Vitol Paid Out $5.9 Billion to Traders as Profit Halved in 2025

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessVitol Paid Out $5.9 Billion to Traders as Profit Halved in 2025Commodity trading giant Vitol Group paid out $5.9 billion to its executives and senior staff through share buybacks last year, even as its profits more than halved to $4.2 billion.Author of the article:Archie Hunter and Jack Farchy You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — Commodity trading giant Vitol Group paid out $5.9 billion to its executives and senior staff through share buybacks last year, even as its profits more than halved to $4.2 billion. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe 2025 results are the latest example of how a small group of commodity traders continue to reap spectacular riches, in the wake of a profit boom sparked by the energy crisis early this decade. While a retreat from recent years, the profit is still higher than any year prior to 2021 and brings the company’s total profits since 2022 to $41 billion. Vitol is owned by roughly 600 of its employees. Energy markets this year have faced a further spike in the price volatility and dislocations that commodity traders like Vitol tend to thrive on, although the initial chaos caused by the effective closure of the Strait of Hormuz also presented challenges. Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againBloomberg reported in April that the company incurred mark to market losses in the early days of the Iran war, but that it also made around a $2 billion profit in the first quarter of the year.“The ongoing financial effect of the geopolitical tensions on the group cannot currently be estimated with certainty,” Vitol said in its audited annual accounts. Vitol was also one of two traders picked at the start of the year to exclusively market Venezuela’s crude oil. Vitol has been undergoing a generational transition period at the top of the company, with Asia finance boss Jay Ng becoming CFO in April after longstanding CFO Jeff Dellapina stepped down. Meanwhile Matt Stacey, Vitol’s global head of distillates and chief legal officer Jonathan Marsh have joined its executive committee.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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