Glencore, one of the largest diversified natural resources companies in the world, announced record earnings in the first half of 2022.
“Elevated energy market dislocation, volatility, risk and supply disruption, led to record prices for many coal and gas benchmarks and physical premia, underpinning a $10.3 billion increase in group-adjusted EBITDA to $18.9 billion,” Glencore said in an Aug. 4 news release. “We currently expect more normal marketing conditions to prevail in the second half of the year.”
