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The Guardian - UK
The Guardian - UK
World
Rupert Neate Wealth correspondent

Trafigura pays out record $3bn to its top traders after more than doubling profits

Jeremy Weir, Chief Executive Officer of Trafigura Group, attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 23, 2018
Jeremy Weir, chief executive of Trafigura, said its core business of moving commodities was ‘more critical and more in demand than ever before’. Photograph: Denis Balibouse/Reuters

Oil and commodities trader Trafigura has paid out a record $3bn (£2.4bn) to its top traders after more than doubling its half-yearly profits to $5.5bn largely due to the rise of prices following Russia’s invasion of Ukraine.

The company, which has been beset by a string of fraud and toxic waste dumping scandals, announced on Wednesday the staff dividend would share out a 107% jump in net profits as a result of the global turmoil.

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