(Reuters) -Commodity trader Trafigura has deferred about 30% of the buybacks that were scheduled for this year amid a fresh wave of senior executive departures, Bloomberg News reported on Friday, citing people familiar with the matter.
Conversations have turned to whether the commodity trading giant will delay part of next year’s planned repurchases as well, the report added.
Over the past two years, Trafigura has seen some senior executives retire or depart. This trend has continued in 2025 with the departure of Hadi Hallouche, former head of the downstream oil division; Julien Rolland, head of strategic projects; and Ignacio Moyano, the chief risk officer.
Share buybacks are the primary way Trafigura rewards its employee-shareholders, and they have been a source of substantial wealth in recent years.
Trafigura reported in June that its net profit rose slightly on the year to about $1.52 billion in the first half of its 2025 financial year, while its revenues fell on lower average commodity prices.
(Reporting by Ashitha Shivaprasad in Bengaluru, Editing by Louise Heavens)
