Vitol is an energy and commodities company and sits at the heart of the world’s energy flows. Every day they use their 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 over seven million barrels of crude oil and products a day and delivering energy products to countries worldwide. Their customers include national oil companies, multinationals, leading industrial and chemical companies and the world’s largest airlines.They 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 Geneva, Houston, London 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 Ian Taylor.
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.