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Glencore

Courtesy of Glencore
  • Previous Rank14
  • Country
    Switzerland
  • Revenues ($M)$219,754.00
  • Revenue Percent Change6.9%
  • Profits ($M)$3,408.00
  • Profits Percent Change-41%
  • Assets ($M)$128,672.00
  • Employees85,504

The Swiss-headquartered mining giant and commodities trader is famous for its appetite for risk. But Glencore, which slipped two spots in our rankings despite a 7% rise in revenue, had a particularly challenging year in 2018. Profits fell by 41%, and the company noted in its annual report that the headwinds were both industry-wide—due to a stronger U.S. dollar and heightened trade tensions—and Glencore-specific. In July of 2018, for example, the company received a subpoena from the U.S. Department of Justice to produce documents for an investigation into possible violations of the Foreign Corrupt Practices Act. When contacted for comment, a company spokesperson directed Fortune to Glencore CEO Ivan Glasenberg’s note in Glencore’s annual report, which said that the company is cooperating and has convened a commission to address the ongoing investigation.

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Company Information

CEO
Ivan Glasenberg
Sector
Energy
Industry
Mining, Crude-Oil Production
HQ Location
Baar, Switzerland
Websitehttps://www.glencore.com
Years on Global 500 List9
Employees85,504
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)$219,754.006.9%
Profits ($M)$3,408.00-41%
Assets ($M)$128,672.00-
Total Stockholder Equity ($M)$45,738.00-

Profit Ratios

Profit as % of Revenues1.6%
Profits as % of Assets2.6%
Profits as % of Stockholder Equity7.5%