Glencore plc is the world’s largest company involved in the mining industry and in commodity trading. In 2013, the company completed a large merger with Xstrata plc. Glencore is headquartered in Switzerland. Glencore is by far the leading global mining company based on revenue. However, a large part of Glencore's revenue is not earned purely through mining, but by trading commodities. Interestingly, Glencore is ranked only in fourth place among mining companies when ranked by market capitalization.
Financial overview of Glencore
In 2021, Glencore's revenue amounted to nearly 204 billion U.S. dollars in total. In 2012, Glencore had a record revenue of 236 billion U.S. dollars. Compared to the company's revenue in 2009, this was an increase of over 200 percent. The company generates most of its revenue in the Energy Products segment, which accounted for 121.6 billion U.S. dollars of the company's revenue in 2021. Metals and Minerals made up 86.3 billion U.S. dollars, while the Corporate and other segment accounted for the rest of the company's revenue. From a regional view, Glencore earns more than 40 percent of its revenue in Asia.
Glencore's mineral products
Vast amounts of commodities are turned over by Glencore. Nearly 70 million metric tons of coal (thermal coal mainly) and some 1.41 billion barrels of crude oil and oil products were sold in 2021. Through the merger with Xstrata, Glencore significantly strengthened its mining and metals segment. Thus, the amount of gold sold by Glencore increased from 746,000 ounces in 2012 to 1.8 million ounces in 2021.
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In the following 5 chapters, you will quickly find the 26 most important statistics relating to "Glencore".