Wednesday March 8, 2023: $152.87 +$1.27 +0.84%
Mar 8, 2023 2:33:13 GMT -8
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Post by Dave on Mar 8, 2023 2:33:13 GMT -8
Good morning. This morning’s pre-market is green at +0.01% at this moment. Enjoy the day.
10 Most Profitable Companies in the World
Wednesday, March 8
Petrobras (PBR), Woodside Energy Group (WDS), Prudential Public Limited Co. (PUK), Brown Forman Corp. (BF.A), KE Holdings Inc. (BEKE), and Campbell Soup Company (CPB) report earnings
JOLTS Report (Jan)
U.S. Imports and Exports (Jan)
ADP National Employment Report (Feb)
Day 2 of Fed Chair Powell’s Congressional Testimony
China Inflation Rate (Feb)
Petrobras (PBR), Woodside Energy Group (WDS), Prudential Public Limited Co. (PUK), Brown Forman Corp. (BF.A), KE Holdings Inc. (BEKE), and Campbell Soup Company (CPB) report earnings
JOLTS Report (Jan)
U.S. Imports and Exports (Jan)
ADP National Employment Report (Feb)
Day 2 of Fed Chair Powell’s Congressional Testimony
China Inflation Rate (Feb)
10 Most Profitable Companies in the World
AAPL, MSFT, and GOOG lead the 10 most profitable companies list
By MATTHEW JOHNSTON Updated March 08, 2023
Reviewed by THOMAS BROCK
Fact checked by VIKKI VELASQUEZ
The list of the world's most profitable companies offers a glimpse of which countries wield the most economic power and the sectors with the most economic influence. The world's largest two economies by far, the U.S. and China, are headquarters for every one of the 10 most profitable companies. Equally important, a majority of companies on the list are financial service firms, though technology and energy firms also place well.
KEY TAKEAWAYS
-The three most profitable companies in the world are technology firms.
-Half of the top 10 most profitable companies were in the financial services industry.
-ExxonMobil and Shell are the two oil and gas producers among the most profitable companies.
-Half of the companies on this list are headquartered in the United States, with four companies having their headquarters in China.
-Apple was the most profitable company in 2022, yielding just under $100 billion of net income.
Only companies listed on U.S. or Canadian exchanges, either directly or through ADRs, are included in this list. Saudi Aramco, Saudi Arabia's state oil company, for example, went public on the Saudi Stock Exchange in December 2019.
It would have been among the world's 10 most profitable companies, and would have even topped the list in previous years.
Notably, the three most profitable companies in the world are technology firms. As opposed to prior years, all technology firms in the top 10 are from the U.S. The technology sector is comprised of companies that manufacture computers and electronics, develop software, and provide services relating to information technology, such as cloud computing and e-commerce.
Four out of the five financial companies on the list are based in China, most of them receiving major financial support from China's central government. The financial sector is comprised of banks, investment companies, insurance companies, and real estate firms. These companies offer a range of financial services, including deposits, loans, investment and wealth management, insurance, and brokerage services.
These are the 10 most profitable companies by 12-month trailing (TTM) net income. Some companies outside the U.S. report profits semi-annually instead of quarterly, so the 12-month trailing data may be older than it is for companies that report quarterly. Data is courtesy of YCharts.com.
All figures are as of January 11, 2023.
By MATTHEW JOHNSTON Updated March 08, 2023
Reviewed by THOMAS BROCK
Fact checked by VIKKI VELASQUEZ
The list of the world's most profitable companies offers a glimpse of which countries wield the most economic power and the sectors with the most economic influence. The world's largest two economies by far, the U.S. and China, are headquarters for every one of the 10 most profitable companies. Equally important, a majority of companies on the list are financial service firms, though technology and energy firms also place well.
KEY TAKEAWAYS
-The three most profitable companies in the world are technology firms.
-Half of the top 10 most profitable companies were in the financial services industry.
-ExxonMobil and Shell are the two oil and gas producers among the most profitable companies.
-Half of the companies on this list are headquartered in the United States, with four companies having their headquarters in China.
-Apple was the most profitable company in 2022, yielding just under $100 billion of net income.
Only companies listed on U.S. or Canadian exchanges, either directly or through ADRs, are included in this list. Saudi Aramco, Saudi Arabia's state oil company, for example, went public on the Saudi Stock Exchange in December 2019.
It would have been among the world's 10 most profitable companies, and would have even topped the list in previous years.
Notably, the three most profitable companies in the world are technology firms. As opposed to prior years, all technology firms in the top 10 are from the U.S. The technology sector is comprised of companies that manufacture computers and electronics, develop software, and provide services relating to information technology, such as cloud computing and e-commerce.
Four out of the five financial companies on the list are based in China, most of them receiving major financial support from China's central government. The financial sector is comprised of banks, investment companies, insurance companies, and real estate firms. These companies offer a range of financial services, including deposits, loans, investment and wealth management, insurance, and brokerage services.
These are the 10 most profitable companies by 12-month trailing (TTM) net income. Some companies outside the U.S. report profits semi-annually instead of quarterly, so the 12-month trailing data may be older than it is for companies that report quarterly. Data is courtesy of YCharts.com.
All figures are as of January 11, 2023.