List of largest corporate profits and losses

Last updated

2008- Oil and gas industry global net income - IEA.svg
Globally, net income of the oil and gas industry reached a record US$4 trillion in 2022. [1]
2007- Profits of energy companies (annual) - stacked bar chart.svg
After the COVID-19 pandemic, energy company profits increased with higher fuel prices resulting from the Russian invasion of Ukraine, falling debt levels, tax write-downs of projects shut down in Russia, and backing off from earlier plans to reduce greenhouse gas emissions. [2]

This page lists the largest annual and quarterly earnings and losses in corporate history. In general terms the oil and gas industry is the one generating both largest annual and quarterly earnings. In contrast, both the annual and quarterly losses are more distributed across industries.

Contents

Largest corporate annual earnings of all time

This list has all global annual earnings of all time, limited to earnings of more than $40 billion in "real" (i.e. CPI adjusted) value. Note that some record earning may be caused by nonrecurring revenue, like Vodafone in 2014 (disposal of its interest in Verizon Wireless) [3] or Fannie Mae in 2013 (benefit for federal income taxes). [4]

#CompanyIndustryCountryYearReport dateEarnings (billion)Earnings converted to USD and inflation adjusted (billion)
1 Saudi Aramco Oil and gas Flag of Saudi Arabia.svg  Saudi Arabia 201831 December 2018SAR 416.52 [5] $129.44
2Saudi AramcoOil and gasFlag of Saudi Arabia.svg  Saudi Arabia 202131 December 2021SAR 412.4 [6] $124.35
3 Vodafone Telecommunications Flag of the United Kingdom.svg  United Kingdom 201431 March 2014£59.42 [3] $122.2
4 Fannie Mae Financial services Flag of the United States.svg  United States 201331 December 2013$83.98 [4] $105.51
5 Apple Consumer electronics United States 202229 September 2022$99.803$107.78
5 Apple Consumer electronics Flag of the United States.svg  United States 202129 September 2021$94.68 [7] $102.25
6Saudi AramcoOil and gasFlag of Saudi Arabia.svg  Saudi Arabia 201931 December 2019SAR 330.7 [8] $100.94
7 Berkshire Hathaway ConglomerateFlag of the United States.svg  United States 202131 December 2021$89.8 [9] $96.97
8Berkshire HathawayConglomerateFlag of the United States.svg  United States 201931 December 2019$81.4 [10] $93.19
9Saudi AramcoOil and gasFlag of Saudi Arabia.svg  Saudi Arabia 201731 December 2017SAR 284.62 [5] $90.55
10 Alphabet Information technology Flag of the United States.svg  United States 202131 December 2021$76.0 [11] $82.11
11AppleConsumer electronicsFlag of the United States.svg  United States 201830 September 2018$59.53 [12] $69.38
12 Microsoft Information technologyFlag of the United States.svg  United States 202130 June 2021$61.27 [13] $66.17
13AppleConsumer electronicsFlag of the United States.svg  United States 201526 September 2015$53.4 [14] [15] $65.93
14AppleConsumer electronicsFlag of the United States.svg  United States 202026 September 2020$57.4 [16] $64.91
15AppleConsumer electronicsFlag of the United States.svg  United States 201930 September 2019$55.26 [17] $63.25
16 ExxonMobil Oil and gasFlag of the United States.svg  United States 200831 December 2008$45.22 [18] $61.46
17 Industrial & Commercial Bank of China BankingFlag of the People's Republic of China.svg  China 202131 December 2021RMB 350.216 [19] $58.35
18Industrial & Commercial Bank of ChinaBankingFlag of the People's Republic of China.svg  China 202031 December 2020RMB 317.685 [20] $58.11
19AppleConsumer electronicsFlag of the United States.svg  United States 201730 September 2017$48.35 [21] $57.72
20ExxonMobilOil and gasFlag of the United States.svg  United States 200631 December 2006$39.5 [18] $57.34
21ExxonMobilOil and gasFlag of the United States.svg  United States 200731 December 2007$40.61 [18] $57.31
22ExxonMobilOil and gasFlag of the United States.svg  United States 201231 December 2012$44.88 [22] $57.21
23AppleConsumer electronicsFlag of the United States.svg  United States 201624 September 2016$45.7 [23] $55.72
24Saudi AramcoOil and gasFlag of Saudi Arabia.svg  Saudi Arabia 202031 December 2020SAR 183.8 [8] $55.41
25Industrial & Commercial Bank of ChinaBankingFlag of the People's Republic of China.svg  China 201431 December 2014RMB 276.286 [24] $55.5
26ExxonMobilOil and gasFlag of the United States.svg  United States 200531 December 2005$36.13 [25] $54.14
27Industrial & Commercial Bank of ChinaBankingFlag of the People's Republic of China.svg  China 201331 December 2013RMB 262.7$53.98
28Berkshire HathawayConglomerateFlag of the United States.svg  United States 201731 December 2017$44.9 [10] $53.65
29ExxonMobilOil and gasFlag of the United States.svg  United States 201131 December 2011$41.06 [26] $53.41
30AppleConsumer electronicsFlag of the United States.svg  United States 201229 September 2012$41.73 [27] $53.19
31Industrial & Commercial Bank of ChinaBankingFlag of the People's Republic of China.svg  China 201531 December 2015RMB 277.720 [24] $52.82
32Industrial & Commercial Bank of ChinaBankingFlag of the People's Republic of China.svg  China 201731 December 2017RMB 287.451 [28] $52.7
33 JPMorgan Chase BankingFlag of the United States.svg  United States 202131 December 2021$48.33 [29] $52.2
34Industrial & Commercial Bank of ChinaBankingFlag of the People's Republic of China.svg  China 201931 December 2019RMB 313.361 [20] $51.32
35 Gazprom Oil and gasFlag of Russia.svg  Russia 201231 December 2012RUB 1,224.5$51.2
36 Nestlé Food processing Flag of Switzerland (Pantone).svg  Switzerland 201031 December 2010$37.88 [30] $50.83
37 China Construction Bank BankingFlag of the People's Republic of China.svg  China 202131 December 2021RMB 303.928 [31] $50.64
38Industrial & Commercial Bank of ChinaBankingFlag of the People's Republic of China.svg  China 201831 December 2018RMB 298.723 [28] $50.58
39 Microsoft Information technologyFlag of the United States.svg  United States 202030 June 2020$44.28 [32] $50.07
40Industrial & Commercial Bank of ChinaBankingFlag of the People's Republic of China.svg  China 201631 December 2016RMB 279.106 [28] $48.97
41AppleConsumer electronicsFlag of the United States.svg  United States 201427 September 2014$39.51 [33] $48.84
42Berkshire HathawayConglomerateFlag of the United States.svg  United States 202031 December 2020$42.5 [10] $48.08
43Industrial & Commercial Bank of ChinaBankingFlag of the People's Republic of China.svg  China 201231 December 2012RMB 238.7 [34] $48.17
44AppleConsumer electronicsFlag of the United States.svg  United States 201329 September 2013$37.04$46.53
45China Construction BankBankingFlag of the People's Republic of China.svg  China 201431 December 2014RMB 228.247 [35] $45.85
46AlphabetInformation technologyFlag of the United States.svg  United States 202031 December 2020$40.7 [11] $45.53
47China Construction BankBankingFlag of the People's Republic of China.svg  China 202031 December 2020RMB 273.579 [31] $44.44
48China Construction BankBankingFlag of the People's Republic of China.svg  China 201931 December 2019RMB 255.63 [31] $44.53
49MicrosoftInformation technologyFlag of the United States.svg  United States 201930 June 2019$39.24 [32] $44.92
50China Construction BankBankingFlag of the People's Republic of China.svg  China 201731 December 2017RMB 243.615 [36] $44.66
51 Royal Dutch Shell Oil and gasFlag of the Netherlands.svg  Netherlands Flag of the United Kingdom.svg  UK 200731 December 2007$31.33 [37] $44.22
52China Construction BankBankingFlag of the People's Republic of China.svg  China 201331 December 2013RMB 214.65$44.11
53GazpromOil and gasFlag of Russia.svg  Russia 201331 December 2013RUB 1,139.2$43.63
54China Construction BankBankingFlag of the People's Republic of China.svg  China 201531 December 2015RMB 228.886 [35] $43.54
55China Construction BankBankingFlag of the People's Republic of China.svg  China 201831 December 2018RMB 255.626 [36] $43.31

Largest corporate annual losses of all time

This list has all global annual losses of all time, limited to losses of more than $20 billion in real value (July 2022).

#CompanyIndustryCountryYearReport dateNominal loss (billion)USD FX rate at period end [38] USD equivalent loss (billion)USD inflation to December 2021 [39] USD real loss (billion)
1 AOL Time Warner Media conglomerate Flag of the United States.svg  United States 200231 December 2002$98.7 [40] 1$98.744.94%$143.06
2 American International Group (AIG) Insurance
Financial services
Flag of the United States.svg  United States 200831 December 2008$99.3 [41] 1$99.328.47%$127.6
3 JDS Uniphase Optical products and broadband communicationsFlag of the United States.svg  United States 200131 December 2001$56.1 [42] 1$56.148.30%$104.4
4 Fannie Mae Government-sponsored enterprise
Public company
Flag of the United States.svg  United States 200931 December 2009$74.41$74.425.91%$93.68
5Fannie MaeGovernment-sponsored enterprise Public companyFlag of the United States.svg  United States 200831 December 2008$59.8 [43] 1$59.87.37%$64.21
6 Freddie Mac Credit services Flag of the United States.svg  United States 200831 December 2008$50.81$50.87.37%$54.54
7 Qwest Communications Telecommunications Flag of the United States.svg  United States 200231 December 2002$35.9 [44] 1$35.924.78%$44.8
8 General Motors Automotive Flag of the United States.svg  United States 200731 December 2007$38.7 [45] 1$38.77.47%$41.59
9 Royal Bank of Scotland (RBS) Finance and insurance Flag of the United Kingdom.svg  United Kingdom 200831 December 2008£24.1 [46] 1.4479$34.97.37%$37.47
10General Motors Automotive Flag of the United States.svg  United States 199231 December 1992$23.50 [47] 1$23.5059.07%$37.38
11General Motors Automotive Flag of the United States.svg  United States 200831 December 2008$30.9 [45] 1$30.97.37%$33.18
12 Citigroup Banking
Financial services
Flag of the United States.svg  United States 200831 December 2008$27.68 [48] 1$27.687.37%$29.72
13 Vodafone Group Telecommunications Flag of the United Kingdom.svg  United Kingdom 200631 March 2006£14.853 [49] 1.7398$25.8412.97%$29.19
14Freddie Mac Credit services Flag of the United States.svg  United States 200931 December 2009$25.7 [50] 1$25.74.53%$26.86
15Vodafone Group Telecommunications Flag of the United Kingdom.svg  United Kingdom 200231 March 2002£13.539 [51] 1.4262$19.30926.24%$24.38
16 United Airlines Airline Flag of the United States.svg  United States 200531 December 2005$21.18 [52] 1$21.1814.7%$24.29
17 Nakheel Real estate developer Flag of the United Arab Emirates.svg  United Arab Emirates 200931 December 2009$20.85 [53] 1$20.854.53%$21.79
18 UBS Banking
Financial services
Flag of Switzerland (Pantone).svg  Switzerland 200831 December 2008CHF19.7 [54] 0.9473$18.77.37%$20.08

Largest corporate quarterly earnings of all time

This list has all global quarterly earnings of all time, limited to earnings of more than $10 billion in real value (June 2011).

#CompanyIndustryCountryYearFiscal quarterReport dateEarnings (billion)USD inflation to June 2011USD real earnings (billion)
1 Fannie Mae Government-sponsored enterprise
Public company
Flag of the United States.svg  United States 20131Q9 May 2013$58.7 [55] 0%$58.7
2 Berkshire Hathaway Conglomerate Flag of the United States.svg  United States 20202Q8 Aug 2020$35.7 [56] 0%$35.7
3 Apple Consumer electronics Flag of the United States.svg  United States 20201Q28 Jan 2020$22.2 [57] 0%$22.2
4Berkshire HathawayConglomerateFlag of the United States.svg  United States 20191Q4 May 2019$21.7 [58] 0%$21.7
4Apple IncConsumer electronicsFlag of the United States.svg  United States 20181Q1 February 2018$20.0 [59] 0%$20.0
5AppleConsumer electronicsFlag of the United States.svg  United States 20191Q30 Jan

2019

$20.00%$20.0
6Apple IncConsumer electronicsFlag of the United States.svg  United States 20161Q26 January 2016$18.4 [60] 0%$18.4
7Apple IncConsumer electronicsFlag of the United States.svg  United States 20151Q27 January 2015$18.04 [61] 0%$18.04
8Apple IncConsumer electronicsFlag of the United States.svg  United States 20171Q31 January 2017$17.89 [62] 0%$17.89
9 Gazprom Oil and gas Flag of Russia.svg  Russia 20111Q30 August 2011$16.24$16.24
10 Royal Dutch Shell Oil and gasFlag of the Netherlands.svg  Netherlands Flag of the United Kingdom.svg  UK 20082Q30 June 2008$15.683.16%$16.18
11 ExxonMobil Oil and gasFlag of the United States.svg  United States 20083Q30 September 2008$14.83.17%$15.27
12Apple IncConsumer electronicsFlag of the United States.svg  United States 20182Q1 May 2018$13.82 [63] 0%$13.82
13Apple IncConsumer electronicsFlag of the United States.svg  United States 20152Q27 April 2015$13.6 [64] 0%$13.60
14Apple IncConsumer electronicsFlag of the United States.svg  United States 20141Q27 January 2014$13.10 [65] 0%$13.10
15Apple IncConsumer electronicsFlag of the United States.svg  United States 20131Q23 January 2013$13.08 [66] 0%$13.08
16Apple IncConsumer electronicsFlag of the United States.svg  United States 20121Q24 January 2012$13.060%$13.06
17 ExxonMobil Oil and gas Flag of the United States.svg  United States 20074Q31 December 2007$11.667.47%$12.53
18Apple IncConsumer electronicsFlag of the United States.svg  United States 20122Q24 April 2012$11.60%$11.6
19ExxonMobilOil and gasFlag of the United States.svg  United States 20054Q31 December 2005$10.7114.7%$12.28
20ExxonMobilOil and gasFlag of the United States.svg  United States 20082Q30 June 2008$11.683.16%$12.05
21ExxonMobilOil and gasFlag of the United States.svg  United States 20063Q30 September 2006$10.4911.25%$11.67
22ExxonMobilOil and gasFlag of the United States.svg  United States 20062Q30 June 2006$10.3611.25%$11.53
23ExxonMobilOil and gasFlag of the United States.svg  United States 20081Q31 March 2008$10.895.71%$11.51
24ExxonMobilOil and gasFlag of the United States.svg  United States 20064Q31 December 2006$10.2511.85%$11.46
25ExxonMobilOil and gasFlag of the United States.svg  United States 20053Q30 September 2005$9.9213.54%$11.26
26 Royal Dutch Shell Oil and gas Flag of the Netherlands.svg  Netherlands Flag of the United Kingdom.svg  UK 20083Q30 September 2008$10.903.17%$11.25
27ExxonMobilOil and gasFlag of the United States.svg  United States 20072Q30 June 2007$10.268.34%$11.12
28ExxonMobilOil and gasFlag of the United States.svg  United States 20111Q31 March 2011$10.691.01%$10.8
29Apple IncConsumer electronicsFlag of the United States.svg  United States 20174Q30 September 2017$10.7 [21] 0%$10.7
30ExxonMobilOil and gasFlag of the United States.svg  United States 20112Q30 June 2011$10.680%$10.68
31ExxonMobilOil and gasFlag of the United States.svg  United States 20113Q30 September 2011$10.330%$10.33
32 BP Oil and gas
Alternative fuels
Flag of the United Kingdom.svg  United Kingdom 20083Q30 September 2008$10.03.17%$10.32
33Apple IncConsumer electronicsFlag of the United States.svg  United States 20142Q23 April 2014$10.2 [67] 0%$10.2
34Apple IncConsumer electronicsFlag of the United States.svg  United States 20162Q26 April 2016$10.50%$10.5

Largest corporate quarterly losses of all time

This list has all global quarterly losses of all time, limited to losses of more than $10 billion in real value (June 2011).

#CompanyIndustryCountryYearFiscal quarterReport dateNominal loss (billion)USD FX rate at period end [38] USD equivalent loss (billion)USD inflation to June 2011 [39] USD real loss (billion)
1 American International Group (AIG) Insurance
Financial services
Flag of the United States.svg  United States 20084Q31 December 2008$61.66 [68] 1$61.667.37%$66.2
2 Fannie Mae Government-sponsored enterprise
Public company
Flag of the United States.svg  United States 20091Q31 March 2009$58.7 [43] 1$58.76.12%$62.29
3 AOL Time Warner Media conglomerate Flag of the United States.svg  United States 20024Q31 December 2002$44.9 [40] 1$44.924.78%$56.03
4 Freddie Mac Credit services Flag of the United States.svg  United States 20091Q31 March 2009$50.8 [50] 1$50.86.12%$53.91
5 General Motors Automotive Flag of the United States.svg  United States 20073Q30 September 2007$42.5 [69] 1$42.58.27%$46.01
6Fannie MaeGovernment-sponsored enterprise,Public companyFlag of the United States.svg  United States 20092Q30 June 2009$38.4 [43] 1$38.44.65%$40.19
7 Petróleos Mexicanos State-owned
Flag of Mexico.svg  Mexico 20201Q31 March 2020MXN 562.2 [70] 0.042535 [70] $23.91-12.55% [71] $20.91
8Fannie MaeGovernment-sponsored enterprise,Public companyFlag of the United States.svg  United States 20093Q30 September 2009$19.8 [43] 1$19.84.52%$20.69
9 BP Oil and gas
Alternative fuels
Flag of the United Kingdom.svg  United Kingdom 20102Q30 June 2010$17.2 [72] 1$17.23.56%$17.81
10 Time Warner Media conglomerate Flag of the United States.svg  United States 20084Q31 December 2008$16.03 [73] 1$16.037.37%$17.21
11Fannie MaeGovernment-sponsored enterprise,Public companyFlag of the United States.svg  United States 20094Q31 December 2009$16.3 [43] 1$16.34.53%$17.04
12Fannie MaeGovernment-sponsored enterprise,Public companyFlag of the United States.svg  United States 20101Q31 March 2010$13.1 [43] 1$13.13.72%$13.59
13 UBS Banking
Financial services
Flag of Switzerland (Pantone).svg  Switzerland 20074Q31 December 2007CHF12.5 [74] 0.8884$11.1057.47%$11.93

See also

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