The 11 most profitable companies in America in 2017 made a heck of a lot of money last year. In fact, of the 11 most profitable companies in America in 2017, just three had net income of less than $15 billion during their latest fiscal year.
Unsurprisingly, when we look at the list of the most profitable companies in the world in 2017, it was largely unchanged from a year earlier, when Chinese banks dominated it, taking four of the top five spots on Forbes’ list of the 20 most profitable Global 2000 companies, and four of the top seven spots in terms of profit margin. As you can see in our list of the 11 most profitable companies in China, which shows their 2015 income, Chinese banks and tech companies are making a heck of a lot of yuan.
Of course, American companies are no strangers to profit themselves, as they tied Chinese companies in this year’s top 10, with each country having four companies in the top 10 in profit, which included having the most profitable company in the world in 2016 in the form of…well, let’s not spoil the surprise just yet. One Japanese company and one Swiss company rounded out the top 10.
In terms of industry representation, it was again banks and tech companies that dominated the list, with eight banks or financial holding companies ranking in the top 10, while one tech company and one automaker made the list.
On the other hand, big oil companies didn’t have nearly as good of a year in 2016 as they did in 2015, as a full year of depressed crude prices weighed on margins and profits. Exxon Mobil’s earnings fell to $7.8 billion in 2016 from $16.2 billion in 2015, while Chevron fell to a loss of $497 million in 2016 from profit of $4.59 billion a year earlier. Halliburton also experienced a slightly-greater-than $5 billion decline in profit in 2016 compared to the previous year.
Without further ado, head to next page to begin the countdown of the 11 Most Profitable Companies In America in 2017.