Between 2019 and 2023, oil and gas explorers and producers logged the highest total revenue worldwide, reaching 5.3 trillion U.S. dollars. Life and health insurance carriers followed behind.

As of January 2024, the most profitable industry in the United States was money center banking, with a profit margin of 30.89 percent. The profit margin of the regional banking was not too far off, with a net profit margin of 29.67.

In 2024, the**************************************o posted the highest revenue of any company in the world before taxes, with an income of over *** billion U.S. dollars. ************************************************** rounded out the top five spots in the ranking of most profitable companies. What is net income? Net income, or net profit, which differs slightly from pre-tax income, is the figure that gives the most complete overview of a company’s profitability: It is calculated as the revenue of a company less all operating expenses, debt payments, interest paid, income from subsidiary holdings, taxes, etc. Different industries have different net profit margins. The Apple doesn’t fall far In terms of market value, Microsoft was the largest company in the world in 2024, with Apple following in second. Since the beginning of the new millennium, Apple has reported ever rising amounts of worldwide revenue, with iPhone sales leading the charge.

With a market capitalization of 3.12 trillion U.S. dollars as of May 2024, Microsoft was the world’s largest company that year. Rounding out the top five were some of the world’s most recognizable brands: Apple, NVIDIA, Google’s parent company Alphabet, and Amazon. Saudi Aramco led the ranking of the world's most profitable companies in 2023, with a pre-tax income of nearly 250 billion U.S. dollars. How are market value and market capitalization determined? Market value and market capitalization are two terms frequently used – and confused - when discussing the profitability and viability of companies. Strictly speaking, market capitalization (or market cap) is the worth of a company based on the total value of all their shares; an important metric when determining the comparative value of companies for trading opportunities. Accordingly, many stock exchanges such as the New York or London Stock Exchange release market capitalization data on their listed companies. On the other hand, market value technically refers to what a company is worth in a much broader context. It is determined by multiple factors, including profitability, corporate debt, and the market environment as a whole. In this sense it aims to estimate the overall value of a company, with share price only being one element. Market value is therefore useful for determining whether a company’s shares are over- or undervalued, and in arriving at a price if the company is to be sold. Such valuations are generally made on a case-by-case basis though, and not regularly reported. For this reason, market capitalization is often reported as market value. What are the top companies in the world? The answer to this question depends on the metric used. Although the largest company by market capitalization, Microsoft's global revenue did not manage to crack the top 20 companies. Rather, American multinational retailer Walmart was ranked as the largest company in the world by revenue. Walmart also had the highest number of employees in the world.

In 2024, tech companies ranked as the most valuable brands in the world, covering the five top spots in the source’s ranking. Apple led the list with a brand value of nearly 489 billion U.S. dollars, followed by Microsoft, Amazon, and Google – each with brand values of over 290 billion dollars. Samsung closed the top five, at over 100 billion dollars in brand value. Big techs are also huge in terms of market value The source determined brand value by combining financial information, the role the brand plays in determining consumer choice (independent of other factors such as price and convenience), and a qualitative assessment of the brand’s overall strength. Considering only financial data, Apple, Amazon, Alphabet (Google’s parent company) and Microsoft would be still on the top, as they have some of the highest global market capitalizations. However, when considering only qualitative factors regarding brand strength, the list would look very different, with Chinese app WeChat being the strongest brand worldwide in 2024. Brand value vs. profitability Brand value does not always translate into profitability. While Apple also happens to be the second most profitable company in the world, other companies with strong brands such as Google and Amazon rank lower in terms of net income. This phenomenon does not only apply to tech companies – Coca-Cola did not feature on the list of the most profitable companies worldwide. This is likely due to their franchised distribution structure, whereby manufacturing operations are handled by separate companies, each of which operates independently with an exclusive license to manufacture Coca-Cola beverages in their territory.

In the aerospace and defense manufacturing industry, Lockheed Martin was by far the most profitable company in the world, with an operating profit of around 9.1 billion U.S. dollars. It was followed by Airbus and Northrop Grumman.

The city cluster of the Yangtze River Delta is a highly dynamic and competitive economic region in China. The integration of the market across the 27 cities is crucial in driving economic growth in the area. This paper aims to provide policymakers with recommendations on promoting regional integration, enhancing the structure, and improving overall performance. By utilizing the benefits and resources of each community more effectively, greater economic gains can be achieved. The findings of this study can also be applied to other Chinese towns or business areas. Market integration is a necessary foundation for regional integration, as it enables the seamless movement of goods and factors throughout the region while simultaneously reducing entry barriers and supporting the creation of a unified market. Unfortunately, the "vassal economy" model has impeded the region’s economic growth. The integration of regional markets is crucial for economic growth. However, it is equally important to create industrial clusters with central towns as their hubs. The Yangtze River Delta urban agglomeration is a prime example of one of six world-class city clusters demonstrating how market integration can result in high-quality economic progress. The paper’s primary discoveries are threefold: firstly, there has been a progressive elevation in the level of market integration among the 27 cities within the Yangtze River Delta city cluster, characterized by increasingly intimate connections concerning trade, investment, and population mobility. Secondly, this heightened market integration exerts a catalytic impact on the real economic growth of the Yangtze River Delta city cluster, particularly concerning regional industrial restructuring, transformation, and upgrading. Finally, market integration is poised to expedite the industrial division of labor and synergistic development between the cities, thus promoting a concentration of advanced manufacturing and new industries in the central cities and furthering the development of profitable industries in the central individual cities.

Printing is in the midst of a considerable and steady decline as digital products and services continue to displace printed materials. The two largest markets, advertising and publishing, have accelerated their online footprint, reducing printing demand. Recent years have witnessed a significant decline in newspaper and magazine subscriptions, exacerbating the challenges for printers. Even though printing technology has advanced, demand for traditional print has plummeted, leaving printers with excess capacity and intensifying price pressures. Shaky corporate profit, coupled with increased interest rates, has caused overall advertising expenditure to plummet. Other products, like retail catalogs and banking forms, have also experienced low demand because of the increased prevalence of e-commerce and online financial transactions. These trends and consumer habits have caused revenue to fall at a CAGR of 2.8% to an estimated $76.7 billion over the past five years, including an estimated 4.5% slump in 2025. Higher input costs and consumers’ shift to digital materials have also harmed profit for printing services. Rising paper prices, coupled with supply chain disruptions, have squeezed profit, compelling companies to seek local suppliers and explore alternative materials. The industry's players have turned to diversification, expanding into areas like web hosting and marketing services. Companies have increasingly moved into value-added creative and logistics services to offset declining print demand and provide a one-stop shop that strengthens customer relationships. Dropping demand and price pressures from excess capacity have forced printers to consolidate to maintain profit, with the number of establishments and employees declining in recent years. Greater proliferation of internal technology, such as artificial intelligence (AI), continues to impact printers’ internal workflows, boosting efficiency and lowering dependence on manual labor. Moving forward, printing services face a continuous decline fueled by consumer actions and digitization trends. Substitutes for commercially printed material, like online media, will continue to adversely affect demand. Strained profit in downstream newspaper and magazine markets may lead publishers to outsource more printing, presenting printers with short-term opportunities even as the declining publishing market remains a long-term threat. Over the next five years, revenue is expected to sink at a CAGR of 6.0% to an estimated $56.2 billion in 2030.

Since going mainstream over a decade ago, hundreds of millions of Americans have embraced social networking sites, including Meta, X, LinkedIn and dozens more. People use these networks to maintain relationships with friends, follow the news and share photos and videos. By leveraging user data for targeted advertisements, where most revenue is derived, sites have been able to capitalize on the popularity of their platforms. As a result, industry revenue has surged at a CAGR of 20.3% over the past five years, including a climb of 12.0% to total an estimated $104.9 billion in 2024 alone. The industry has benefited from the continual shift of advertising spending to the internet, the proliferation of internet-connected mobile devices and more powerful networks. The industry is highly concentrated, with the top three companies making up a significant portion of industry revenue in 2024. Because of its early entry into the sector, Meta (previously Facebook) alone holds most of the market in 2024. The company's high market share and tremendously strong profit have resulted in the average industry profit margin accounting for 30.1% of revenue in 2024. Despite the industry's high profit level, many smaller companies operate at a loss. Since most industry revenue is generated through advertisements, sites must have a large and active user base to successfully attract advertisers. Many websites offer free services to gain users, but it can take a significant amount of time to build up a large user base, and many companies fail to do so before running out of money. Moving forward, industry revenue growth will slow somewhat because of deaccelerated growth in the number of mobile internet connections and the percentage of services conducted online, both of which are critical drivers for social networking sites. Nonetheless, the industry will grow substantially, increasing at a CAGR of 10.7% to $230.6 billion in 2029. Despite less pronounced revenue growth, new sites will continue to enter the industry and exacerbate competition. To compete, social networking sites are poised to focus on serving niche markets and advertisers' interests.

Brazil BR: Profit Tax: % of Commercial Profits data was reported at 22.400 % in 2019. This stayed constant from the previous number of 22.400 % for 2018. Brazil BR: Profit Tax: % of Commercial Profits data is updated yearly, averaging 22.400 % from Dec 2013 (Median) to 2019, with 7 observations. The data reached an all-time high of 22.500 % in 2015 and a record low of 22.200 % in 2014. Brazil BR: Profit Tax: % of Commercial Profits data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Brazil – Table BR.World Bank.WDI: Governance: Business Environment. Profit tax is the amount of taxes on profits paid by the business.;World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: https://bit.ly/3CLCbme;Unweighted average;Data are presented for the survey year instead of publication year.

Exxon Mobil was the leading oil and gas producing company worldwide by net income as of 12-month rolling data from June 2024. Many oil supermajors are among the most profitable oil and gas companies after rebounding from losses caused by the COVID-19 pandemic. Big Oil companies like ExxonMobil, BP, and Shell recorded historic net losses in 2020, some for the first time ever, as the coronavirus pandemic and its effect on fuel demand made it difficult for many within the industry to turn a profit - particularly companies not majority-owned by the state. Oil and gas industry The oil and gas industry is one of the largest industries worldwide. This sector is involved in exploration, extraction, refining, transport, and marketing of petroleum commodities. Many industries rely heavily on oil and gas products as fuels and feedstocks. It is no wonder then that oil and gas companies are regularly among the most profitable companies worldwide.

State-owned enterprises are largest producers State-owned businesses are among the largest within the oil and gas industry. Saudi Arabia's Saudi Aramco is by far the leading oil company worldwide based on daily oil production, at over 11.5 million barrels per day. ExxonMobil was the largest non-state-owned oil producer, at 2.4 million barrels per day in 2023.

Global car and automobile manufacturers have faced numerous challenges over the past decade, given major exogenous shocks, shifting consumer preferences and supply chain disruptions. In particular, significant technological improvements, particularly regarding hybrid and electric vehicles, internal combustion engine fuel efficiency, infotainment development and autonomous driving capabilities, coupled with rising per capita disposable income, have spurred global demand from the growing global middle class. Additionally, strong economic recoveries in most developed and emerging nations following the pandemic have spurred climbing motorization rates and vehicle registrations. Overall, revenue has climbed at an expected CAGR of 1.0% to $2.9 trillion through the current period, including a 2.5% jump in 2025. Profit will climb to 4.7% at the end of the current period as hybrid and electric models perform better and input costs wane. Aluminum and steel are significant inputs for most automakers. Most input manufacturers cut production amid the pandemic, leaving automakers with supply chain shortages and long lead times, especially as automotive demand rebounded following the pandemic. Semiconductors and other integral electronic component manufacturers also failed to meet automaker's demand, exacerbating supply chain issues. Despite these issues, manufacturers have successfully pushed costs onto consumers, expanding profit. Even so, flourishing demand has enabled most automakers to begin recoveries. Many companies have also expressed greater supply chain oversight following disruptions, leading to more nearshoring, vertical integration and strategic partnerships and alliances. Even so, labor strikes, union demands and lingering economic uncertainty have contributed to volatility. Revenue for automakers will swell at an expected CAGR of 2.2% to $3.2 trillion through the outlook period as the industry rides climbing global per capita income and continued growth in developing economies. Global manufacturers will continue to invest heavily in technology and innovation, making waves with new electric and autonomous driving technologies. Companies will also lean on government support regarding electric and hybrid vehicle technology. Even so, tariff policies may restrict many facets of trade, preventing automakers from purchasing some foreign inputs or seamlessly accessing certain export markets.

Facebook probably needs no introduction; nonetheless, here is a quick history of the company. The world’s biggest and most-famous social network was launched by Mark Zuckerberg while he was a...

During the current period, tax preparation companies have navigated fluctuating economic conditions with varying success. The onset of COVID-19 triggered a decline in corporate profit, leading many businesses to cut back on outsourced tax services. Such financial pullbacks resulted in a dip in revenue, as companies either opted to utilize in-house tax teams or neglected additional tax services entirely. Regardless, as vaccination rollouts facilitated reopening economies in 2021, consumer spending soared, revitalizing corporate profit and demand for external tax preparers from individuals and businesses. Rising unemployment due to the cooling labor market brought on by high interest rates has recently reduced the number of taxpayers who can afford the industry’s services, causing revenue to slump in 2024. Overall, revenue for tax preparation service companies has grown at a CAGR of 2.9% over the past five years, reaching $14.5 billion in 2025. This includes a 0.9% rise in revenue in that year. Technological advancements have significantly transformed the tax preparation landscape. The advent and integration of artificial intelligence (AI) have streamlined processes, enhancing the efficiency of tax service providers. Specifically, AI-driven software has reduced time spent on tax preparation by automating data analysis, thereby enabling tax professionals to pivot toward more value-added services such as tax planning and customer relationship management. Over time, this will reduce wage costs and boost profit. Despite these advancements, there's been a notable rise in electronic filing, posing a threat to traditional tax preparers as more software companies market user-friendly tax solutions directly to consumers. However, major companies have adapted by incorporating these technological tools into their offerings, aiming to provide more comprehensive services. Looking ahead, tax preparation businesses are poised to experience moderate growth amid shifting economic conditions. As the US economy is expected to rebound gradually from current financial challenges, GDP and disposable income are projected to grow, fostering demand for professional tax services. Yet, ongoing competition from digital solutions, coupled with potential changes in tax legislation under the new administration, could shape the industry's trajectory. Overall, revenue for tax preparation service businesses in the US is forecast to creep upward at a CAGR of 1.1% in the next five years, reaching $15.3 billion in 2030.

The city cluster of the Yangtze River Delta is a highly dynamic and competitive economic region in China. The integration of the market across the 27 cities is crucial in driving economic growth in the area. This paper aims to provide policymakers with recommendations on promoting regional integration, enhancing the structure, and improving overall performance. By utilizing the benefits and resources of each community more effectively, greater economic gains can be achieved. The findings of this study can also be applied to other Chinese towns or business areas. Market integration is a necessary foundation for regional integration, as it enables the seamless movement of goods and factors throughout the region while simultaneously reducing entry barriers and supporting the creation of a unified market. Unfortunately, the "vassal economy" model has impeded the region’s economic growth. The integration of regional markets is crucial for economic growth. However, it is equally important to create industrial clusters with central towns as their hubs. The Yangtze River Delta urban agglomeration is a prime example of one of six world-class city clusters demonstrating how market integration can result in high-quality economic progress. The paper’s primary discoveries are threefold: firstly, there has been a progressive elevation in the level of market integration among the 27 cities within the Yangtze River Delta city cluster, characterized by increasingly intimate connections concerning trade, investment, and population mobility. Secondly, this heightened market integration exerts a catalytic impact on the real economic growth of the Yangtze River Delta city cluster, particularly concerning regional industrial restructuring, transformation, and upgrading. Finally, market integration is poised to expedite the industrial division of labor and synergistic development between the cities, thus promoting a concentration of advanced manufacturing and new industries in the central cities and furthering the development of profitable industries in the central individual cities.

As per Cognitive Market Research's latest published report, the Global Oil Exploration and Production market size is $3,588.98 Million in 2024 and it is forecasted to reach $5,116.57 Billion by 2031. Oil Exploration and Production Industry's Compound Annual Growth Rate will be 5.20% from 2024 to 2031. Market Dynamics of the Oil Exploration and Production Market

Market Driver for the Oil Exploration and Production Market

The increasing investment in oil sector by several government bodies worldwide elevates the market growth 

Many countries view a stable and secure energy supply as crucial for their economic development and national security. Investing in the oil sector helps ensure a reliable source of energy. Oil exploration and production contribute significantly to the economic growth of a country. Governments often invest in the oil sector to capitalize on the potential for high returns, which can be used to fund public services, infrastructure projects, and other essential programs. Despite efforts to transition to renewable energy sources, the global demand for oil remains high. Governments recognize the need to meet this demand and ensure a stable energy supply to support industrial processes, transportation, and other key sectors. The oil and gas industry encompasses activities linked to exploration, including the search for hydrocarbons, identification of high-potential areas for oil and gas extraction, test drilling, the construction of wells, and initial extraction. According to the Center on Global Energy Policy, data 2023, the 2021–22 period of high oil and gas prices did not lead to a significant increase in capital spending by private companies despite record profits. One exception has been upstream exploration and production (E&P) companies, whose capital spending in 2022 was the highest since 2014.   According to the International Labor Organization (ILO), data 2022, the oil and gas industry makes a significant contribution to the global economy and to its growth and development worldwide. The oil industry alone accounts for almost 3 per cent of global domestic product. The trade in crude oil reached US$640 billion in 2020, making it one of the world’s most traded commodities. Additionally, the industry is highly capital-intensive. Globally investments in oil and gas supply reached more than US$511 billion in 2020. According to the oil and gas industry outlook, data 2023, rapid recovery in demand, and geopolitical developments have driven oil prices to 2014 highs and upstream cash flows to record levels. In 2022, the global upstream industry is projected to generate its highest-ever free cash flows of $1.4 trillion at an assumed average Brent oil price of $106/bbl. Until now, the industry has practiced capital discipline and focused on cash flow generation and pay-out—2022 year-to-date average O&G production is up by 4.5% over the same period last year, while 2022 free cash flows per barrel of production is projected to be higher by nearly 70% over 2021. In addition, high commodity prices and growing concerns over energy security are creating urgency for many to diversify supply and accelerate the energy transition. As a result, clean energy investment by Oil &Gas companies has risen by an average of 12% each year since 2020 and is expected to account for an estimated 5% of total Oil & Gas capex spending in 2022, up from less than 2% in 2020.Therefore, investments made over recent decades enabled the United States to become a world leader in oil and natural gas production. Thus, owing to increased oil production, the demand for oil exploration and production has surged during the past few years.

The rising demand for oil across both commercial and residential sector is expected to drive the market growth 

Oil remains a primary source of energy for transportation, including cars, trucks, ships, and airplanes. The growing global population, urbanization, and increased industrial activity contribute to a rise in the number of vehicles and the overall demand for transportation fuels derived from oil, such as gasoline and diesel. Many industrial processes rely on oil and its by-products as energy sources and raw materials. Industries such as manufacturing, petrochemicals, and construction utilize oil-based products for various applications, including heating, power generation, and the production of pl...

Chad TD: Profit Tax: % of Commercial Profits data was reported at 31.300 % in 2019. This stayed constant from the previous number of 31.300 % for 2018. Chad TD: Profit Tax: % of Commercial Profits data is updated yearly, averaging 31.300 % from Dec 2005 (Median) to 2019, with 15 observations. The data reached an all-time high of 31.300 % in 2019 and a record low of 31.300 % in 2019. Chad TD: Profit Tax: % of Commercial Profits data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Chad – Table TD.World Bank.WDI: Governance: Business Environment. Profit tax is the amount of taxes on profits paid by the business.;World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: https://bit.ly/3CLCbme;Unweighted average;Data are presented for the survey year instead of publication year.

BS: Profit Tax: % of Commercial Profits data was reported at 0.000 % in 2019. This stayed constant from the previous number of 0.000 % for 2018. BS: Profit Tax: % of Commercial Profits data is updated yearly, averaging 0.000 % from Dec 2007 (Median) to 2019, with 13 observations. The data reached an all-time high of 0.000 % in 2019 and a record low of 0.000 % in 2019. BS: Profit Tax: % of Commercial Profits data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bahamas – Table BS.World Bank.WDI: Governance: Business Environment. Profit tax is the amount of taxes on profits paid by the business.;World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: https://bit.ly/3CLCbme;Unweighted average;Data are presented for the survey year instead of publication year.

Video Games Market Outlook 2031

The Video Games Market was USD 307.15 Billion 2022 and is likely to reach USD 652.91 Billion in 2031, expanding at CAGR of 8.74% during 2023 – 2031. The growth of the market is attributed to the technological advancement and innovation in both hardware and software.



Video game is developing as one of the most lucrative businesses in the entertainment sector. Constant development in Augmented Reality (AR) and Virtual Reality (VR) is serving the market.

Globally, easy availability and accessibility of games on the internet and increasing penetration of internet services are helping the market expansion. Developers in game industry are continuously updating and forcing the technological limits related to the real-time execution of graphics in the video game market. The increasing inclination towards online games from physical games is leading the market players to concentrate on efficiency and hardware compatibility.



Massively Multiplayer Online (MMO), multiplayer games, and Free2Play (F2P) are constantly gaining popularity, this is projected to continue over the next eight years. The increasing level of disposable income leads to rise the consumer spending on gaming products. Moreover, changing consumer preferences controls the huge adoption of advanced gaming consoles furnished along with advanced features including record and share and cross-platform gameplay.



The social media gaming is anticipated to cater the impact on shaping up the market growth. The presence of several genres of games includes role play, strategy, action, and simulation, which is expected to increase the interest of the customers. Increasing popularity of eSports tournaments and rising number of professional gamers are resulting in rising sales of video games and accessories including gaming hardware and software.



In corporate enterprises and educational institutes, the demand of this market is rising. The acceptance of gaming as an educational tool gives chances for cognitive and deeper learning. The concept of ‘gaming to learn’ is present there for longer period of time. Still, the potential of gamification possibilities in academics is exploited.

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Enterprises in the Online Game industry in China produce (i.e. design and develop) and operate online games. Most online game companies both create and operate their games. However, some online game producers sell licenses to agencies, which are then solely responsible for the operation of the games. Industry revenue is expected to increase at a CAGR of 4.1% over the five years through 2024, to $51.7 billion. This trend includes expected growth of 4.9% in the current year. The popularity of online games has grown rapidly in China over the period. As of 2023, the number of online games users totaled 668.0 million, accounting for one fifth of total in the global online games market. Online games are more profitable than other internet services like online video and electronic commerce. In 2024, profit margins are expected to account for 28.6% of industry revenue. Many the publicly listed online game companies make over 40% profit. In terms of price/earnings (PE) ratio, three of the top 10 most profitable Chinese companies listed on the NASDAQ are online game companies. The Chinese online game market was dominated by foreign games in the early years of the industry's development. Over the past five years, Chinese-made online games have been increasingly well accepted by the global market. Exports have been growing faster than total revenue and are expected to generate $17.6 billion in 2024, accounting for 34.1% of industry revenue, up from 29.7% in 2019. Industry revenue is forecast to grow at an annualized 4.8% over the five years through 2029, to $65.2 billion. China has the largest internet population in the world, which has totaled 1.1 billion internet users as of 2023, which provides a vast market space for online games participants.