Vitol

Vitol is a multinational energy and commodity trading company based in Switzerland, founded in 1966 in Rotterdam, Netherlands. Initially focused on trading refined petroleum products, Vitol has grown to become one of the largest independent commodity traders globally, with a strong presence in the energy market.The company specializes in the physical trading, logistics, and distribution of energy commodities, including crude oil, refined petroleum products, and liquefied natural gas (LNG). Vitol also invests in and operates energy infrastructure assets, such as power plants, and has a significant global supply chain network. In 2024, it owned five power plants in the UK through a subsidiary. Vitol has established key partnerships, including a long-term import deal for LNG with GAIL (India) Ltd. and a stake in the Sarroch refinery in Italy. Vitol has demonstrated strong financial performance, with revenues reaching approximately $279 billion in 2021 and significant net profits in recent years. The company employs around 450 senior partners across major cities worldwide, contributing to its strategic growth and influence in the energy sector.