Reported about 22 hours ago
Trafigura announced a dramatic 60% drop in its earnings for 2024, falling to $2.8 billion – its lowest since 2020 – after uncovering a billion-dollar oil fraud in Mongolia. The company has also adjusted previous financial results for 2022 and 2023 and is facing potential legal fines amid ongoing investigations. This comes as the firm prepares for a leadership change, with CEO Jeremy Weir stepping down in January after over a decade.
Source: YAHOO