The coronavirus pandemic was good to the oil trading segment of the energy industry. While oil and gas companies floundered as oil demand tanked and lockdowns ensued, oil traders such as Vitol Group made a killing. And Vitol just shared its spoils with its employees--$2.9 billion of it, anyway. Vitol Group’s $2.
9 billion payment was the most it has ever paid out. A fact that seems fitting given the record results that the commodity trader saw in 2020. Its net profit last year was $3.2 billion, most of which was earned during the horrific…World’s Largest Oil Trader Pays Billions To Execs, Staff
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