Europe remains home to some of the world’s most successful companies, driving global economic growth and innovation. In 2024, several European firms have emerged as top performers in terms of profitability. This ranking explores the top 10 most profitable European companies of the year, highlighting their earnings and key success factors.
1. Shell (Netherlands) – $35.8 billion
With rising energy prices and a strong push for renewables, Shell remains one of the most profitable European corporations. Strong investments in both traditional and green energy solutions have bolstered its earnings.
2. Volkswagen Group (Germany) – $28.5 billion
As the automotive industry shifts toward electric vehicles, Volkswagen has maintained its dominance by expanding EV production and securing supply chain resilience.
3. LVMH (France) – $22.1 billion
Luxury fashion giant LVMH continues to thrive, capitalizing on high-end consumer demand and expanding its brand portfolio with strategic acquisitions.
4. Nestlé (Switzerland) – $18.7 billion
With a diverse product lineup and strong global presence, Nestlé has leveraged innovation in health and nutrition to sustain strong profits.
5. BP (United Kingdom) – $17.3 billion
A key player in the energy sector, BP benefits from high crude oil demand and strategic investments in renewable energy, ensuring long-term growth.
6. Roche (Switzerland) – $16.2 billion
One of Europe’s leading pharmaceutical companies, Roche has seen strong earnings through its innovative medical treatments and research in oncology and immunology.
7. TotalEnergies (France) – $15.9 billion
TotalEnergies’ diversified approach in energy production, including renewables and liquefied natural gas (LNG), has positioned it among the top earners.
8. HSBC Holdings (United Kingdom) – $14.5 billion
A financial powerhouse, HSBC continues to generate significant profits through banking, wealth management, and global trade finance, particularly in Asia.
9. AstraZeneca (United Kingdom) – $13.2 billion
A leader in pharmaceuticals, AstraZeneca has profited from its groundbreaking medical advancements, including cancer treatments and vaccine developments.
10. SAP (Germany) – $12.8 billion
A tech leader in enterprise software, SAP has benefited from digital transformation trends, securing its place among Europe’s top earners through cloud-based solutions.
These companies represent the best in European business, demonstrating resilience, innovation, and strategic growth. As global markets evolve, these corporations continue to drive Europe’s economic success.
