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Courtesy of Glencore

14

Glencore

GLNCY

Switzerland

Previous Rank10

Employees102,388

Revenues ($M)$170,497

Rev Change-22.9%

Profits ($M)$-4,964

Profit Change-315.1%

Assets ($M)$128,485

Turmoil in the commodities and energy markets hurt the world’s largest commodities and mining company, which saw revenue decline 23% in 2015 to $170.5 billion and a net loss of nearly $5 billion, owing to a collapse in commodities prices amid reduced demand. Over the past decade, the Swiss company has capitalized on China’s building boom, but in the past few years China’s demand for coal imports has waned while economic growth slowed. In addition to Glencore’s $5 billion loss, the commodities giants is also saddled with debt of $26 billion and is looking to cut costs and production in 2016.

CEO

Ivan Glasenberg

Sector

Energy

Industry

Mining, Crude-Oil Production

HQ Location

Baar, Switzerland

Employees

102,388

Website

http://www.glencore.com

Years on Global 500 List

6

Figures prepared in accordance with International Accounting Standards. Company is incorporated in Jersey. Executive offices are in Switzerland.

Glencore is also featured in these fortune lists

World’s Most Admired Companies

Glencore: Global 500 RANK HISTORY

Key Financials (last fiscal year)

	($ Millions)	% change
Revenues ($M)	$170,497	-22.9%
Profits ($M)	$-4,964	-315.1%
Assets ($M)	$128,485
Total Stockholder Equity ($M)	$41,254

Profit as % of Revenues		-2.9%
Profits as % of Assets		-3.9%
Profits as % of Stockholder Equity		-12.0%

()0.00 0.00 (0)

Previous Close:
Market Cap: NaNB
Next Earnings Date:
High:
Low:
52 Week High:

52 Week Low:
52 Week Change %: 0.00
P/E Ratio: n/a
EPS:
Dividend Yield: n/a

News about Glencore

U.S. Grains Trader Bunge Steps Back From Glencore Merger Talk

Glencore's interest in Bunge fueled speculation that world rain trading is ripe for consolidation.

Glencore's $11 Billion Russian Deal Raises More Questions Than It Answers

And most revolve around how badly Putin needs the money

Russia Is Selling a Big Chunk of This State-Controlled Oil Giant

It's a major victory for Russian President Vladimir Putin.

Glencore's Debt Target in Sight After Latest Disposal

It just raked in nearly $1 billion for a coal-haulage business

Renewables Not Cost Competitive Until Mid-Century, Says Glencore

Other energy company officials believe parity will come much earlier.

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