Energy trading companies like Vitol and Mercuria have seen significant profits in recent years. Vitol reported a net income of around $13 billion in 2023, its second-best year ever. Mercuria made approximately $2.7 billion last year, slightly lower than its record in 2022. The top commodity trading houses are experiencing massive windfalls from the energy markets, with combined net profits exceeding $50 billion in the past two years.
The four leading privately-owned energy traders have made combined net profits of more than $50 billion in the past two years https://t.co/I1aOpKA6xU via @megacontango @jfarchy https://t.co/4TXcZiKmY9
Oil demand growth expected to be at 1.9mbpd this year - CEO Vitol #oott
#India's Q1 oil demand growth momentum seen spilling over to Q2 as elections loom #oott https://t.co/IsarwDE1Oz
Commodity Traders Rake in Billions in Second Blockbuster Year Profits last year were down only slightly on record 2022 Windfall shared by a few shareholders at privately held firms https://t.co/tdfXffTnju
COMMODITY TRADING: Mercuria enjoyed its 2nd-best year ever for earnings in 2023 (~$2.7 billion, down ~10% from a record in 2022), joining other major trading houses in booking huge windfalls from energy markets last year | @jfarchy @megacontango #OOTT https://t.co/Gfqg9R4lyG
Swiss commodity trader Mercuria notched profit of about $2.7 billion last year, according to people familiar with the matter. https://t.co/jxUPvMLziG via @markets #Switzerland
Swiss commodity trader Mercuria notched profit of about $2.7 billion last year, according to people familiar with the matter. https://t.co/hRInHVqjzg
Leaders of the top commodity trading houses are arriving at this week's industry summit in Lausanne with cash to burn, writes @megacontango https://t.co/6i50H4JSLh
India's fuel demand hits new fiscal year record, up about 5% #oott https://t.co/zgIwG07FN7
A VERY PROFITABLE ENERGY CRISIS: Vitol, the world's largest independent oil trading company, has made more money in the last 3 years than during the past 30 years combined. (In 2023, it made ~$13 billion in net income, its 2nd best year ever: https://t.co/Nyur2SICUg | #OOTT https://t.co/9HB2op0lVA