Top Oil Trader Vitol Paid Staff Dividend of $820 Million in 2015
- 350 employees split payout after bumper year for trading house
- Total remuneration to board increased more than sixfold
Crude Positioning May Be a Bit Too Exuberant
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Vitol Group, the world’s biggest independent oil trader, paid its top executives and staff a special dividend of $820 million in 2015, regulatory filings show.
The dividend, distributed among a group of about 350 top employees who are also shareholders, came as the company confirmed it posted net income of $1.6 billion, the highest profit for the trading house since 2011, filings with the Dutch Chamber of Commerce show.