Key facts: Glencore's earnings drop 6% to $13.5B; $2B shareholder return
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Glencore's full-year core earnings fell 6% to $13.5 billion due to lower energy and coal prices, while announcing a $2 billion return to shareholders, including an $800 million distribution.1Glencore is refinancing with Tullow Oil, joining a lock-up agreement with about 66% of Tullow's noteholders as Tullow issues new notes maturing in November 2028.2On February 19, 2026, Glencore PLC received a notification from The Capital Group Companies, Inc. indicating that the threshold for voting rights was crossed on February 18, 2026.3
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