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> about $20 a barrel to produce the oil The ten most profitable companies in the world are nine oil companies and Apple. No wonder!
by carapace 7y ago
> about $20 a barrel to produce the oil
The ten most profitable companies in the world are nine oil companies and Apple. No wonder!
- gimmeThaBeet 7y agoWhat year is that? That would make sense for revenue, but while oil and gas bring in a whole lot of money, it's not a stunningly high margin industry. Aramco is probably #1 overall, but the rest of the top 10 should is like, Apple Samsung, and a mix of American and Chinese banks. Then after that you have energy mixed with the rest of the tech players.
- carapace 7y agoIIRC, I read that in a listicle in Economist magazine about three years ago.
- majewsky 7y agoSome short poking around a search engine turns up this 2019 article: https://www.visualcapitalist.com/the-worlds-20-most-profitable-companies/ https://www.visualcapitalist.com/the-worlds-20-most-profitab... Aramco is the only oil company on the top 10. We have Aramco at 1, Apple at 2, Samsung at 4, Alphabet at 7, and the rest is banks, mostly Chinese banks. Places 11-20 are a bit more varied with 3 oil corps, 3 banks, 3 tech companies and Toyota.