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2025-07-29 05:01:31
Last year, the aftermath of the energy crisis continued to bring huge wealth to global commodity traders. Oil giant Vitol Group paid a record $10.6 billion in dividends to executives and senior employees through stock buybacks. Audited annual accounts show that the company has paid more than $31 billion in dividends to partners over the past decade, and its net profit of $8.7 billion that year exceeded the combined profits of its four major competitors. As of June this year, Vitol Group has spent an additional $1.7 billion on stock buybacks before 2025 and reinvested part of the profits in assets such as oil wells, refineries and renewable energy.
