profit earned
According to the report of Statista, Saudi Aramco, a company working in the oil and energy sector, earned a profit of US $ 247.43 billion in the year 2023. At the same time, Apple, the second company in this list, earned a profit of 114.3 billion US dollars. Berkshire Hathaway is at number three. This company earned a profit of 100.3 billion US dollars in 2023. Whereas, tech giant Microsoft is at fourth position in this list. Microsoft earned a profit of US $ 95.02 billion in the year 2023. After this, Alphabet is at number 5. Google’s parent company Alphabet made a profit of US $ 78.78 billion in 2023.
who owns saudi aramco
Saudi Aramco is owned by the government of Saudi Arabia. This company is completely government owned and is considered the backbone of the economy of Saudi Arabia. Let us tell you, Saudi Aramco, whose full name is Saudi Arabian Oil Company. This company is one of the largest oil production and energy companies in the world.
Aramco deals with oil-gas production, refining and distribution. This company is operated and managed by the government of Saudi Arabia. However, in the year 2019, a small part of the company was made public and it was listed on the Riyadh Stock Exchange (Tadawul). As of today, the price of one of its shares in Riyadh Stock Exchange is 27.50 Saudi Arabian Riyadh.
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