I have more faith in Saudi Aramco’s profit insofar as estimating and quantifying established reserves is fairly well-traveled territory, versus ICBC’s profit to the extent it’s assets aren’t at the lower of cost or market. To that point, ICBC isn’t in the market cap list.
I agree, though I was and this is actually sort of off point. The list was profitability, not value or asset value or holdings value. I was surprised Microsoft was in the top 5. They must be killing it in the cloud business. Which is sort of weird since most public server farms use linux. But I suppose in the large private sector, contracting with Microsoft is a good bet.