This article is based on the research process for our list of the largest companies in Switzerland. The list includes contact details, fields of activities, revenues (if publicly available) and many more valuable data points.
Geneva is the second largest city in Switzerland after Zurich and is considered the capital of Romandy – the French-speaking regions of the Swiss Confederation. Numerous companies of distinction are headquartered here, including these leading global commodity traders:
1) Vitol SA
Vitol SA is vying with Glencore, Ganvor and Trafigura for the No. 1 spot in global commodities trading. Founded in 1966, the company has dual headquarters in Geneva and Rotterdam. In addition to Geneva, its main business locations are London, Houston and Singapore. The company maintains a global network of more than 40 offices with more than 1,500 employees. One focus of Vitol’s commodities business is trading in oil and gas. It also trades renewables and power. The sharp increase in oil and gas prices in 2022 almost doubled Vitol’s revenue to $505 billion.
2) Trafigura Pte Limited
Trafigura Pte Limited, Geneva, is one of the three main locations of the Trafigura Group, along with Amsterdam and Singapore. Trafigura was founded in 1993 and is also considered one of the world’s largest commodity traders. Traded commodities include crude oil, petroleum products, ores, non-ferrous metals and industrial concentrates. The company has 61 offices on four continents and is active in more than 150 countries. Geneva is one of ten regional hubs and is primarily responsible for trading in Central and Western Europe. In 2022, Trafigura Group employed over 12,000 people and generated revenues of nearly $319 billion.
3) Mercuria Energy Trading SA
Mercuria Energy was founded in 1993 by two Swiss commodity traders. Formally, the group’s headquarters are located in Cyprus. However, trading and business activities are managed from Geneva. Mercury Energy trades mainly in crude oil and petroleum products, but also in natural gas, coal, electricity and emission rights. Sales in 2022 were $174 billion. Mercuria Energy employs over 1,300 people and has a presence in more than 50 countries worldwide.
Picture source: Lukas Blaskevicius via Unsplash (29.04.2023)