Gunvor Group is one of the world’s leading independent global commodities trading companies, specializing in energy commodities such as crude oil, refined petroleum products, natural gas, LNG, biofuels, power, carbon emissions, base metals, and bulk materials. The Company operates major trading hubs in Geneva, Singapore, and Houston, supported by a network of trading and representative offices.
Gunvor’s logistics and infrastructure assets—retail fuel networks, refineries, biofuel plants, power plants, storage terminals, pipelines, and shipping— complement its trading activities, enabling the Company to provide efficient, integrated services across the supply chain. Through strategic investments and asset ownership, Gunvor maintains flexibility, optimizes margins, and effectively captures growth opportunities in global commodity markets.
Founded in 2000, Gunvor began with a narrow focus on oil exports but quickly grew in scale and complexity. By 2024, the Company had reached trading volumes of 232 million metric tons—equivalent to 4.6 million barrels of oil equivalent per day—making it one of the top independent energy trading firms globally. Gunvor has successfully diversified its trading portfolio to include products that align with the global energy transition, including a growing share of lower-carbon and renewable commodities.
Shipping remains a vital component of Gunvor’s operations and is managed through its wholly owned chartering subsidiary, Clearlake Shipping. Through joint ventures and equity stakes in a diverse fleet of vessels, Gunvor leverages its shipping operations not just to support trading but also as a standalone revenue stream.
The Company’s integrated model—blending, trading, shipping, and physical assets—enables it to anticipate and capitalize on market shifts. Strategic investments are guided by detailed market intelligence and local knowledge, allowing Gunvor to act decisively and competitively whilst taking advantage of growing market dynamics.
Gunvor Group, the parent Company, is headquartered in Cyprus. Ownership remains entirely internal, with 84.79% held by the Company’s co-founder and Chairman, Torbjörn Törnqvist, and the remaining 15.21% distributed through the employee share plan (as of 31 December 2024). This structure reflects a commitment to private, employee-aligned governance, and long-term strategic independence.
Revenue
2024 Numbers:
$1.8
Gross profit (billion)
$729
Net profit after taxes (million)