Swiss commodities giant Glencore reported a net revenue of $ 173.9bn this year , the figure representing a 2.2 % increase over 2016 . Profits showed no

change , according to Fortune ’ s Global 500 list . The company ’ s investment in mining and metals , agricultural equipment , and energy products has resulted in a slow return to profitability after massive losses in 2011 . The steady sale of its assets has seen a reduction in company value of almost $ 100bn since 2012 . Steadily declining commodities prices and rising costs have caused concern among investors over Glencore ’ s future , reports Fortune , and the company has been urged to reduce spending further in the coming year . Glencore has fallen two places on the Fortune Global 500 list this year , down to number 16 overall . www . bp . com With a net revenue of $ 186.61bn , BP continues its descent through the Fortune Global 500 rankings , from its high point of second in 2005 , dropping again to rank 12th in the world this year . The company experienced a 17.4 % revenue decrease in comparison to the previous fiscal year , although profits remained the same . BP displayed promising signs of resurgence this year , resuming the practice of share buybacks in a move that shows Big Oil is learning to turn a profit in a post-oilcrash market , according to Fortune .

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