5 Biggest Palm Oil Companies In The World

3. Bunge Limited (NYSE:BG)

Market Cap as of March 2, 2023: $14.5 billion

Bunge Limited (NYSE:BG) is an American agribusiness and food company. The company operates through four segments: Milling, Agribusiness, Refined & Specialty Oils, Sugar & Bioenergy. The company’s subsidiary, Bunge Loders Croklaan specializes in the production of vegetable oils and fats, including RSPO-certified palm oil, for the food industry.

On February 8^th, 2023, Bunge Limited (NYSE:BG) announced its financial results for Q4 2022. Its Normalized EPS for the quarter was $3.24, which exceeded expectations by $0.03. The company’s revenue for the quarter was reported at $16.66 billion missing expectations by $1.54 billion.

Here is what Old West Investment Management has to say about Bunge Limited (NYSE:BG) in its Q1 2022 investor letter:

Bunge (pronounced BUN-GEE) Ltd (NYSE:BG) is one of the biggest agribusinesses and food companies in the world. There are four worldwide companies that dominate the sector, the others being Archer-Daniels-Midland Cargill, and Dreyfuss. One of our favorite ways to screen for new ideas is following insider buying. When I saw the Form 4 filed by new Bunge CEO Greg Heckman, his purchase of $9 million of BG stock intrigued me. My initial thought was the company gave him the stock as a signing bonus. I contacted BG Investor Relations and asked whether it was a signing bonus or did Heckman actually write a check for $9 million. IR assured me it was his own hard-earned money that he invested in the company he was about to run.

Heckman was a long time executive at Conagra Foods who obviously sensed opportunity at BG. One of his first moves as CEO was to move the company’s HQ from New York to St. Louis, right in the middle of America’s breadbasket. BG had been plagued for years with poor decisions by underperforming management. Heckman’s decision to move to St. Louis was indicative of a no-nonsense style and he would commence cutting expenses and selling non-core assets… (Click here to see the full text)