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WikiFX Express

UK inflation rate falls more than expected to 10.1%

Glencore declares $7.1 billion payout to shareholders after record 2022 trading profit

WikiFX

| 2023-02-15

Abstract：(Reuters) – Glencore announced a payout of $7.1 billion to its investors on Wednesday, including a new $1.5 billion share buyback programme, after the company posted a record 2022 trading profit thanks to strong oil and coal prices.

(Reuters) – Glencore announced a payout of $7.1 billion to its investors on Wednesday, including a new $1.5 billion share buyback programme, after the company posted a record 2022 trading profit thanks to strong oil and coal prices.

The miners trading division reported an adjusted operating profit of $6.4 billion for 2022, up 73% from the previous year.

(Reporting by Muhammed Husain in Bengaluru; Editing by Subhranshu Sahu)

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