Oil Price Rally Boosts Glencore’s First-Half Profit
Trading profits more than doubled to $3.3 billion as oil and copper price rallies and market disruptions lifted first-half results.
- On Wednesday, Glencore reported $4.4 billion in net income for the first half, a sharp turnaround from the $655 million loss posted during the same period in 2025.
- Market volatility from the Iran war and Ukrainian attacks on Russian fuel plants drove trading profits to $3.3 billion, creating record refining margins for traders.
- Adjusted core earnings jumped 86% to $10.1 billion, while company-wide revenue surged 49% to $174 billion; earnings from coal also rose 35% to $2.4 billion.
- Glencore announced an additional $1.5 billion return to shareholders, including a $1 billion distribution and $500 million buyback, while exploring sales of its African copper business.
- CEO Gary Nagle confirmed plans to pursue an Australian listing, saying it offers a "deep pool of capital," though volatility is expected to remain elevated in the second half.
19 Articles
19 Articles
Analysis-Glencore’s Australia listing taps mining-friendly capital for copper, M&A ambitions
By Clara Denina and Melanie Burton LONDON/MELBOURNE, Aug 5 (Reuters) - Glencore's planned secondary listing in Australia signals a push to tap one of the world's fastest-growing pools of institutional capital to fund its copper growth ambitions and pot...
The raw material group based in Zug achieved a profit of 4.4 billion dollars in the first half of the year.
The tensions around Ormuz enabled the mining and trading giant to clear the losses recorded in the first half of 2025. The net profit over six months exceeds 3.5 billion francsVolatility is also good, in any case for Glencore. The British giant in the extraction and trading of raw materials based in Baar (ZG), took advantage of global geopolitical tensions to return to the beneficiary zone. The performance is all the more striking since the comp…
Oil Price Rally Boosts Glencore’s First-Half Profit
Commodity producing and trading giant Glencore booked a $4.4-billion net income for the first half of the year, a jump of $5 billion from a loss a year earlier, as the oil and copper price rallies and volatility boosted revenues and trading profits. Glencore on Wednesday reported $4.405 billion in net income attributable to equity holders for the first half, compared to a loss of $655 million for the same period of 2025. Adjusted core earnings, …
Glencore, listed in London, plans a secondary listing of its shares in the Australian stock market only one year after giving up a change to New York. Exclusive material for subscribers. To have full access, access the link of the subject and register.
Coverage Details
Bias Distribution
- 55% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
