Oil Trader Vitol Doubled Average Pay on Record $15.1 Billion Profit

Malaysia News News

Oil Trader Vitol Doubled Average Pay on Record $15.1 Billion Profit
Malaysia Latest News,Malaysia Headlines
  • 📰 markets
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 59%

Vitol doubled the amount its staff earned last year as the trading house notched a record profit of $15.1 billion on the wild swings in energy markets caused by Russia’s invasion of Ukraine

doubled the amount its staff earned last year as it notched up record profit of $15.1 billion thanks to the wild swings in energy markets caused by Russia’s invasion of Ukraine.

The trading house paid an average of just over $785,000 each in salary and bonuses to its 3,311 employees, compared with the previous year’s average of $394,000, according to the company’s audited annual accounts seen by Bloomberg News.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

markets /  🏆 324. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BP in Talks to Sell Turkish Gas Stations to Vitol’s UnitBP in Talks to Sell Turkish Gas Stations to Vitol’s UnitVitol’s Turkish fuel distribution company Petrol Ofisi is in advanced talks to buy BP Plc’s gas station network in the country.
Read more »

VW Partners with XPENG & Audi Partners with SAIC in China - CleanTechnicaVW Partners with XPENG & Audi Partners with SAIC in China - CleanTechnicaGiving a big boost to Chinese smart EV startup XPENG, and also of course getting something for itself, Volkswagen Group announced today that it is investing approximately $700 million (USD) into XPENG, providing a capital increase, and in exchange getting 4.99% of the company’s shares at US$15 per ADS. The partnership also involves “joint development […]
Read more »

Battleground Senate Democrats Shoot Down Inspector General for Ukraine Aid AmendmentBattleground Senate Democrats Shoot Down Inspector General for Ukraine Aid AmendmentBattleground Senate Democrats shot down an amendment that would have established an inspector general to oversee the more than $113 billion in aid given to Ukraine by the U.S.
Read more »

Marine veteran's remains return home to Southern California after he was killed fighting in UkraineMarine veteran's remains return home to Southern California after he was killed fighting in UkraineThe remains of a U.S. Marine veteran who was killed while fighting in the Russia-Ukraine war were flown to Southern California before being escorted to a mortuary in Riverside County.
Read more »

Ukraine recaptures Staromaiorske village in southeast, Zelenskiy saysUkraine recaptures Staromaiorske village in southeast, Zelenskiy saysUkrainian soldiers have recaptured the southeastern village of Staromaiorske from Russian forces in Donetsk region, a video published by President Volodymyr Zelenskiy showed on Thursday.
Read more »



Render Time: 2025-02-25 02:02:30