Glencore
The Swiss-headquartered mining giant had yet another challenging year in 2019, falling one spot as it booked a $404 million loss. That was on the back of weaker commodities prices, particularly for coal, and on $2.8 billion in impairment charges, tied partly to its copper mining operations in the Democratic Republic of Congo and Zambia. Meanwhile, Glencore continues to be dogged by investigations by U.S. and U.K. regulators into allegations of bribery and corruption, which the company denies. In January, Glencore said it was cooperating with a criminal investigation by Swiss authorities into its operations in the DRC. Despite the ongoing regulatory and legal scrutiny, the mining company's shares rebounded solidly in Q2 in line with a jump in copper prices.
Dwayne Senior—Bloomberg/Getty Images
Company Information
As of 8/3/2022
Country
Switzerland
Headquarters
Baar, Switzerland
Industry
Mining, Crude-Oil Production
CEO
Gary Nagle
Website
Company Type
Public
Ticker
GLNCY
Revenues ($M)
$203,751
Profits ($M)
$4,974
Market Value ($M)
$65,959
Employees
81,284
Figures prepared in accordance with International Accounting Standards. Company is incorporated in Jersey. Executive offices are in Switzerland. Market value as of July 19, 2022.
Key Financials (Last Fiscal Year)
($ Millions)
% change
Revenues ($M)
$203,751
43.1%
Profits ($M)
$4,974
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Assets ($M)
$127,510
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Total Stockholder Equity ($M)
$39,931
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Profit Ratios
Profit as % of Revenues
2.4%
Profits as % of Assets
3.9%
Profits as % of Stockholder Equity
12.5%
World's Most Admired Companies
Sector
Natural resources
Industry
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