Vitol Group is a leading independent energy and commodities trading company founded in 1966 in Rotterdam, Netherlands. It specializes in the physical trading and distribution of crude oil, petroleum products, natural gas, LNG, coal, electric power, metals, and carbon credits. The company handles substantial global volumes, typically trading around 7 to 8 million barrels per day of crude oil and products while delivering hundreds of millions of tonnes of energy equivalent annually.
Beyond core trading activities, Vitol maintains investments across the value chain, including refining capacity of approximately 850,000 barrels per day, power generation assets, storage terminals, shipping and chartering operations, and exploration and production projects. It operates a network of more than 40 offices worldwide, with major operational centers in Geneva, Houston, London, and Singapore. Downstream activities include a portfolio of service stations and retail networks through subsidiaries such as Vivo Energy.
The group is privately held, with ownership distributed among approximately 400 to 600 partners who are current and former employees. This employee-owned structure supports a long-term strategic outlook. As the world's largest independent energy trader, Vitol occupies a central position in global energy markets, supplying national oil companies, industrial and chemical firms, utilities, airlines, and other major customers. It has also pursued investments in sustainable energy solutions, renewables, and circular economy initiatives while maintaining its core focus on reliable energy delivery.
Also known as Vitol SA and Vitol Holding II S.A..
chemXplore tracks 5 projects involving Vitol, of which 5 are active.
Vitol's role on them: Owner, Investor / Financier, and Offtaker.
4 new construction and 1 expansion.
2 of the active projects carry no start-up date yet.
Contractors, licensors, and offtakers are recorded on all 5 of them For subscribers
Targeting: Crude oil (4), Natural gas (2), Pyrolysis oil (1)
Deals cover a 50/50 PSA for unconventional hydrocarbons, Absheron FID, LNG export options for Haynesville gas, cloud operator appointment and a 10% Baleine stake.
Adds a 10% interest in the Baleine offshore field; discovered 2021, production began 2023. Project is billed as Africa’s first net‑zero offshore oil and gas development.
Two offshore blocks (~2,100 km², 750–2,800 m depth) in the Tano Basin; MoUs aim to finalise Petroleum Agreements and follow a Memorandum of Intent signed last year.
Medium-to-heavy sweet crude from Tilenga and Kingfisher, up to 230,000 b/d, will ship via the EACOP to the Port of Tanga; a US$2bn facility and Tanga regional hub are planned.
Revenue $2.76bn; net income $363m; Subsea inbound $2.5bn; cash from operations $548m and free cash flow $488m; $440m returned to shareholders.
Double-digit underlying production growth, new JV and project FIDs, entry into critical minerals, and a larger share buyback with slightly higher 2026 production guidance.
Two awards cover Baleine Phase 3 offshore pipelines and subsea systems, and an EPC deoxygenation unit at the Venice biorefinery to boost HVO output.
Design and manufacture flexible flowlines and risers to tie wells in ~1,200 m water depth to a new floating production unit for a fast‑track expansion offshore Côte d’Ivoire.
By country, the most active first. active / all projects
