Based on a review conducted by 24/7 Wall St., corporate profits in the US reached $1.8 trillion for the second quarter of the year. In the whole world, most of the profitable business companies are based in the United States. The top 10 profitable companies contribute a total of $223.2 billion profits in 2014. Other countries around the world also experienced high increase in corporate profits.
Top 10 Companies Based On Profitability
- Apple Inc.
Based in the US, Apple Inc. (AAPL) earned a total of $39.5 billion from continued operation with total revenue of $182.8 billion. Already an established brand for almost a decade now, Apple is well-known for their breakthrough products that made big changes to technologies we are using today. This rapidly-growing multinational company developed some of the most common consumer electronic products we are using like the iPhone, iPad, Mac, and iPod. With its market cap of approximately $672 billion, Apple is also the largest company in the world.
- Exxon Mobil Corporation
Exxon Mobil Corporation (XOM) is the largest and most profitable oil company in the world today with earnings from continued operation of about $33.6 billion and total revenue of $369.4 billion. Also based in the US, Exxon is also second to Apple in terms of market cap which is $405 billion making it the second largest company in the world.
- Samsung Electronics Co. Ltd.
This brand has been competing directly with Apple’s market and based on some market research, the brand actually outsold the iPhone in 2014. Based in South Korea, Samsung is now the largest company in South Korea with profits from continued operations of about $21.4 billion and total revenue of $188.9 billion.
- Berkshire Hathaway Inc.
Based in the US, this is the flagship company of Warren Buffet, one of the most famous and top investors in the country. Earning a total of $20.2 billion in continued operations, the company reached total revenue of $189.7 billion.
- Chevron Corporation
Ranked 3rd on the Fortune 500, this oil company earned a total of $19.3 billion from its continued operations and $192.3 billion in total revenue. Also based in the US, Chevron’s earnings actually declined for the past 3 fiscal years due to the decreasing oil prices.
- Toyota Motor Corporation
One of the largest car companies in the world today, Toyota earned a total of $19.2 billion in continued operations and $227 billion in total revenue. This car company is based in Japan and has always been vying for the top spot as the world’s top car companies against 2 other largest, rival car companies in the world such as the VW and GM.
- PetroChina Co. Ltd.
With total earnings of $19.2 billion in continued operations and $368.1 billion in total revenue, this company is based in China and is controlled by the state-owned China National Petroleum Corporation. Just like most of its rival oil companies, PetroChina also suffered declines in earnings for the past fiscal years due to the falling oil prices.
- China Mobile Limited
With Hongkong as the largest wireless market in the world today, it is also understandable that the largest wireless service provider is also based in the country. China Mobile Limited earned a total of $17.6 billion from continued operations and total revenue of $103.4 billion.
- Wal-Mart Stores Inc.
Although it is the top company in terms of revenues, it is only ranked 9 in terms of profitability with its total earnings of $16.8 billion from continued operations. Its total revenue is a whopping $485.7 billion.
- Johnson & Johnson
Johnson & Johnson completes the top 10 list with its earnings from continued operations of about $16.3 billion and total revenue of $74.3 billion. Some of its most popular consumer products are Band-Aid, Tylenol, Motrin, and Listerine.