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World Fuel Services

The global energy, services, and commodities company—which provides fuel to planes, boats, and trucks—impressed Wall Street with its earnings results all four quarters last year. World Fuel Services, led by CEO Michael Kasbar, generated $36.8 billion in profit on $178.9 billion in revenue in 2019. Though revenue was down 7.4% from 2018, partially due to lower fuel prices across business lines, profits increased by 40% year over year thanks to careful managment of costs. Today, during a global pandemic when the company's aviation business is severely impacted, leadership says it can once again reduce expenses and manage its cash through the crisis.
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Lists ranking World Fuel Services
Global 500 - 2022Aggregate sales hit $37.8 trillion last year—an in...READ MOREview in list
Fortune 500 - 2022This year’s Fortune 500 marks the 68th running of ...READ MOREview in list
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