The world's 500 largest companies generated $31.2 trillion in revenue and $1.7 trillion in profits last year. This year's Fortune Global 500 employ 65 million people worldwide and are represented in 36 countries.

Industrial and Commercial Bank of China, the country's largest bank by market value, has strengthened its position by becoming the biggest profit earner in the world.

The bank raked in $44,763 million in profits last year, followed by Apple Inc with $39,510 million and China Construction Bank with $36,976 million, according to the Global 500 list published by Fortune magazine on July 22.

Let's take a look at the companies making the world's biggest profits last year.

JP Morgan Chase

$21,762 million, USA

Pedestrians pass a Chase Bank office tower in New York's financial center, July 13, 2015. [Photo / IC]