Glencore Boosts 2026 Marketing Profit Outlook Amid Framework Revamp

Glencore, the global commodities trading and mining company, has raised its marketing profit outlook for 2026. The revised estimate is part of a reset in the long-term guidance framework that Glencore will use to evaluate its performance.

The new framework replaces the previous one, which provided a fixed target for marketing and refining margins over the next five years. Instead, the updated framework sets targets based on market conditions and the company's operational performance.