Soaring coal and metal prices powered Swiss mining and trading firm Glencore to a net income of $5 billion in 2021, a notable recovery from its $1.9 billion loss in 2020. Yet the firm's lucrative returns from polluting industries raise questions about how it will reach its goal of net-zero emissions by 2050. Glencore is contributing to the green-energy transition in other ways—for example, by selling metals and key battery components to manufacturers of EVs and solar panels. But legal troubles have dogged Glencore: In February 2021, it announced plans to pay $1.5 billion in 2022 to settle longstanding multinational bribery probes, and it entered guilty pleas on those matters in the U.S., the U.K., and Brazil in May 2022.
Brendon Thorne—Bloomberg via Getty Images
Company Information
As of 8/3/2022
Country
Switzerland
Headquarters
Baar, Switzerland
Industry
Mining, Crude-Oil Production
CEO
Gary Nagle
Website
Company Type
Public
Ticker
GLNCY
Revenues ($M)
$203,751
Profits ($M)
$4,974
Market Value ($M)
$65,959
Employees
81,284
Figures prepared in accordance with International Accounting Standards. Company is incorporated in Jersey. Executive offices are in Switzerland. Market value as of July 19, 2022.
Key Financials (Last Fiscal Year)As of 8/3/2022
($ Millions)
% change
Revenues ($M)
$203,751
43.1%
Profits ($M)
$4,974
-
Assets ($M)
$127,510
-
Total Stockholder Equity ($M)
$39,931
-
Profit RatiosAs of 8/3/2022
Profit as % of Revenues
2.4%
Profits as % of Assets
3.9%
Profits as % of Stockholder Equity
12.5%
Glencore Rank History
Historical Data
| Year | Revenues ($M) | Profits ($M) | Assets ($M) | Total Stockholder Equity ($M) |
|---|---|---|---|---|
| 2021 | $142,338-33.8% | $-1,903 | $118,000 | $37,637 |
| 2020 | $215,111-2.1% | $-404-111.9% | $124,076 | $40,274 |
| 2019 | $219,7546.9% | $3,408-41% | $128,672 | $45,738 |
| 2018 | $205,47618.2% | $5,777318.9% | $135,593 | $49,755 |
| 2017 | $173,8832% | $1,379 | $124,600 | $44,243 |
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