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Business, Energy

“Glencore Pays Out $7.1 Billion as Coal Drives Record Profit”

“Glencore Plc will return more than $7 billion to shareholders in dividends and buybacks after the commodities giant reported another blockbuster profit driven by its coal and trading divisions…

Glencore’s core profit rose 60% to a record $34.1 billion, of which more than half — $17.9 billion — came from coal production, the company said in a statement on Wednesday. The commodity trading unit earned $6.4 billion in core profit, also its highest ever…”

https://finance.yahoo.com/news/glencore-pays-7-1-billion-083828204.html

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