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Vitol
AddedFeb 13, 2024
UpdatedJun 28, 2026
Vitol

Vitol

Swiss-based Vitol SA mines, refines, trades, and ships oil and gas products globally.

HQ
Geneva, Canton of Geneva, CH
Founded
1966
Overview
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Employees
Website

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.

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Vitol - Quick Facts

Who are Vitol's competitors?

Companies similar to Vitol include Trafigura, Chevron, Vopak and Total.

When was Vitol founded?

Vitol was founded in 1966.

Where is Vitol's headquarters located?

Vitol's headquarters is located in Geneva, Canton of Geneva, CH.

How many employees does Vitol have?

Vitol has 1,600 employees as of Feb 4, 2024.

Vitol - Classification

Ownership
  • Private
Technology
  • Shipping
Geographic Exposure
  • Global
Revenue
  • Transactional
Customer
  • Enterprise
Main Product
  • Oil
Tags
  • Distribution
  • Energy
NAICS
  • 210000Mining, Quarrying, and Oil and Gas Extraction
  • 211000Oil and Gas Extraction
  • 211100Oil and Gas Extraction
  • 211120Crude Petroleum Extraction
SIC
  • 1300Oil And Gas Extraction
  • 1310Crude Petroleum And Natural Gas
  • 1311Crude Petroleum And Natural Gas
Show 15 more industry codes
NAICS
  • 220000Utilities
  • 221000Utilities
  • 221200Natural Gas Distribution
  • 221210Natural Gas Distribution
  • 440000Retail Trade
  • 457000Gasoline Stations and Fuel Dealers
  • 457100Gasoline Stations
  • 457120Other Gasoline Stations
  • 450000Retail Trade
SIC
  • 1380Oil And Gas Field Services
  • 1382Oil And Gas Field Exploration Services
  • 5500Automotive Dealers And Gasoline Service Stations
  • 5540Gasoline Service Stations
  • 5541Gasoline Service Stations
  • 5900Miscellaneous Retail