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Where is Vitol Group located?

Where is Vitol Group located?


Type Private
Founded 1966 Rotterdam, Netherlands
Founder Henk Viëtor Jacques Detiger
Headquarters Geneva, Switzerland; Rotterdam, Netherlands
Number of locations 40 principally Geneva

Who is the owner of Vitol?

Vitol Holding II S.A.
Vitol/Parent organizations
Ownership of the group lies with the shareholders of the Luxembourg company, Vitol Holding II SA, the corporate group’s global ultimate owner. Vitol is a private company and is owned by approximately 350 of its senior employees, none of whom own more than five per cent of the shares.

How much do Vitol traders make?

Vitol S.A. Salaries

Job Title Salary
Analyst salaries – 1 salaries reported $38/hr
Credit Manager salaries – 1 salaries reported $87,907/yr
Physical Crude Trader salaries – 1 salaries reported $221,020/yr
Trader salaries – 1 salaries reported $236,798/yr

How does Vitol make money?

Vitol made a significant chunk of its profits during the second quarter, when oil demand collapsed, allowing traders to buy cheap crude and store it, while locking in a profit by selling forward the oil on the futures market at higher prices.

Is Vitol a good company?

Great company, a little too corporate Smart people, hard workers, fun parties, flat structure. Too corporate and serious sometimes.

Is Vitol an oil major?

Vitol has been trading oil and petroleum products for over 50 years. Our market leading position is built upon long-term relationships, on our expertise, market understanding, focus on solutions and reputation for reliability.

When was Vitol founded?

1966, Rotterdam, Netherlands

How many employees does Vitol have?

Company Growth (employees)

Employees (est.) (Oct 2021) 1,313 (+2%)
Revenue (Y, 2020) $140 B
Cybersecurity rating C More

What does Vitol company do?

The Vitol Group is a global energy and commodity trading company, involved in exploration and production, refining, terminals, trading, marketing and distribution. The company was founded in Rotterdam in 1966 by Henk Viëtor. It is a private company, with 330 employees making up its shareholders.

Is Trafigura publicly traded?

While not publicly listed, Trafigura posts financial results for bondholders. Trafigura said it had downgraded the value of its oil-storage-and-distribution business Puma Energy, and its Nyrstar zinc-and-lead-smelting operations.

What is the Trafigura scandal?

Trafigura has been named or involved in several scandals, particularly the 2006 Ivory Coast toxic waste dump, which left up to 100,000 people with skin rashes, headaches and respiratory problems. The company was also involved in the Iraq Oil-for-Food Scandal.

Who is the CEO of Trafigura?

Jeremy Weir (Mar 2014–)
Jeremy Weir became Executive Chairman and Chief Executive Officer of Trafigura in April 2018. This follows his appointment as CEO of the company in March 2014 after a career spanning nearly three decades in commodity and commodity derivative markets.

What makes Vitol the company that it is?

Vitol’s culture is integral to the business. It characterises the way our people work, creates an optimal working environment and underpins its success. Vitol’s culture originated over 50 years ago with our founders and their combination of entrepreneurship, determination to succeed, integrity, hard work and humility.

Why is Vitol the best bunkering company in the world?

Vitol Bunkers offers ship and fleet owners worldwide access to the highest quality marine fuels, delivered seamlessly on time and to specification, across key bunkering locations. Vitol’s culture is integral to the business.

Where does Vitol Aviation Supply jet fuel to?

We supply jet fuel into wing at over 140 airports worldwide through Vitol Aviation. Vitol Bunkers offers ship and fleet owners worldwide access to the highest quality marine fuels, delivered seamlessly on time and to specification, across key bunkering locations.

How many barrels of crude oil does Vitol trade a day?

Founded in Rotterdam in 1966, today Vitol trades over seven million barrels of crude oil and products a day. Our business is founded on the long-term relationships we’ve built with our customers, on our expertise, market understanding and reputation for reliably delivering the required products, on time and to specification.