There was a time recently when the most profitable company bounced between Apple, Microsoft, Amazon and Google. A new report posted yesterday has put that story line to bed for good or at least a decade or two. In 2018 Apple was the #2 most profitable with $US59.5 billion. The #1 company in the world was revealed as Saudi Aramco, according to Moody’s Investor Service, that listed the company’s profit at $US111.1 billion.
The Saudi company’s net profit in fact equaled that of Apple, Google parent company Alphabet and Exxon Mobil combined, according to Bloomberg.
The myth of Apple being the most profitable company in the world is now officially dead. Well, at least until the fossil fuel market collapses.
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