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The Guardian - UK
The Guardian - UK
Business
Joanna Partridge

Glencore shareholders to receive almost £6bn after record profits

Glencore Gary Nagle Mining
Glencore's Mount Owen coalmine in Ravensworth. Australia.
Glencore's Mount Owen coalmine in Ravensworth. Australia. Photograph: Loren Elliott/Reuters

Glencore will give almost £6bn to shareholders after the mining and commodities company reported record pre-tax profits of more than £28bn in 2022, boosted by rocketing oil and coal prices.

The Switzerland-based group, whose market capitalisation makes it one of the largest FTSE 100 companies, announced a payout of £5.9bn ($7.1bn) to shareholders, including dividends and a new £1.2bn share buyback programme.

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