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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.

Company Information

Figures prepared in accordance with International Accounting Standards., Company is incorporated in Jersey. Executive offices are in Switzerland.
Ivan Glasenberg
Mining, Crude-Oil Production
HQ Location
Baar, Switzerland
Years on Global 500 List9

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%