When considering the highest single-year profit ever recorded by a company, the distinguished title belongs to Saudi Aramco. This global energy and chemical giant achieved an unprecedented annual earning that stands as the largest corporate profit documented to date.
Record-Breaking Annual Profit
Saudi Aramco, officially the Saudi Arabian Oil Company, posted an astounding annual profit of SAR 416.52 billion. This figure, based on historical financial records, translates to approximately $110.79 billion USD (using an approximate exchange rate for comparison). This landmark achievement highlights the company's dominant position in the global energy market.
In fact, Saudi Aramco also holds the second position for the largest single-year corporate profit, having reported another remarkable earning of SAR 412.4 billion, or approximately $109.68 billion USD. These two figures underscore the company's consistent ability to generate immense profits, primarily driven by its vast oil and gas reserves and efficient operations.
Notable Corporate Annual Profits
While Saudi Aramco holds the top two spots for annual earnings, several other corporations have also reported massive profits in their history. These figures represent the largest annual profits recorded by companies over time, showcasing significant financial successes across various industries.
Here's a look at some of the largest corporate annual earnings recorded:
| Rank | Company | Earnings (Original Currency) | Earnings (Approx. USD Equivalent) |
|---|---|---|---|
| 1 | Saudi Aramco | SAR 416.52 billion | $110.79 billion |
| 2 | Saudi Aramco | SAR 412.4 billion | $109.68 billion |
| 3 | Fannie Mae | $83.98 billion | $83.98 billion |
| 4 | Vodafone | £59.42 billion | $74.28 billion |
Note: USD equivalents are approximate and based on recent exchange rates for illustrative comparison purposes.
Fannie Mae, a major U.S. government-sponsored enterprise, also achieved a notable profit of $83.98 billion, demonstrating the significant financial scale of entities in the housing finance sector. Vodafone, a British telecommunications giant, recorded a substantial annual profit of £59.42 billion, translating to approximately $74.28 billion USD, reflecting the profitability potential within the global telecom industry.
For a comprehensive overview of historical corporate profits and losses, detailed financial records are available from various sources tracking largest corporate profits and losses.
