Vitol Returns Record Cash to Owners

Vitol paid out a record-breaking $10.6 billion in share buybacks to its private owners last year, Bloomberg has reported, noting this brought the total in buybacks that the commodity major distributed since 2014 to more than $31 billion. Vitol is owned by its management and employees, with the number somewhere between 450 and 500 people. The payout, according to Bloomberg, highlights the continued energy market disruption that has made a lot of money to a small group of commodity trading companies since 2022, the start of the war in Ukraine and…