{"id":111874,"date":"2026-08-05T09:23:52","date_gmt":"2026-08-05T09:23:52","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/111874\/"},"modified":"2026-08-05T09:23:52","modified_gmt":"2026-08-05T09:23:52","slug":"profits-of-swiss-commodities-firm-glencore-soar-to-4-41bn","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/111874\/","title":{"rendered":"Profits of Swiss commodities firm Glencore soar to $4.41bn"},"content":{"rendered":"<p>    <img src=\"https:\/\/www.europesays.com\/ch\/wp-content\/uploads\/2026\/08\/bbaab1a9f6ffaa3e26410bba5a16926ff46638f8-91848548.jpg\" width=\"1400\" height=\"1050\" alt=\"Glencore: $4.41 billion profit over six months\" loading=\"eager\" decoding=\"sync\" fetchpriority=\"high\"\/><\/p>\n<p>                Glencore: $4.41 billion profit over six months            <\/p>\n<p>            Keystone-SDA        <\/p>\n<p>        Swiss mining and commodities trading giant Glencore has posted net profits of $4.41 billion for the first six months of 2026, compared with a $655 million loss a year earlier.\n<\/p>\n<p>            Listen to the article        <\/p>\n<p>            Listening the article        <\/p>\n<p>                Toggle language selector            <\/p>\n<p>                            English (US)                        <\/p>\n<p>                            English (British)                        <\/p>\n<p>            Generated with artificial intelligence.        <\/p>\n<p>        This content was published on    <\/p>\n<p>        August 5, 2026 &#8211; 10:58\n<\/p>\n<p>Last year\u2019s performance was hit by a write-down of nearly $900 million on the group\u2019s Colombian coal operations.<\/p>\n<p><a href=\"https:\/\/www.swissinfo.ch\/eng\/multinational-companies\/commodity-trading-in-switzerland-explained\/46748874\" rel=\"nofollow noopener\" target=\"_blank\">+ Commodity trading in Switzerland, explained<\/a><\/p>\n<p>\u201cThe first half of the year was marked by significant adjustments to energy prices and related markets, in the wake of the outbreak of conflict in the Middle East (\u2026) Supply constraints on oil, refined products, liquefied natural gas and freight capacity have exacerbated volatility in the energy markets, amongst other factors,\u201d noted CEO Gary Nagle in the company\u2019s half-yearly report.<\/p>\n<p>Revenue surged by nearly half to $174.43 billion.<\/p>\n<p>Capitalising on the increased volatility, operating profit (EBIT) from trading activities rose by nearly two and a half times to $3.3 billion. Mining operations delivered an adjusted gross profit (EBITDA) up 72% to $6.5 billion, driven by an upward trend in commodity prices.<\/p>\n<p>\n    More<\/p>\n<p>    <img src=\"https:\/\/www.europesays.com\/ch\/wp-content\/uploads\/2026\/08\/swiss-trade_dubai_9.5-1.jpg\" width=\"1864\" height=\"1243\" alt=\"visual of Dubai vs. Switzerland\" loading=\"lazy\" decoding=\"async\" fetchpriority=\"auto\"\/><\/p>\n<p>        More    <\/p>\n<p>        Global trade\n        <\/p>\n<p>        UAE vs. Switzerland: rivalry or synergy in commodity trade?    <\/p>\n<p class=\"teaser-wide-card__excerpt\">\n<p>                        This content was published on                    <\/p>\n<p>                        Mar 24, 2025                    <\/p>\n<p>                Dubai is rising as a commodities trading hub. What does it mean for Switzerland?            <\/p>\n<p>    <a class=\"teaser-wide-card__link\" href=\"https:\/\/www.swissinfo.ch\/eng\/global-trade\/uae-vs-switzerland-rivalry-or-synergy-in-commodity-trade\/88935640\" target=\"_self\" rel=\"nofollow noopener\"><\/p>\n<p>            Read more: UAE vs. Switzerland: rivalry or synergy in commodity trade?<br \/>\n    <\/a><\/p>\n<p>Shareholders will have two reasons to be pleased with this performance. Firstly, they will be offered a special dividend of 8.5 cents per share, amounting to a total of around $1 billion. Glencore will also launch a new share buyback programme worth 500 million dollars. <\/p>\n<p>Shareholder returns are therefore expected to be in the region of $3.5 billion for the year as a whole.<\/p>\n<p>+ <a href=\"https:\/\/www.swissinfo.ch\/eng\/about-us\/how-swissinfo-produces-news-in-english\/91695684\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">How we produce English news<\/a><br \/>Translated from French, reviewed by an\u00a0<a href=\"https:\/\/www.swissinfo.ch\/eng\/department\/english-department\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">English Department<\/a> journalist.\u00a0<\/p>\n<p>        Articles in this story    <\/p>\n","protected":false},"excerpt":{"rendered":"Glencore: $4.41 billion profit over six months Keystone-SDA Swiss mining and commodities trading giant Glencore has posted net&hellip;\n","protected":false},"author":2,"featured_media":111875,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[4],"tags":[101,564,114,100,566,103,41,17],"class_list":["post-111874","post","type-post","status-publish","format-standard","has-post-thumbnail","category-switzerland","tag-article","tag-beat-global-trade","tag-business","tag-latest-news","tag-multinationals","tag-production-type-deepl-autotranslation","tag-swiss","tag-switzerland"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/117042182126007182","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/111874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=111874"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/111874\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/111875"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=111874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=111874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=111874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}