Oil Trader Vitol Made Record Payout to Staff During Trading Boom in 2015

[kreslik.news]

Vitol Group paid its top officers a special dividend of $820 million in 2015, as the world’s largest independent oil trader benefited from energy-market price swings. The company enjoyed one of its most profitable years on record in 2015, with a 15 percent increase in net income to $1.6 billion, its highest in six years, according to a regulatory filing with the Dutch Chamber of Commerce.

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The sharp increase in Vitol’s earnings followed a strong year for oil traders in 2015 as they reaped ... (read more)