World's Highest Profits! Earned $1.08T Last Year, $40B More Than Apple

Who is the most profitable company in the world?

In the past year of 2022, many industries have reaped substantial benefits, such as the oil and natural gas sectors.

Since the regional conflict occurred last March, international crude oil and natural gas prices have seen a significant increase.

Europe has fallen into an energy crisis with skyrocketing energy prices, leading to a surge in international oil prices.

Domestic car owners in China can empathize with this situation.

Thanks to the rise in oil prices, China's "Three Barrels of Oil" have achieved good performance.

According to the published financial reports, PetroChina's net profit last year reached 155 billion yuan, and CNOOC's net profit was 143.6 billion yuan, totaling nearly 300 billion yuan.

In addition, Sinopec has not yet announced its full-year performance, but its net profit for the first three quarters of last year was 56.6 billion yuan.

The combined profit of the "Three Barrels of Oil" has exceeded 300 billion yuan, with one year's profit equivalent to the total of the past three years.

Even Kweichow Moutai, facing the profit level of the "Three Barrels of Oil," pales in comparison.

However, in front of Saudi Aramco, the profits of the "Three Barrels of Oil" are not enough to look at.

On March 12, Saudi Aramco announced its financial report for 2022, showing that Saudi Aramco's net profit for 2022 reached 161 billion US dollars, a year-on-year increase of 46%, setting the highest profit record since its listing.

What does a net profit of 161 billion US dollars in one year mean?

Calculated at last year's average exchange rate, it is equivalent to 1.08 trillion yuan, with an average monthly net profit of 90 billion yuan, nearly three times the total profit of the "Three Barrels of Oil," and more than three times the net profit of Exxon Mobil, the largest oil giant in the United States.

What gives Saudi Aramco the ability to dominate the world in terms of profits?

On one hand, Saudi Aramco is the world's largest oil company, with the world's largest onshore and offshore oil fields, and extremely rich oil resources.

As a Middle Eastern oil-producing country, energy exports are its largest economic pillar, and it has achieved a per capita GDP of 20,000 US dollars through oil exports.

On the other hand, the cost of oil extraction in Saudi Arabia is relatively low, and the international situation has driven up oil prices, resulting in a significant increase in profit margins.

Oil is an essential resource for modern industrial countries, and China's dependence on foreign oil is as high as 70%.

Saudi Arabia is also China's largest source of oil imports, with China importing 87.48 million tons of crude oil from Saudi Arabia in 2022.

China's most profitable "Bank of the Universe," ICBC, has a profit level that is only one-third of that of Saudi Aramco.

ICBC's annual net profit is stable at around 300 billion yuan.

Originally thought that banks were "money-sucking beasts," but it turns out that selling oil is a gift from heaven.

Looking at the world, only Apple Inc. in the United States can compete with Saudi Aramco in terms of profit.

According to Apple's financial report, Apple's revenue in the fiscal year of 2022 was nearly 400 billion US dollars, with a net profit of 99.8 billion US dollars (approximately 670.6 billion yuan), a year-on-year increase of 5.4%.

As the most profitable company in the United States, Apple has a very strong profitability.

Apple has also been listed as the most profitable company on the Fortune Global 500 list many times.

Due to the significant increase in oil prices last year, Saudi Aramco's profits have risen sharply, leaving Apple behind by more than 400 billion.

However, Apple's technological content is incomparable to that of Saudi Aramco.

Apple has taken away most of the industry's profits.

Although Apple's global smartphone sales rank second, its profit level has been the industry's first for many years.

With its strong profitability, Apple's market value ranks first in the world, reaching 2.35 trillion US dollars.