Trafigura Group

The corporations on our annual list of the world's 500 largest companies combined to generate $41.7 trillion in revenue over the past year.

Fortune Global 500

Our ranking reflects the dominance of energy companies, the enduring profitability of Southeast Asia’s banks, shifting global supply chains, the steady rebound in tourism, and the rapid ascent of AI-driven businesses in the region.

Fortune Southeast Asia 500

The corporations on our annual list posted aggregate revenues of $41 trillion for the second year in a row.

Our new ranking reflects the rise and fall of energy markets, multinational supply chains, and tourism in the region.

The corporations on our annual list of the world’s largest companies delivered a record $41 trillion in aggregate revenues.

G500-2023-Trafigura Group

<span data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;The Singapore-based commodities trader, which partly specializes in energy and fossil fuels, rode high oil and gas prices to a record profit of almost $7 billion in 2022, more than doubling what it earned in 2021.\n- In addition to the jump in profit, the firm increased its revenue by about 38%, climbing seven spots on the Global 500. This happened despite the volume of oil it traded decreasing from 7 million barrels per day in 2021 to 6.6 million in 2022.\n- In October 2022, amid Europe’s widespread boycott of Russian fossil fuels, Trafigura entered into a $3 billion deal with Germany to supply the country with liquefied natural gas.\n- The firm, which also trades in metals, faced a $577 million loss in February 2023 after it discovered that nickel shipments it bought from a company linked to Indian businessman Prateek Gupta were, in fact, not nickel. \n&quot;}" data-sheets-userformat="{&quot;2&quot;:769,&quot;3&quot;:{&quot;1&quot;:0},&quot;11&quot;:4,&quot;12&quot;:0}">The Singapore-based commodities trader, which partly specializes in energy and fossil fuels, rode high oil and gas prices to a record profit of almost $7 billion in 2022, more than doubling what it earned in 2021. 
<ul> 
 	<li><span data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;The Singapore-based commodities trader, which partly specializes in energy and fossil fuels, rode high oil and gas prices to a record profit of almost $7 billion in 2022, more than doubling what it earned in 2021.\n- In addition to the jump in profit, the firm increased its revenue by about 38%, climbing seven spots on the Global 500. This happened despite the volume of oil it traded decreasing from 7 million barrels per day in 2021 to 6.6 million in 2022.\n- In October 2022, amid Europe’s widespread boycott of Russian fossil fuels, Trafigura entered into a $3 billion deal with Germany to supply the country with liquefied natural gas.\n- The firm, which also trades in metals, faced a $577 million loss in February 2023 after it discovered that nickel shipments it bought from a company linked to Indian businessman Prateek Gupta were, in fact, not nickel. \n&quot;}" data-sheets-userformat="{&quot;2&quot;:769,&quot;3&quot;:{&quot;1&quot;:0},&quot;11&quot;:4,&quot;12&quot;:0}">In addition to the jump in profit, the firm increased its revenue by about 38%, climbing seven spots on the Global 500. This happened despite the volume of oil it traded decreasing from 7 million barrels per day in 2021 to 6.6 million in 2022.</li> 
 	<li><span data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;The Singapore-based commodities trader, which partly specializes in energy and fossil fuels, rode high oil and gas prices to a record profit of almost $7 billion in 2022, more than doubling what it earned in 2021.\n- In addition to the jump in profit, the firm increased its revenue by about 38%, climbing seven spots on the Global 500. This happened despite the volume of oil it traded decreasing from 7 million barrels per day in 2021 to 6.6 million in 2022.\n- In October 2022, amid Europe’s widespread boycott of Russian fossil fuels, Trafigura entered into a $3 billion deal with Germany to supply the country with liquefied natural gas.\n- The firm, which also trades in metals, faced a $577 million loss in February 2023 after it discovered that nickel shipments it bought from a company linked to Indian businessman Prateek Gupta were, in fact, not nickel. \n&quot;}" data-sheets-userformat="{&quot;2&quot;:769,&quot;3&quot;:{&quot;1&quot;:0},&quot;11&quot;:4,&quot;12&quot;:0}">In October 2022, amid Europe’s widespread boycott of Russian fossil fuels, Trafigura entered into a $3 billion deal with Germany to supply the country with liquefied natural gas.</li> 
 	<li><span data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;The Singapore-based commodities trader, which partly specializes in energy and fossil fuels, rode high oil and gas prices to a record profit of almost $7 billion in 2022, more than doubling what it earned in 2021.\n- In addition to the jump in profit, the firm increased its revenue by about 38%, climbing seven spots on the Global 500. This happened despite the volume of oil it traded decreasing from 7 million barrels per day in 2021 to 6.6 million in 2022.\n- In October 2022, amid Europe’s widespread boycott of Russian fossil fuels, Trafigura entered into a $3 billion deal with Germany to supply the country with liquefied natural gas.\n- The firm, which also trades in metals, faced a $577 million loss in February 2023 after it discovered that nickel shipments it bought from a company linked to Indian businessman Prateek Gupta were, in fact, not nickel. \n&quot;}" data-sheets-userformat="{&quot;2&quot;:769,&quot;3&quot;:{&quot;1&quot;:0},&quot;11&quot;:4,&quot;12&quot;:0}">The firm, which also trades in metals, faced a $577 million loss in February 2023 after it discovered that nickel shipments it bought from a company linked to Indian businessman Prateek Gupta were, in fact, not nickel. 
</li> 
</ul>

Aggregate sales hit $37.8 trillion last year—an increase of 19%, the highest annual growth rate in the list’s history.

G500 2022-19-Trafigura Group

In 2021 the Singapore-based logistics and energy trading firm Trafigura had its best year ever in trading volumes—of both metals and petroleum—and in profits, which hit $3.1 billion. Trafigura benefited from 2021’s tumultuous price swings in commodities, and capitalized on price differences across the globe. Early in 2021, Trafigura made history with its largest acquisition ever, purchasing a 10% stake in Vostok Oil’s newest Arctic drilling operation for $7 billion; in July 2022, however, it sold off that stake as part of an effort to distance itself from Russia in the wake of the Ukraine invasion. The firm also broke into the green-energy space, establishing a new power and renewables division that includes a carbon-credits trading desk. It invested $68 million of its own money in renewable energy projects, including the mining of nickel, a key component in electric car batteries, and a joint venture with Swift Current Energy, an American solar and wind power company.

Total revenue for the world’s biggest companies fell 4.8% to $31.7 trillion this year—the first decline in half a decade.

G500-2021-031-Trafigura Group

Even as the oil and gas sector marked a year of record losses, trading giant Trafigura showed just how nimble it can be during a crisis. The company raked in net profits of $1.6 billion in 2020—its best result since 2013—as Trafigura used its status as a trader and middleman to benefit from extreme volatility that sent oil markets rocketing from negative prices back near multiyear highs, all in less than 12 months. Trafigura also benefited from the rebound in demand for metals in Asia midway through the year. In January 2021, it announced its first emissions targets, a sign of the expanding public pressure on even trading houses to reduce their carbon footprint.

This year's Fortune Global 500 generated $33.3 trillion in revenues and $2.1 trillion in profits.

G500-2020-27-Trafigura-Group

Singapore-based commodities trader Trafigura had, in the words of CEO Jeremy Weir, a “mixed” year in 2019. It fell five spots on our Global 500 list as its revenue dropped 5%, to $171.4 billion. A successful restructuring and a record trading year were the bright spots, but profits came in nearly flat after impairment charges—mostly linked to Nyrstar, the metals business that Trafigura took control of in April 2019. Following heightened regulatory scrutiny, Trafigura vowed to stop using middlemen for business development. So far in 2020, Trafigura has made gains where competitors have struggled: Volatility in commodities markets helped bring its oil-trading division to a record profit for the first half of the year.

This year's Fortune Global 500 generated $27.7 trillion in revenues and $1.5 trillion in profits.

This year's Fortune Global 500 generated $27.6 trillion in revenues and $1.5 trillion in profits.

The world's 500 largest companies generated $31.2 trillion in revenues and $1.7 trillion in profits in 2014. Together, this year's Fortune Global 500 employ 65 million people worldwide and are represented by 36 countries.

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