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About PBF Energy
Industries
Energy
Financial Services
Company Size
1,001-5,000
Company Stage
IPO
Total Funding
N/A
Headquarters
New Jersey
Founded
2008
Overview
PBF Energy operates six oil refineries in the United States, processing over 1,000,000 barrels of crude oil daily. The company specializes in refining various types of crude oil into products like gasoline, diesel, and jet fuel, utilizing sophisticated processes that allow for a high yield of valuable products. PBF Energy stands out from competitors due to its high Nelson Complexity Index, which indicates advanced refining capabilities. The company's goal is to optimize its operations and maintain financial health while effectively serving a diverse client base.
Simplify's Take
What believers are saying
- PBF Energy's St. Bernard Renewables joint venture focuses on sustainable fuel production.
- Technological advancements in refinery processes improve operational efficiency for PBF Energy.
- Growing demand for petrochemicals presents market expansion opportunities for PBF Energy.
What critics are saying
- Planned maintenance shutdowns could lead to temporary supply disruptions and financial losses.
- Significant financial losses may impact investor confidence and capital-raising ability.
- Competitors' investments in sustainable fuels could threaten PBF Energy's market share.
What makes PBF Energy unique
- PBF Energy operates six strategically located refineries across the United States.
- The company's refineries have a high Nelson Complexity Index of 12.8.
- PBF Energy processes a diverse range of crude oils, including medium and heavy sour crudes.
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Funding
Total Funding
$0
Below
Industry Average
Funded Over
1 Rounds
Benefits
Health Insurance
Company News
In a bid to drive efficiency, PBF Energy has launched the Refining Business Improvement Program.
Fourth quarter loss from operations of $383.2 million (excluding special items, fourth quarter loss from operations of $427.9 million). Full year loss from operations of $699.0 million (excluding special items, full year loss from operations of $588.0 million). Declares quarterly dividend of $0.275 per share
US refiner PBF Energy will shut unspecified units from Tuesday at its Torrance refinery in Los Angeles for one week of planned maintenance...
PARSIPPANY, N.J., Dec. 20, 2024 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) announced today that it will release its earnings results for the fourth quarter 2024 on Thursday, February 13, 2025. The company will host a conference call and webcast regarding results and other business matters on Thursday, February 13, 2025, at 8:30 a.m. ET.The call is being webcast and can be accessed on PBF Energy's website, http://www.pbfenergy.com. The call can also be accessed by dialing (800) 579-2543 or (785) 424-1789, Conference ID: PBF4Q24
PARSIPPANY, N.J., Dec. 20, 2024 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) today announced that members of its management team will participate in the Goldman Sachs Energy, CleanTech & Utilities Conference on January 6-8, 2025.Any company presentation materials will be made available on the Investor Relations section of the PBF Energy website at www.pbfenergy.com.About PBF Energy Inc.PBF Energy Inc. (NYSE:PBF) is one of the largest independent refiners in North America, operating, through its subsidiaries, oil refineries and related facilities in California, Delaware, Louisiana, New Jersey and Ohio. Our mission is to operate our facilities in a safe, reliable and environmentally responsible manner, provide employees with a safe and rewarding workplace, become a positive influence in the communities where we do business, and provide superior returns to our investors.PBF Energy is also a 50% partner in the St. Bernard Renewables joint venture focused on the production of next generation sustainable fuels.Contacts:Colin Murray (investors)[email protected]Tel: 973.455.7578Michael C
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About PBF Energy
Industries
Energy
Financial Services
Company Size
1,001-5,000
Company Stage
IPO
Total Funding
N/A
Headquarters
New Jersey
Founded
2008
PBF Energy is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today