Oil Trading Giant Vitol Posts Record Profit of $4.2 Billion
- Company handed record $3 billion payout to its traders in 2021
- Trading house says it can’t estimate impact of Ukraine war
Photographer: Daniel Acker/Bloomberg
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Vitol Group, the world’s largest independent oil trading company, posted a record profit of $4.2 billion last year as it benefited from soaring energy prices.
Those earnings allowed it to hand a record $3 billion to its executives and senior staff through share buybacks during the course of the year, according to the company’s audited annual accounts, seen by Bloomberg News.