About Vitol

We are determined to remain at the forefront of the world’s energy markets, and to be an active participant in the energy transition.

Vitol is a global energy and commodities company

We trade and distribute energy safely and responsibly around the world using our logistical expertise and infrastructure network.

Strategy

Meeting the world’s critical and emerging energy needs, today and tomorrow.

Using our expertise and logistical capabilities to create and distribute energy solutions around the world, efficiently and responsibly.

About inforgraphic

Solving the energy challenges of the world today and investing in energy solutions for the future

Energy underpins the global economy. We work to meet the world’s energy needs today, and in the future. We focus on solutions through working with partners and customers.

Partnership

A long history of working in partnership with our global network of energy, industrial, governmental and other customers. We work collaboratively, deploying our expertise, infrastructure and balance sheet to build solutions.

Strength

With a strong, conservatively managed balance sheet, Vitol is able to participate actively in pre-financing and investment opportunities.

Expert

A world leader in energy with unique expertise and understanding of global and regional market dynamics.

Established

For over 55 years Vitol has served the world’s energy markets, distributing and delivering energy efficiently to growing economies worldwide.

Responsible

Vitol understands the risks associated with the physical movement of energy. It seeks to mitigate these risks and to manage all its assets responsible and safely.

BSP

Our people are our business. They are a key differentiating factor that drives our ongoing success

We have a flat, meritocratic structure which drives an entrepreneurial and collaborative ethos, where people are focused on delivering results efficiently and safely in a positive, enabling environment.
Our people

Environment & Social

E&S
An integral business consideration
Vitol’s E&S framework sets out our beliefs and requirements. We expect all the companies in which we are invested to follow these or similar standards.
Environment & Social

Our commitment to ethics and compliance is the responsibility of all our employees

We are all responsible for conducting our business in a way that strengthens compliance across the organisation.

Ethics & Compliance

Vitol: 55 years in the making

Two people talking

Another decade of investment, with the acquisition of refinery and downstream assets worldwide. By the close of the 2010s, Vitol was invested in a downstream network comprising over 6,000 service stations, five refineries in three continents, 16 million cubic meters of storage and gas-fired power generation in the UK. Together with Eni, it had also developed significant oil and gas fields offshore Ghana.

Bunker

The business continued to expand with turnover growing from $37 billion in 2000 to $144 billion in 2009. To facilitate its trading business, Vitol established VTTI, a storage company, in 2006 and acquired 90% of the Fujairah Refining Company in 2007.  It divested the Come by Chance refinery in 2006.

00s

Tom Vonk became President and CEO in 1990 and was succeeded by Ian Taylor in 1995. The business expanded, doubling turnover to $20 billion by the end of the decade. Vitol bought a metals business, Euromin and established a sugar trading desk. It also established Anchor insurance, a wholly owned insurer to give it access to Lloyds, acquired the Come by Chance refinery in 1995 and expanded into the CIS through its joint venture with Pechoraneftegas.

90s
Busy office

The Bahrain office opened (1982) and Vitol’s 25 employees celebrated its 20th anniversary. Ian Taylor, future CEO and Chair, joined Vitol in 1985 and established its crude oil trading business.

80s
Crude oil

Vitol established a presence in the US (1974) and Singapore (1979) and moved its Swiss office to Geneva. In 1976 Jacques Detiger became CEO.

70s

Founded in Rotterdam in 1966 by Henk Viëtor and Jacques Detiger. Vitol began trading fuel oil barges from ARA up the Rhine. It opened its first Swiss office in 1968 in Zug and in London in 1969.

60s

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