10 Of The Most Profitable Companies In The World

The companies in the world that bring in the most revenue are those selling easily recognizable products and services, and typically have easy to spot slogans and other brand images as well. Curious about what companies hit the perfect formula for their products and services as well as branding and found themselves incredibly profitable? Want to know exactly why these companies found their astronomical success? Start reading to find out!

Industrial and Commercial Bank of China

Industrial and Commercial Bank of China is a leader in the diversified bank industry, with a net income of 42.7 billion dollars from the company's continuing operations. Government policy is a large part of the reason why Industrial and Commercial Bank of China is so successful. In 2010, a product marketed as 2010 China Credit was not entirely guaranteed by the bank, so government pressure forced the bank to lend money from an asset manager to bail customers out who purchased the product. Even though products like these are financially risky, they could mean large profits in the future, as is clear in the case of this bank.

Continue reading for information on the company inspired by a piece of fruit.

Apple

The net income from continuing operations for Apple is thirty-seven billion dollars, and the company's revenue is approximately 170.9 billion dollars. The financial success of Apple is largely due to the iPhone, one of the company's most popular products. It all started in 2007 with the launch of the first iPhone, where Steve Jobs, Apple's Chief Executive Officer at the time, reportedly made a prank call to a local Starbucks, ordering four thousand lattes. The first weekend the iPhone 6 and iPhone 6 Plus were introduced, in September 2014, ten million units were sold. There is a new model of iPhone nearly every year or two now, with many other products such as iPads, MacBooks, and the Apple Watch. There's no stopping this technology giant!

Continue reading to learn about a Russian leader in gas and oil.

Public Joint Stock Company Gazprom

Public Joint Stock Company Gazprom, often shortened to PAO Gazprom, is a Russian company founded in 1989 and deals with the sale, production, transport, and extraction of natural gas. It is truly a leader in the natural gas industry with a revenue of over ninety-one billion dollars as of 2016. PAO Gazprom claims its share in the Russian and global gas reserves are seventy-two and seventeen percent respectively. Furthermore, they account four sixty-six percent of the national gas output and eleven percent of the global gas output. Beyond its operations within Russia, PAO Gazprom exports gas to over thirty other countries.

Continue reading for the details on a lucrative Chinese bank, another competitor in the diversified bank industry.

China Construction Bank

China Construction Bank, one of the big four banks in the People's Republic of China, is another driving force in the diversified bank industry, with a net income from its continuing operations reaching 34.9 billion dollars. China Construction Bank also reported more than sixty-four billion dollars in net interest income. The company is primarily state-owned, like most Chinese banks. In 2015, China Construction Bank was the sixth largest company in the entire world and the second largest bank according to market capitalization. In total, this bank has 13,629 domestic branches, as well as overseas branches in a variety of locations, including New York City, Tokyo, Barcelona, Auckland, Kuala Lumpur, and Sydney.

Bounce back over to the gas industry and read about one of the most recognizable companies out there.

ExxonMobil

ExxonMobil, headquartered in Texas, is one of the most recognizable names in gas and integrated oil. It was founded in November 1999 as a result of a merger between the former Standard Oil Company of New Jersey (Exxon) and the former Standard Oil Company of New York (Mobil). ExxonMobil boasts revenue of around 237.1 billion dollars as of 2017. It is no wonder, considering it has roughly thirty-seven oil refineries in a total of twenty-one countries and combined has a daily refining capacity of over six million barrels. This makes it the largest refiner in the world!

Head back to the electronics industry to learn about the next formidable giant.

Samsung Electronics

Samsung Electronics, which was founded January 31st, 1969 and is based in Suwon, South Korea, has sales networks and assembly plants in eighty countries and employs well over 300,000 individuals. In July 2017, Samsung surpassed Intel as the largest semiconductor chip maker in the entire world. It took the crown of the world's largest television manufacturer in 2006, and the largest mobile phone manufacturer in the world in 2011. All of this has contributed to its 2017 revenue of a whopping 206.49 billion dollars.

Continue reading and bounce back to the banking industry with another giant Chinese bank. Ready?

Agricultural Bank of China

Agricultural Bank of China, also commonly referred to as AgBank, is another one of the big four banks in China. Headquartered in Beijing, AgBank was founded in 1951 and has numerous branches outside of China, including in Seoul, Sydney, Tokyo, New York, London, and Frankfurt. AgBank is a diversified bank with over sixty-seven billion dollars in revenue annually and held the record for the largest IPO in history until this title was recently taken over by Alibaba. Agricultural Bank of China has benefited greatly from China's financial decision in the 1990s to establish asset management companies that purchase bad loans from the banking system of China.

Continue reading to reveal yet another Chinese bank making big ways in the industry.

Bank of China

Bank of China, founded in 1912, is one of the four largest state-owned commercial banks in China and remains the oldest bank in mainland China today. It boasts annual revenue of upwards of 64.7 billion dollars and as of 2016, employs over 300,000 individuals. It claims to be the most active of China's banks globally and outside of China, operates in twenty-seven countries and areas including the following: United Kingdom, United States, South Africa, Italy, Germany, Luxembourg, Australia, Malaysia, Thailand, Bahrain, and even in the Cayman Islands.

It's about time to head back over to the software industry and learn about one of the most revolutionary companies out there.

Microsoft Corporation

Founded by Bill Gates and Paul Allen, Microsoft Corporation, commonly referred to as simply Microsoft, is a technology giant based in Redmond, Washington, in the United States. It is best known for its Windows operating system, the Microsoft Office suite of software programs, as well as the Xbox, among a vast array of others. In 2017, it pulled down 89.95 billion dollars in revenue.

Commercial business products account for much of Microsoft's profits, including Office for Business and Windows operating system products. The cloud computing services, along with tablets and phones powered by Microsoft, will likely bring in an increasingly significant profit for the company in the near future.

Continue reading to reveal the details on one of America's largest banks.

Wells Fargo & Company

Wells Fargo & Company, founded March 18th, 1852, is headquartered in San Francisco, California. It is the third largest bank in the United States measured by total assets (1.95 trillion dollars worth in 2017) and the second largest in the world measured by market capitalization. As of the end of 2017, Wells Fargo had approximately 8,300 branches and operations in thirty-five countries and over seventy million customers worldwide. In 2017, it boasted 88.39 billion dollars in revenue.

Brand recognition, business savvy, and even stellar customer service have a lot to do with the success of these companies, and many of these corporations are slated to introduce new products and services to the market in the near future. This tactic will likely contribute to the continued growth and success of these companies, which are already among the most recognized in the world.