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2020 ranking of companies that lost the most money

Companies showing the largest net loss for the fiscal year 2020, according to their annual accounts.

Share prices and capitalizations at 2026-10-29·Annual accounts for the fiscal year 2020·Calculated on 2026-11-01· 9764 companies ranked
Metric : net loss for the fiscal year 2020 (negative net profit, displayed as a positive value), from heaviest to lightest. Currency : Amounts converted into US dollars at the exchange rate of the day of calculation; the amount in the currency of the accounts is repeated under each value. Only companies whose data is published are ranked: a missing value excludes the company, it is never replaced by zero or estimated.
#EnterpriseMarketSector Net loss (USD)Revenue
1Exxon Mobil CorporationXOM🇺🇸United StatesEnergy22,44 billion $178,57 billion $
2Shell plcSHEL🇬🇧United KingdomEnergy21,68 billion $180,54 billion $
3BP p.l.c.BP🇬🇧United KingdomEnergy21,54 billion $112,38 billion $
4Kuaishou TechnologyKUASF🇨🇳ChinaCommunication Services17,53 billion $116,64 billion CN¥8,83 billion $
5China CITIC Financial Asset Management Co., Ltd.2799.HK🇨🇳ChinaFinancial Services15,49 billion $103,05 billion CN¥1,53 billion $
6Occidental Petroleum CorporationOXY🇺🇸United StatesEnergy14,83 billion $17,14 billion $
7Delta Air Lines, Inc.DAL🇺🇸United StatesIndustrials12,38 billion $17,09 billion $
8The Boeing CompanyBA🇺🇸United StatesIndustrials11,87 billion $58,16 billion $
9Bayer AGBAYN.DE🇩🇪GermanyHealthcare11,74 billion $10,49 Md€46,30 billion $
10Slb N.V.SLB🇺🇸United StatesEnergy10,49 billion $23,60 billion $
11Carnival Corporation & plcCCL🇺🇸United StatesConsumer Cyclical10,24 billion $5,59 billion $
12Baker Hughes CompanyBKR🇺🇸United StatesEnergy9,94 billion $20,70 billion $
13Marathon Petroleum CorporationMPC🇺🇸United StatesEnergy9,83 billion $69,78 billion $
14Banco Santander, S.A.SAN.MC🇪🇸EuropeFinancial Services9,81 billion $8,77 Md€67,67 billion $
15Expand Energy CorporationEXE🇺🇸United StatesEnergy9,73 billion $5,21 billion $
16Eni S.p.A.ENI.MI🇮🇹EuropeEnergy9,66 billion $8,63 Md€50,26 billion $
17Hainan Airlines Holding Co., Ltd.600221.SS🇨🇳ChinaIndustrials9,62 billion $64,00 billion CN¥4,42 billion $
18Bristol-Myers Squibb CompanyBMY🇺🇸United StatesHealthcare8,99 billion $42,52 billion $
19Renault S.A.RNO.PA🇫🇷FranceConsumer Cyclical8,96 billion $8,01 Md€48,62 billion $
20American Airlines Group Inc.AAL🇺🇸United StatesIndustrials8,88 billion $17,34 billion $
21Unibail-Rodamco-Westfield SEURW.PA🇫🇷FranceReal Estate8,07 billion $7,21 Md€1,11 billion $
22Air France-KLM S.A.AF.PA🇫🇷FranceIndustrials7,86 billion $7,03 Md€12,40 billion $
23Vodafone Idea LimitedIDEA.BO🇮🇳IndiaCommunication Services7,78 billion $738,78 Bn₹4,73 billion $
24International Consolidated Airlines Group S.A.IAG.MC🇪🇸EuropeIndustrials7,76 billion $6,93 Md€8,73 billion $
25Deutsche Lufthansa AGLHA.DE🇩🇪GermanyIndustrials7,52 billion $6,72 Md€15,20 billion $
26TotalEnergies SETTE.PA🇫🇷FranceEnergy7,24 billion $119,70 billion $
27United Airlines Holdings, Inc.UAL🇺🇸United StatesIndustrials7,07 billion $15,36 billion $
28Uber Technologies, Inc.UBER🇺🇸United StatesTechnology6,75 billion $11,14 billion $
29thyssenkrupp AGTKA.DE🇩🇪GermanyIndustrials6,20 billion $5,54 Md€32,32 billion $
30Ovintiv Inc.OVV🇺🇸United StatesEnergy6,10 billion $6,09 billion $
31American International Group, Inc.AIG🇺🇸United StatesFinancial Services5,94 billion $43,84 billion $
32Royal Caribbean Cruises Ltd.RCL🇺🇸United StatesConsumer Cyclical5,80 billion $2,21 billion $
33Chevron CorporationCVX🇺🇸United StatesEnergy5,54 billion $94,47 billion $
34AirAsia X Berhad5238.KL🇲🇾OthersIndustrials5,53 billion $22,45 Mn RM186,1 M$
35Sasol LimitedSSL🇿🇦OthersBasic Materials5,51 billion $91,75 billion R11,43 billion $
36Equinor ASAEQNR.OL🇳🇴EuropeEnergy5,50 billion $45,75 billion $
37DXC Technology CompanyDXC🇺🇸United StatesTechnology5,37 billion $19,58 billion $
38AT&T Inc.T🇺🇸United StatesCommunication Services5,18 billion $171,76 billion $
39Valaris LimitedVAL🇧🇲OthersEnergy4,86 billion $1,43 billion $
40APA CorporationAPA🇺🇸United StatesEnergy4,78 billion $4,43 billion $
41Kangmei Pharmaceutical Co., Ltd.600518.SS🇨🇳ChinaHealthcare4,67 billion $31,08 billion CN¥813,4 M$
42Seadrill LimitedSDRL🇬🇧United KingdomEnergy4,66 billion $961,0 M$
43AMC Entertainment Holdings, Inc.AMC🇺🇸United StatesCommunication Services4,59 billion $1,24 billion $
44Airbnb, Inc.ABNB🇺🇸United StatesConsumer Cyclical4,58 billion $3,38 billion $
45LATAM Airlines Group S.A.LTM🇨🇱OthersIndustrials4,55 billion $4,33 billion $
46Diamondback Energy, Inc.FANG🇺🇸United StatesEnergy4,52 billion $2,81 billion $
47Nissan Motor Co., Ltd.NSANY🇯🇵JapanConsumer Cyclical4,26 billion $671,22 Bn¥62,70 billion $
48Rolls-Royce Holdings plcRYCEF🇬🇧United KingdomIndustrials4,24 billion $3,17 Bn£15,39 billion $
49Thai Airways International Public Company LimitedTAWNF🇹🇭OthersIndustrials4,18 billion $141,18 Bn฿1,41 billion $
50Woodside Energy Group LtdWDS🇦🇺AustraliaEnergy4,03 billion $3,60 billion $
51Norwegian Cruise Line Holdings Ltd.NCLH🇺🇸United StatesConsumer Cyclical4,01 billion $1,28 billion $
52Teva Pharmaceutical Industries LimitedTEVA🇮🇱OthersHealthcare3,99 billion $16,66 billion $
53Phillips 66PSX🇺🇸United StatesEnergy3,98 billion $63,69 billion $
54Noble Corporation PlcNE🇺🇸United StatesEnergy3,98 billion $964,3 M$
55WPP plcWPPGF🇬🇧United KingdomCommunication Services3,97 billion $2,97 Bn£16,08 billion $
56Macy's, Inc.M🇺🇸United StatesConsumer Cyclical3,94 billion $18,10 billion $
57Cardinal Health, Inc.CAH🇺🇸United StatesHealthcare3,69 billion $152,92 billion $
58Chord Energy CorporationCHRD🇺🇸United StatesEnergy3,69 billion $1,08 billion $
59Repsol, S.A.REP.MC🇪🇸EuropeEnergy3,68 billion $3,29 Md€37,22 billion $
60RTX CorporationRTX🇺🇸United StatesIndustrials3,52 billion $56,67 billion $
61TUI AGTUI1.DE🇩🇪GermanyConsumer Cyclical3,51 billion $3,14 Md€8,88 billion $
62Cencora, Inc.COR🇺🇸United StatesHealthcare3,40 billion $189,89 billion $
63Bharti Airtel LimitedBHARTIARTL.BO🇮🇳IndiaCommunication Services3,39 billion $321,83 Bn₹8,92 billion $
64Air CanadaACDVF🇨🇦CanadaIndustrials3,33 billion $4,65 Bn CA$4,18 billion $
65TechnipFMC plcFTI🇬🇧United KingdomEnergy3,29 billion $6,53 billion $
66Commerzbank AGCBK.DE🇩🇪GermanyFinancial Services3,21 billion $2,87 Md€12,71 billion $
67UniCredit S.p.A.UCG.MI🇮🇹EuropeFinancial Services3,11 billion $2,79 Md€24,73 billion $
68Suncor Energy Inc.SU🇺🇸United StatesEnergy3,09 billion $4,32 Bn CA$17,66 billion $
69Southwest Airlines Co.LUV🇺🇸United StatesIndustrials3,07 billion $9,05 billion $
70Avolta AGAVOL.SW🇨🇭EuropeConsumer Cyclical3,05 billion $2,51 Bn CHF3,11 billion $
71DuPont de Nemours, Inc.DD🇺🇸United StatesBasic Materials2,95 billion $14,34 billion $
72Halliburton CompanyHAL🇺🇸United StatesEnergy2,94 billion $14,45 billion $
73The Walt Disney CompanyDIS🇺🇸United StatesCommunication Services2,86 billion $65,39 billion $
74Cathay Pacific Airways LimitedCPCAY🇭🇰Hong KongIndustrials2,76 billion $21,65 HK$ Bn5,98 billion $
75Nippon Steel CorporationNISTF🇯🇵JapanBasic Materials2,74 billion $431,51 Bn¥37,58 billion $
76Brookfield Renewable CorporationBEPC🇺🇸United StatesUtilities2,74 billion $3,19 billion $
77Nokia OyjNOKIA.HE🇫🇮EuropeTechnology2,71 billion $2,42 Md€24,46 billion $
78ConocoPhillipsCOP🇺🇸United StatesEnergy2,70 billion $18,77 billion $
79Devon Energy CorporationDVN🇺🇸United StatesEnergy2,68 billion $4,35 billion $
80Hongkong Land Holdings LimitedHNGKY🇧🇲OthersReal Estate2,65 billion $2,09 billion $
81Scentre GroupSTGPF🇦🇺AustraliaReal Estate2,62 billion $3,73 Bn AU$1,52 billion $
82Expedia Group, Inc.EXPE🇺🇸United StatesConsumer Cyclical2,61 billion $5,20 billion $
83Grab Holdings LimitedGRAB🇸🇬OthersTechnology2,61 billion $469,0 M$
84JD Health International Inc.JDHIF🇨🇳ChinaHealthcare2,59 billion $17,23 billion CN¥2,91 billion $
85Plains All American Pipeline, L.P.PAA🇺🇸United StatesEnergy2,59 billion $23,29 billion $
86Accor S.A.AC.PA🇫🇷FranceConsumer Cyclical2,55 billion $2,28 Md€1,81 billion $
87NOV Inc.NOV🇺🇸United StatesEnergy2,54 billion $6,09 billion $
88Norwegian Air Shuttle ASANAS.OL🇳🇴EuropeIndustrials2,50 billion $23,04 M NOK988,2 M$
89PT. Garuda Indonesia (Persero) TbkGIAA.JK🇮🇩OthersIndustrials2,44 billion $1,49 billion $
90Sinclair, Inc.SBGI🇺🇸United StatesCommunication Services2,41 billion $5,94 billion $
91Aurora Cannabis Inc.ACB🇨🇦CanadaHealthcare2,35 billion $3,28 Bn CA$192,4 M$
92HeidelbergCement AGHEI.DE🇩🇪GermanyBasic Materials2,34 billion $2,10 Md€19,69 billion $
93Hammerson plcHMSNF🇬🇧United KingdomReal Estate2,32 billion $1,73 Bn£294,5 M$
94Telia Company AB (publ)TELIA.ST🇸🇪EuropeCommunication Services2,29 billion $22,48 billion SEK9,08 billion $
95Sapura Energy Berhad5218.KL🇲🇾OthersEnergy2,23 billion $9,06 Mn RM1,01 billion $
96Link Real Estate Investment TrustLKREF🇭🇰Hong KongReal Estate2,18 billion $17,12 HK$ Bn1,39 billion $
97Air China LimitedAICAF🇨🇳ChinaIndustrials2,17 billion $14,41 billion CN¥10,45 billion $
98K+S AGSDF.DE🇩🇪GermanyBasic Materials2,11 billion $1,89 Md€2,72 billion $
99Wynn Resorts, LimitedWYNN🇺🇸United StatesConsumer Cyclical2,07 billion $2,10 billion $
100Grupo Aeroméxico, S.A.B. de C.V.AERO🇲🇽OthersIndustrials1,98 billion $1,33 billion $
Raw data (JSON)

⚠ Ranking provided for information purposes, based on public data. It does not constitute investment advice. Values may contain source errors and change with financial publications.

Frequently Asked Questions

About this ranking

How is this 2020 ranking established?
It ranks companies by their net loss for the fiscal year 2020, based on annual accounts and published data. No values are estimated: a company without this data is simply excluded.
Are the amounts comparable between countries?
Yes: amounts are converted to US dollars at the exchange rate of the calculation day, and the amount in the account currency is repeated under each value.
Is this ranking investment advice?
No. It is provided purely for informational purposes and does not constitute investment advice. Investing involves the risk of capital loss.

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