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  • Previous Rank10
  • Revenues ($M)$170,497
  • Revenue Percent Change-22.9%
  • Profits ($M)$-4,964
  • Profits Percent Change-315.1%
  • Assets ($M)$128,485
  • Employees102,388

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.

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Company Information

CEO
Ivan Glasenberg
Sector
Energy
Industry
Mining, Crude-Oil Production
HQ Location
Baar, Switzerland
Employees102,388
Websitehttp://www.glencore.com
Years on Global 500 List6
Figures prepared in accordance with International Accounting Standards. Company is incorporated in Jersey. Executive offices are in Switzerland.

Glencore 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 Ratios

Profit as % of Revenues-2.9%
Profits as % of Assets-3.9%
Profits as % of Stockholder Equity-12%