Founded in 1966 by Henk Viëtor and Jacques Detiger in Rotterdam, Netherlands, Vitol SA is a Swiss-based company specializing in the exploration, production, refining, trading, and shipping of oil and gas products. The company operates globally, providing services such as energy and commodities trading, shipping and chartering, terminals and storage, exploration and production, and power generation. Vitol's core mission is to deliver energy solutions safely and efficiently while maintaining global connectivity and responsibility.
Notable figures associated with Vitol include CEO Russell Hardy. The company has achieved significant milestones, including a revenue of $404 billion and a net income of $13 billion in 2023. Vitol has expanded its global footprint with 40 locations worldwide and has made strategic acquisitions, such as the shareholding in Saras S.p.A. Its impact on the energy sector is profound, contributing to global energy supply chains and fostering long-term partnerships, such as the extended LNG supply agreement with KOMIPO.
