Who we are

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$225 billion in revenues in 2019
387 million tonnes of crude oil & products shipped annually
8 million barrels of crude oil & products traded every day
Circa 7,000 ship voyages each year
250 ships transporting our cargoes at sea at any one time

Vitol is an energy and commodities company and sits at the heart of the world’s energy flows. Every day we use our expertise and logistical networks to distribute energy around the world, efficiently and responsibly. For over 50 years Vitol has served the world’s energy markets; trading eight million barrels of crude oil and products a day and delivering energy products to countries worldwide. Our customers include national oil companies, multinationals, leading industrial and chemical companies and the world’s largest airlines. We deliver the products they need on time and to specification, by sourcing and managing the movement of energy through the relevant infrastructures.

Corporate structure & governance

Vitol is a private company founded in Rotterdam in 1966. Today it has 40 offices worldwide and its largest operations are in Bahrain, Geneva, Houston, London, Rotterdam and Singapore.

Vitol is owned by a significant proportion of its employees, providing a diverse and stable shareholder base which gives the company a long-term outlook and a considered approach to risk.

The company’s chief executive is Russell Hardy.

Key committees, including the Compliance Committee, report directly to the Executive Management Committee.


Vitol has rigorous policies and procedures in place to ensure that it complies with all relevant national and international legislation and regulation.

The policies and their implementation are overseen by the Compliance Committee, which reports directly to the Executive Management Committee.

Risk management, systems and controls

Vitol’s business is built upon understanding and managing risk. Its ownership structure incentivises the preservation of capital and a measured approach to risk, and creates a culture of responsibility and accountability.

Code of conduct

The Code of Conduct outlines Vitol’s principles of respect and responsibility.

Our people

Our people are our business: the company’s value derives ultimately from them. It is on their expertise, innovation, drive and relationships that we depend for the development and growth of our business. Talent is precious to us and we create an environment in which individuals can reach their full potential, unfettered by hierarchy.

Vitol has a flat, meritocratic organisational structure, which we believe encourages an entrepreneurial and collaborative approach, with everyone primarily focused on delivering results, and delivering them efficiently and safely.

Our business is global and our people are as diverse as the world in which we work. We have over 60 nationalities among our team – giving us a diversity of thinking which we believe translates into a greater understanding of our customers and better and more informed decisions.

Hear what some of our colleagues say about working with Vitol

Our business in numbers

Worldwide location

We understand that every market is different and that our customers and their requirements are as diverse as the world in which we live. With 40 offices worldwide our colleagues comprise over 60 nationalities...

Global oil movement

The mismatch in many regions between demand and supply generates the need to move crude oil and oil products inter-regionally creating trading opportunities around the world.