Saudi oil giant Aramco is the most profitable company in the world, with profits over the last 12 months coming in at $279.4 billion, according to the Companies Market Cap assessments. The oil behemoth’s profits over the previous 12 months, totaling $279.4 billion, are equivalent to Apple, Microsoft, and Alphabet, Google’s parent company.

Apple, the largest company in the world by market capitalization, came in second on the profitability index with profits of $120.5 billion for the fiscal year that ended in June of 2017. Alphabet, which had profits of $85.7 billion, came in second.

Meanwhile, after recording profits of $83.7 billion, Microsoft fell short by a slight margin.

Aramco’s three closest rivals’ profits were roughly $289.9 billion, which is only $10 billion less than the profits of the biggest oil business in the world. ExxonMobil placed eighth with $54.8 billion in profits, followed by Shell in ninth with $54.4 billion.

In terms of the most profitable oil corporations worldwide, excluding Aramco, ExxonMobil was in the top five for the second quarter, followed by Chevron, Shell, Britain’s BP, and France’s Total.

Most Innovative Companies comes to the Middle East this October! Click here to know more.