 | |
| 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]
- ^ "Oil Traders and Cyprus". Financial Times. 26 March 2013. Retrieved 3 August 2021.
- ^ "China slowdown spells end of big payday for iron ore traders". Reuters. 10 September 2013. Retrieved 14 November 2017.
- ^ "RPT-Oil traders diversify into food and metals in quest for profits". Reuters. 18 June 2013. Retrieved 14 November 2017.
- ^ "Documents & downloads". www.mercuria.com.
- ^ "Working at Mercuria". www.mercuria.com.
- ^ Guerrera, Francisco (15 February 2009). "Citi sells Phibro after government pressure". Financial Times. Retrieved 3 August 2021.
- ^ "Oil trading". risk.net. Retrieved November 15, 2017.
- ^ Hoffman, Andy (Aug 31, 2018). "Oil Trader Mercuria's Ownership Structure Revealed in Filing". bnnbloomberg.ca.
- ^ Hume, Neil (September 4, 2018). "Top three executives lift stake in Mercuria". Financial Times.
- ^ "Polskie obywatelstwo i fortuna zbita na ropie" [The Polish government and fortune tellers]. Forbes (in Polish). 23 May 2016. Retrieved 14 November 2017.