Formerly | J&S Group |
---|---|
Company type | Private |
Industry | Commodity |
Founded | 2004 |
Founders | Marco Dunand (CEO) Daniel Jaeggi (president) |
Headquarters | Geneva, Switzerland |
Number of locations | 37 |
Area served | Global |
Products | Raw materials Energy products |
Revenue | US$174 billion (2022) |
| |
Number of employees | 1,200 (2020) |
Website | www |
Mercuria Energy Group Ltd. is a Cypriot-domiciled Swiss[1] multinational commodity trading company active in a wide spectrum of global energy markets including crude oil and refined petroleum products, natural gas (including LNG), power, biodiesel, base metals[2] and agricultural products.[3] The company is one of the world's five largest independent energy traders and asset operators and is based in Geneva, Switzerland, with 37 additional offices worldwide.[4] The group operates in 50 different countries.[5]
Mercuria was started in 2004 by Marco Dunand and Daniel Jaeggi, then executives at Phibro, the commodities trader sold by Citigroup to Occidental Petroleum in 2009.[6] The company focused mostly on oil trading until 2007.[7] Prior to this, Mercuria was assumed control of J&S Group, which was named after the Polish businessmen Gregory Jankilevitsch and Wiaczeslaw Smolokowski.[8][9] They and their affiliates joined as founders of Mercuria, and they remain as shareholders today.[10]