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Glencore reported a huge first-half earnings jump as it turns a global energy crisis into a money-making opportunity. The mining giant isn't just pulling metals out of the ground. It's trading the panic around them.
Glencore delivered a sharp first-half rebound.
Revenue rose 49% to $174.4 billion. Adjusted EBITDA rose 86% to $10.1 billion, helped by stronger commodity prices and a major uplift in trading profits. Net income swung to $4.4 billion from $655 million a year earlier.
The marketing division was the standout. Adjusted EBIT jumped 142% to $3.3 billion, as Middle East conflict reshaped oil, LNG and shipping markets.
#billion #trading #NVIDIA #revenue
Glencore reported a huge first-half earnings jump as it turns a global energy crisis into a money-making opportunity. The mining giant isn't just pulling metals out of the ground. It's trading the panic around them.
Glencore delivered a sharp first-half rebound.
Revenue rose 49% to $174.4 billion. Adjusted EBITDA rose 86% to $10.1 billion, helped by stronger commodity prices and a major uplift in trading profits. Net income swung to $4.4 billion from $655 million a year earlier.
The marketing division was the standout. Adjusted EBIT jumped 142% to $3.3 billion, as Middle East conflict reshaped oil, LNG and shipping markets.
#billion #trading #NVIDIA #revenue
3 months ago
