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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 in which the company's aviation business has been severely impacted, World Fuel's management maintains it can once again reduce expenses and manage its cash through the crisis.
Lists ranking World Fuel Services
Global 500 - 2020This year's Global 500 generated $33.3 trillion in...READ MOREview in list
Fortune 500 - 2020This year's Fortune 500 marks the 66th running of ...READ MOREview in list
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