About Vitol
Vitol is a company based in London (United Kingdom) founded in 1966 was acquired by Sunoco Logisitics in September 2016. It operates as a Reseller / Distribution, and Brokerage / Intermediation. Vitol has completed 11 acquisitions, including Latvian Shipping Company, Liquind and Noble Group. Vitol offers products and services including Crude Oil and Products, Gas, Power, Sustainable Energy Solutions, and Metals. Vitol operates in a competitive market with competitors including Dominion Energy, Eni Next, Shell, Oxy and Naturgy, among others.
- Headquarter London, United Kingdom
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Vitol Group
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Annual Revenue
$1.3 M (USD)0as on Dec 31, 2023
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Net Profit
$252.61 K (USD)-51as on Dec 31, 2023
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EBITDA
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Latest Funding Round
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Investors
Avista Utilities
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Latvian Shipping Company
& 10 more
- Acquired by
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Products & Services of Vitol
Vitol offers a comprehensive portfolio of products and services, including Crude Oil and Products, Gas, Power, Sustainable Energy Solutions, and Metals. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Crude oil and products are traded and distributed globally.
Gas solutions are provided for energy transition needs.
Power trading services are offered in major markets.
Sustainable energy solutions are developed for energy transition.
Metals trading is facilitated through global networks.
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Software Development Team
60 people
Finance and Accounting
54 people
Commercial Team
30 people
Operations Team
26 people
Legal and Compliance
23 people
Leadership Team
16 people
Senior Team
14 people
Human Resources and Administration
12 people
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Funding Insights of Vitol
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Vitol
Vitol has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Avista Utilities and Sunoco Logisitics. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Avista Utilities is engaged in providing energy services.
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Founded Year | Domain | Location | |
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Crude oil and natural gas are transported through pipelines.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Vitol
Vitol has strategically engaged in corporate development activities, having acquired 11 companies. Notable acquisitions include Latvian Shipping Company, Liquind and Noble Group. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of CNG and LNG filling services
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2015 | ||||
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Solar financial services are provided for renewable energy projects.
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2014 | ||||
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Solar and wind energy projects are installed in Poland.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Vitol
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Vitol Comparisons
Competitors of Vitol
Vitol operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Dominion Energy, Eni Next, Shell, Oxy and Naturgy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Energy production and transportation are conducted by Dominion Energy.
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| domain | founded_year | HQ Location |
Provider of exploration, production, and distribution services of oil & gas
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| domain | founded_year | HQ Location |
Shell is recognized as a global energy and petrochemical company.
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| domain | founded_year | HQ Location |
Integrated petroleum services are provided worldwide by Oxy.
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| domain | founded_year | HQ Location |
Electricity and natural gas distribution services are provided globally.
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| domain | founded_year | HQ Location |
Gazprom is engaged in the exploration, production, and distribution of natural gas.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Vitol
Frequently Asked Questions about Vitol
When was Vitol founded?
Vitol was founded in 1966.
Where is Vitol located?
Vitol is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
What is the annual revenue of Vitol?
Annual revenue of Vitol is $1.3M as on Dec 31, 2023.
What does Vitol do?
Vitol is involved in the trading and distribution of energy and commodities worldwide. Operations span crude oil, gas, power, sustainable energy solutions, and metals. The company is committed to the energy transition through investments in renewables, biogas, hydrogen, and carbon capture. With over 55 years of experience, Vitol serves major markets using an extensive network of logistics and assets. Solutions are tailored for industrial and utility customers, including supply, offtake options, and carbon offsetting. The business operates from over 40 offices across every continent, ensuring efficient and responsible energy flow.
Who are the top competitors of Vitol?
Vitol's top competitors include Dominion Energy, Shell and Oxy.
What products or services does Vitol offer?
Vitol offers Crude Oil and Products, Gas, Power, Sustainable Energy Solutions, and Metals.
How many acquisitions has Vitol made?
Vitol has made 11 acquisitions, including Latvian Shipping Company, Liquind, and Noble Group.
Who are Vitol's investors?
Vitol has 2 investors. Key investors include Avista Utilities, and Sunoco Logisitics.
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