Oil Giant Vitol Hands Record $10.6 Billion Payout to Its Traders

Vitol Group handed a record $10.6 billion to its executives and senior staff through share buybacks last year, as the fallout of the energy crisis continued to deliver extraordinary riches to the world’s commodity traders.

The share repurchase — almost certainly the highest such payout in the industry’s history — means privately held Vitol has distributed over $31 billion to its partners in the past decade, according to the company’s audited annual accounts seen by Bloomberg News.