Trafigura's profits jumped in the first half of its financial year
Stronger finances deliver Trafigura trading windfall
The Singapore-headquartered trader is able to do more, and boost profit, due to enhanced access to credit
Trafigura saw profits jump by 54pc year-on-year, to $4.275bn, in the first half of its October 2020-September 2021 financial year, driven by higher earnings from its trading divisions. And it was able to trade more due to having greater access to credit. Revenue also rose, by 18.6pc compared with the first half of Trafigura’s 2020 fiscal year, to just shy of $98.4bn. And gross margin rose to 4.3pc, from 3.8pc in H1 2020. The improved performance “is mainly due to the performance of our trading divisions, which have shown higher trading volumes, higher margins and significantly higher gross profit,” says the firm’s CFO, Christophe Salmon. “The oil and petroleum products division sho
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
