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Top #Oil Trader Vitol Paid $1.12 Billion to Shareholders in 2016 #investorseurope #finance #news #tax #money #business

Top #Oil Trader Vitol Paid $1.12 Billion to Shareholders in 2016 #investorseurope #finance #news #tax #money #business | Offshore Trader | Scoop.it
Vitol Group paid $1.12 billion to top executives and staff through share buybacks in 2016, one of the highest ever payouts by the world’s biggest independent oil trader.
Igor Espanhol's insight:

"While energy-rich nations suffered from the crude rout in 2016, traders such as Vitol benefited from market volatility and opportunities to lock in profits by storing oil and selling futures contracts for delivery at higher prices. The payment -- made on top of salaries and bonuses -- was the third highest in the nine years through 2016. Vitol shareholders were awarded payouts totaling about $7.5 billion over that period, the filings show."

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Offshore Trader
Offshore Trader is a best of breed offshore but online trading platform that, together with a nominee trading account, gives clients privacy.Disclaimer : this page is not intended for any specific nationality or jurisdiction. It is also not intended to solicit clients from any specific jurisdiction including the Republic of Mauritius inter alia.
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