Operating income increase
Furthermore, the operating income data of the Fortune Global 500 indicates that this year these 500 companies had an income of $37.8 trillion, the highest increase in the history of the list of 19.2% compared to the previous year. This cumulative operating income represents one-fifth of the global GDP for 2021. Also, this record year increased the threshold for entry on the list, consisting of minimum sales revenue, from the previous $24 billion to now $28.6 billion. Saudi Aramco topped the chart by earnings with about $105.4 billion in revenues. Apple (NASDAQ: AAPL) took second place, with a profit of over $94.6 billion, while Berkshire Hathaway (NYSE: BRK.A) was in third place, with around $89.8 billion in earnings.
Summing it all up
While the companies on the list employ 69.6 million people worldwide and span across 33 countries, the numbers given reflect the previous year, while this year brought about a new set of challenges, as Fortune’s Editor in Chief Alyson Shontell wrote in a foreword to the magazine’s August/September 2022 issue. The challenges that 2022 brought with it will undoubtedly be difficult to overcome, but the companies on this list represent the best on the planet, and there is a chance that they will come out of this year more robust than before. Buy stocks now with Interactive Brokers – the most advanced investment platform Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
