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14. Glencore International
Glencore International
Financials: Latest Results
Rank: 14 (Previous rank: 18)
CEO: Ivan Glasenberg
Employees: 58,000
Address: Baarermattstrasse 3
Baar, 6341
Country: Switzerland
Website: www.glencore.com

Glencore International produces and trades a variety of bulk commodities including metals, minerals, oil, coal and cotton. The company faced a tough loss in 2011, losing roughly $330 million trading cotton, which the company attributes to volatility in the commodities market.

Glencore dismissed the head of its cotton unit last year, and is now working on a proposed merger with mining group Xstrata. Key Xstrata shareholders should vote on the merger in July 2012.

The company sees increased demand for commodities in the U.S., thanks to strength in the automobile and aerospace industries, Glencore said in its 2012 first-quarter production report. Demand in Europe continues to be weak, it said, though demand in China still looks promising. --S.D.

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  $ millions % change from 2010
Revenues 186,152.0 28.4
Profits 4,048.0 213.6
Assets 86,165.0 --
Stockholders' equity 29,265.0 --
Profits as % of  
Revenues 2.2
Assets 4.698
From the July 23, 2012 issue
Figures prepared in accordance with International Accounting Standards.
Company is incorporated in Jersey. Executive offices are in Switzerland.
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Rank # of Global 500 Companies
U.S. 132
China 73
Japan 68
Company 2011 Number of Employees
Wal-Mart Stores 2,200,000
China National Petroleum 1,668,072
State Grid 1,583,000
Company 2011 Profits
($ millions)
Gazprom $44,459.6
Exxon Mobil $41,060
Industrial & Commercial Bank of China $32,214.1
FAQ and methodology
All companies on the list must publish financial data and report part or all of their figures to a government agency. In the U.S., private companies and cooperatives... More
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