# Vitol

> Dutch petroleum company

**Wikidata**: [Q687365](https://www.wikidata.org/wiki/Q687365)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Vitol)  
**Source**: https://4ort.xyz/entity/vitol

## Summary
Vitol is a Dutch petroleum company founded in 1966, specializing in global energy trading and logistics. Based in Geneva, Switzerland, Vitol operates as a subsidiary of the Latvian Shipping Company and is involved in the petroleum industry, with a significant presence in Rotterdam, the Netherlands. The company has a long history of revenue fluctuations, with reported earnings ranging from $140 million to $505 million annually, and employs around 1,500 to 5,441 people.

## Key Facts
- **Classification**: Organization undertaking commercial, industrial, or professional activity.
- **Type**: Enterprise producing goods or services with autonomy in decision-making.
- **Industry**: Petroleum industry.
- **Headquarters**: Geneva, Switzerland.
- **Founded**: 1966.
- **Aliases**: Vitol S.A.
- **Website**: [vitol.com](http://vitol.com/).
- **Revenue**: Ranges from $140 million to $505 million annually (specific yearly figures not provided).
- **Employees**: Between 1,500 and 5,441.
- **Net Profit**: Ranges from $8.5 million to $4.2 billion (specific yearly figures not provided).
- **Subsidiaries**: Viva Energy (Australia, founded 2014).
- **Ownership**: Operated by the Latvian Shipping Company (founded 1940, based in Latvia).
- **Sitelink Count**: 26 (indicating notable online references).

## FAQs
- **What kind of company is Vitol?**
  Vitol is a Dutch petroleum company specializing in global energy trading and logistics, operating as an enterprise with autonomy in decision-making.

- **Where is Vitol headquartered?**
  Vitol is headquartered in Geneva, Switzerland, though it is a Dutch company.

- **How many employees does Vitol have?**
  Vitol employs between 1,500 and 5,441 people, with the exact number varying by year.

- **What is Vitol’s revenue?**
  Vitol’s revenue fluctuates annually, ranging from $140 million to $505 million.

- **Who owns Vitol?**
  Vitol is operated by the Latvian Shipping Company, a legal entity founded in 1940.

- **Does Vitol have subsidiaries?**
  Yes, Vitol has Viva Energy, an oil company based in Australia and founded in 2014.

- **What is Vitol’s net profit?**
  Vitol’s net profit ranges from $8.5 million to $4.2 billion, depending on the year.

## Why It Matters
Vitol plays a critical role in the global petroleum industry by facilitating energy trading and logistics, particularly in Europe and Australia. Its operations support global energy markets, with a strong presence in Rotterdam and Geneva. As a subsidiary of the Latvian Shipping Company, Vitol leverages international shipping networks to manage oil products efficiently. The company’s revenue and profit fluctuations reflect its dynamic role in energy markets, adapting to global demand and supply conditions. Its involvement in both Europe and Australia highlights its global reach and strategic positioning in the petroleum sector.

## Notable For
- **Global Energy Trading**: Vitol operates as a key player in global petroleum logistics and trading.
- **Subsidiary Expansion**: Owns Viva Energy in Australia, expanding its market reach.
- **Revenue Variability**: Experiences significant fluctuations in revenue and profit, indicating its sensitivity to market conditions.
- **Strategic Headquarters**: Headquartered in Geneva, Switzerland, while maintaining Dutch corporate status.
- **Latvian Shipping Ties**: Operated by the Latvian Shipping Company, integrating with international shipping networks.

## Body
### Overview
Vitol is a Dutch petroleum company founded in 1966, specializing in global energy trading and logistics. It is classified as an organization undertaking commercial, industrial, or professional activity, and operates as an enterprise with autonomy in decision-making. The company is headquartered in Geneva, Switzerland, and is involved in the petroleum industry, with a significant presence in Rotterdam, the Netherlands.

### Financials
Vitol’s financial performance varies annually, with revenue ranging from $140 million to $505 million and net profit fluctuating between $8.5 million and $4.2 billion. The company employs between 1,500 and 5,441 people, reflecting its operational scale. These figures highlight its dynamic role in the energy sector, adapting to market conditions and global demand.

### Ownership and Subsidiaries
Vitol is operated by the Latvian Shipping Company, a legal entity founded in 1940 and based in Latvia. The company also owns Viva Energy, an oil company founded in 2014 and based in Australia. These relationships demonstrate Vitol’s strategic partnerships and market expansion efforts.

### Industry and Location
Vitol is part of the petroleum industry, with operations in both Europe and Australia. Its headquarters in Geneva, Switzerland, and presence in Rotterdam, the Netherlands, underscore its global reach and strategic positioning in energy markets.

### Historical Context
Founded in 1966, Vitol has established itself as a significant player in global energy trading. Its long history includes revenue fluctuations and shifts in employee numbers, reflecting its adaptation to industry changes. The company’s operations are tied to international shipping networks, further enhancing its market influence.

## References

1. [Source](https://www.vitol.com/who-we-are/)
2. Freebase Data Dumps. 2013
3. [Source](https://www.vitol.com/careers/)
4. [Vitol. Our people (2023). Vitol. 2023](https://www.vitol.com/our-people/)
5. [Vitol. Our people (2025). Vitol. 2025](https://www.vitol.com/careers/#our-people)
6. [Source](http://km.aifb.kit.edu/services/crunchbase/)
7. [Source](https://www.vitol.com/who-we-are/our-business-in-numbers/)
8. [Source](https://www.vitol.com/vitol-2017-volumes-review/)
9. [Source](https://www.vitol.com/about-us/)
10. [Source](https://www.vitol.com/vitol-2021-volumes-and-review/)
11. [Source](https://www.vitol.com/vitol-2022-volumes-and-review/)
12. [Vitol 2023 volumes and review. Vitol. 2024](https://www.vitol.com/vitol-2023-volumes-and-review/)
13. [Vitol 2024 volumes and review. Vitol. 2024](https://www.vitol.com/vitol-2024-volumes-and-review/)
14. [Oil Trading Giant Vitol Posts Record Profit of $4.2 Billion. Bloomberg News. 2022](https://www.bloomberg.com/news/articles/2022-08-02/oil-trading-giant-vitol-posts-record-profit-of-4-2-billion)
15. [Source](https://www.reuters.com/business/energy/exclusive-vitol-made-record-net-profit-full-year-2021-sources-2022-03-29/)
16. [Oil Trader Vitol Doubled Average Pay on Record $15.1 Billion Profit. Bloomberg News. 2023](https://www.bloomberg.com/news/articles/2023-07-21/trader-vitol-doubled-average-pay-on-record-15-1-billion-profit)
17. [Vitol Earned $13 Billion in Second Year of Blowout Profits. Bloomberg News. 2024](https://www.bloomberg.com/news/articles/2024-04-08/vitol-earned-13-billion-in-second-year-of-blowout-profits)
18. [Vitol posts $8 billion to $8.5 billion net profit in 2024, sources say. Reuters. 2025](https://www.reuters.com/business/energy/vitol-posts-80-85-bln-net-profit-2024-sources-say-2025-04-07/)
19. [2020](https://www.gleif.org/content/4-lei-data/8-lei-mapping/1-download-bic-to-lei-relationship-files/bic_lei_gleif_v1_monthly_full_20200327.csv)
20. Quora
21. [European Register of Market Participants](https://www.acer-remit.eu/portal/export-public-eu-register)