The 3,300 employees of an oil trading firm each made almost $800,000 last year – way more than Wall Street bank staff

• Commodity and energy trader Vitol Group made net profits of $15.1 billion in 2022, per Bloomberg.
• Its 3,300 employees were paid an average of $785,000 – nearly double the sum for the previous year.
• The salary and bonus figure dwarfs the average earnings of staff at big Wall Street banks.

Staff at Vitol Group received huge raises this year after the oil trading firm posted a record profit of $15.1 billion.

Vitol’s 3,311 staff each earned an average of $785,000 in salary and bonuses, according to Bloomberg, up from $394,000 in 2022.