The business earlier disclosed that its turnover would almost double from $279 billion in 2021 to $505 billion in 2022.
Due to a spike in prices following the start of the confict in Ukraine in February 2022, commodity companies earned enormous profits last year. Trafigura, Glencore, and Mercuria have all recently reported record numbers. But in terms of earnings, Vitol far outperformed its rivals.
Vitol refused to comment on the profit estimate from the FT. It is not required to formally disclose its financial results because it is a private company.
source: ft.com
Due to a spike in prices following the start of the confict in Ukraine in February 2022, commodity companies earned enormous profits last year. Trafigura, Glencore, and Mercuria have all recently reported record numbers. But in terms of earnings, Vitol far outperformed its rivals.
Vitol refused to comment on the profit estimate from the FT. It is not required to formally disclose its financial results because it is a private company.
source: ft.com
