How much do Vitol traders make?

Vitol S.A. Salaries

How much is Vitol worth?

Other top executives including Mike Loya, who ran the Americas business from Houston, and Kho Hui Meng, who was head of Asia, retired in 2020. Vitol’s 2020 net profit of $3.2 billion far exceeded its previous record of $2.3 billion, which it achieved in 2009 and 2019.

Is Vitol a legit company?

Vitol is a private company which is owned significantly by a proportion of its employees, who are known for their culture of privacy and secrecy, from both competitors and the general public.

How does Vitol make money?

Vitol, which is owned by about 350 of its partner-traders, 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.

Who owned Vitol?

Vitol Holding II S.A.
Vitol/Parent organizations

Is Vitol an oil major?

The new deal with Rosneft is the first for Vitol in eight years after its previous five-year supply agreement with the Russian state oil company signed in 2013. “The new deal gets Vitol back on the map as a major buyer of Russian oil”, a source with another trading firm said.

Where is Vitol headquarters located?

Geneva, Switzerland
Vitol/Headquarters

How do oil traders make money?

Oil speculators usually make their money by betting on crude oil futures. For example, someone bearish on oil could sell short a futures contract, and if oil did indeed fall, the trader could buy back the contract at the now-lower rate and pocket the difference.

What does Vitol company do?

Vitol is an energy and commodities company. We trade and distribute energy safely and responsibly around the world using our logistical expertise and infrastructure network.