15 Hrs
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الاقتصادية
Largest independent oil trader to halve profits in 2025
Vitol, the world's largest independent oil trading company, lost half of its profits in 2025 compared to 2024, recording approximately $4.2 billion in profits versus $8.7 billion. Shareholder distributions decreased to $5.9 billion from $10.6 billion. This decline was due to the downturn in energy markets and market stabilization after a period of boom driven by uncertain geopolitical conditions. Despite new upheavals caused by the war between the United States, Israel, and Iran, positive expectations remain for 2026. Additionally, disclosures showed a drop in shareholders’ equity to $29.1 billion and the cancellation of a pending acquisition of assets from Italian company Eni in the Congo, following the expiration of the set deadline.
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