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16 - Glencore

KOLWEZI, DRC- JULY 7: The sun sets on one of the open pit copper mines at Mutanda Mining Sarl, owned (69%) by Glencore. The mine is mainly producing copper but also some cobalt. The mine employs about 3,500 people and its located in Luabala Province in Southern DRC. A truck carries a load of ore to the processing plant. (Photo by Per-Anders Pettersson for FORTUNE Magazine) Per-Anders Pettersson for Fortune

The fairly quiet company hidden in Switzerland is a commodities giant. Though Glencore prefers to keep away from the media spotlight, everything from smartphones to sugar are impacted by the raw materials the company mines. The vertically-integrated company touches agriculture, energy, and metals by shipping and trading them. However, the company’s in a rut with commodities dropping in price and costs piling up. Investors urged the company to cut costs and control spending.

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Key Metrics & Financials (Last Fiscal Year)

Revenues ($M)$173883
Revenue Percent Change2.0%
Profits ($M)$1,379.0
Assets ($M)$124600
Profits Percent Change%
Employees93123
Previous Rank14

Company Facts

Employees93123
SectorEnergy
IndustryMining, Crude-Oil Production
CEOIvan Glasenberg
HQ LocationBaar, Switzerland
Websitewww.glencore.com
Years on Global 500 List7

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