Vitol Holding B.V.

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Vitol Holding B.V.

Vitol Holding B.V.

Company Registration No. :
028-14937

Company Location :
Geneva, Switzerland

SHORT BUSINESS DESCRIPTION

Vitol is a Dutch energy and commodity trading company that was founded in Rotterdam in 1966 by Henk Viëtor and Jacques Detiger. [8][9][1][2][10]

Though physical trading, logistics and distribution are at the core of

Vitol is a Dutch energy and commodity trading company that was founded in Rotterdam in 1966 by Henk Viëtor and Jacques Detiger. [8][9][1][2][10]

Though physical trading, logistics and distribution are at the core of the business, these are complemented by refining, shipping, terminals, exploration and production, power generation, and retail businesses. Vitol has 40 offices worldwide and its largest operations are in Geneva, Houston, London, and Singapore. With revenues of $231 billion in 2018,[11] it is the largest independent energy trader in the world, and would rank ninth on the Fortune Global 500 list.[12] Because Vitol does not publish its profits widely, much like most of its competitors in commodity trading, it is largely excluded from rankings. The company does provide financial information to its lenders and some energy groups with which it trades.[13] The company ships more than 350 million tonnes of crude oil per year and controls 250 supertankers and other vessels to move it around the world. On average it handles more than 7 million barrels a day of oil and products - roughly equivalent to the daily consumption of Japan - the world's fourth largest oil consumer after the United States, China, and India.[14][15]

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.[10] In March 2015, the Financial Times suggested that Vitol appeared to make a $1.2 billion dividend distribution.[16][17][18]

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