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Glencore's Oil Trading Up, But Earnings Plummet 32%

2/18/2026

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Story summary
  • Glencore plc reported on February 18, 2026 that it traded more oil last year, but energy trading earnings fell for the third straight year.
  • The company cited market conditions, geopolitical uncertainty, and reduced sentiment as factors affecting performance.
  • The year marked the end of a U.S. Department of Justice monitorship related to past fines.
  • Earnings before interest and taxes from energy and steelmaking coal trading fell 32% to $614 million.