PBF Energy Inc. (PBF) is an American independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products. Established in 2008, PBF is headquartered in Parsippany, New Jersey. Its primarily engaged in the refining and supply of petroleum products and is considered one of the largest independent refiners in North America, operating through two segments: Refining and Logistics.
The refining segment of PBF Energy Inc. comprises of crude oil refineries and related activities, which focus on producing a wide range of petroleum products, including gasoline, ultra-low-sulfur diesel (ULSD), jet fuel, and heavy products like lubricants and asphalt. Their facilities boast significant crude oil processing capacity, with a combined throughput of over 900,000 barrels per day across their refineries located in Torrance (California), Delaware City (Delaware), Paulsboro (New Jersey), Toledo (Ohio), and Chalmette (Louisiana).
PBF's logistics segment, operated via its subsidiary PBF Logistics LP (PBFX), focuses on owning or leasing, operating, developing, and acquiring crude oil and refined petroleum products terminals, pipelines, storage facilities, and similar logistics assets.
One of PBF's core strategies is the optimization of its assets to maximize profitability. The company accomplishes this through strategic sourcing of cheaper crude oil, opportunistic purchasing and processing of feedstocks, enhancing yield of high-value products, reducing operating expenses, and managing its product supply and distribution.
PBF Energy Inc. is deeply committed to ensuring safety, environmental responsibility, and the health of its employees and the communities it operates in. They aim to minimize their environmental footprint and contribute positively to the economic lifeline of the communities they operate in. Their focus on delivering shareholder value while maintaining sustainable business practices has made PBF Energy a key player in the petroleum refining industry.