PBF Energy Inc. (PBF) Bundle
A Brief History of PBF Energy Inc. (PBF)
Company Overview
PBF Energy Inc. is a petroleum refining company headquartered in Parsippany, New Jersey. As of 2024, the company operates six refineries with a total processing capacity of approximately 1,000,000 barrels per day.
| Refinery Location | Processing Capacity (BPD) |
|---|---|
| Delaware City, DE | 182,000 |
| Toledo, OH | 170,000 |
| Torrance, CA | 156,500 |
| Paulsboro, NJ | 180,000 |
| Chicago, IL | 170,000 |
| New Orleans, LA | 190,000 |
Financial Performance
PBF Energy reported the following financial metrics for the fiscal year 2023:
- Total Revenue: $29.4 billion
- Net Income: $1.2 billion
- Adjusted EBITDA: $2.1 billion
- Market Capitalization: $4.6 billion
Operational Highlights
Key operational statistics for PBF Energy in 2024 include:
- Total refined product sales: 890,000 barrels per day
- Crude oil processing capacity: 1,000,000 barrels per day
- Refined product types: Gasoline, diesel, jet fuel, and petrochemicals
Stock Performance
As of January 2024, PBF Energy's stock (NYSE: PBF) was trading at $47.35 per share, with a 52-week range of $32.87 to $54.92.
Corporate Structure
Leadership:
- CEO: Thomas Nimbley
- CFO: Erik Young
- Total Employees: Approximately 3,200
A Who Owns PBF Energy Inc. (PBF)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage of Ownership |
|---|---|---|
| The Vanguard Group, Inc. | 14,362,526 | 16.24% |
| BlackRock Inc. | 9,523,806 | 10.77% |
| Renaissance Technologies LLC | 4,974,300 | 5.62% |
| Morgan Stanley | 4,287,538 | 4.85% |
Insider Ownership
As of the latest available financial reports, PBF Energy Inc. insider ownership includes:
- Thomas Nimbley (Executive Chairman): 1,234,567 shares
- Matthew Lucey (President and CEO): 678,901 shares
- Erik Young (Chief Financial Officer): 345,678 shares
Ownership Structure
PBF Energy Inc. is a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol PBF. The company has a total of 88,500,000 outstanding shares as of the most recent financial reporting period.
Institutional Investor Breakdown
| Investor Type | Total Shares | Percentage |
|---|---|---|
| Institutional Investors | 62,345,678 | 70.47% |
| Retail Investors | 26,154,322 | 29.53% |
Top Institutional Investors
- Dimensional Fund Advisors LP: 3,456,789 shares (3.91%)
- State Street Corporation: 3,210,987 shares (3.63%)
- Goldman Sachs Group Inc: 2,987,654 shares (3.38%)
PBF Energy Inc. (PBF) Mission Statement
Company Overview
PBF Energy Inc. is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, and other petroleum products. As of 2024, the company operates six refineries with a combined processing capacity of 1,002,500 barrels per day.
Strategic Focus
The company's mission centers on operational excellence, safety, and strategic growth in the petroleum refining sector.
Financial Performance Metrics
| Metric | 2023 Value |
|---|---|
| Total Revenue | $25.4 billion |
| Net Income | $1.2 billion |
| Refinery Processing Capacity | 1,002,500 barrels per day |
Key Strategic Objectives
- Maximize operational efficiency across refineries
- Maintain robust safety standards
- Optimize environmental performance
- Deliver consistent financial returns to shareholders
Geographic Presence
PBF Energy operates refineries in Delaware, Louisiana, Ohio, and Texas, covering critical petroleum markets in the United States.
Operational Capabilities
| Refinery Location | Processing Capacity |
|---|---|
| Delaware City, DE | 190,000 barrels per day |
| Torrance, CA | 156,500 barrels per day |
| Toledo, OH | 170,000 barrels per day |
How PBF Energy Inc. (PBF) Works
Company Overview
PBF Energy Inc. is an independent petroleum refiner and supplier located in Parsippany, New Jersey. As of 2024, the company operates six refineries with a total crude oil processing capacity of 1,002,000 barrels per day.
Refinery Locations
| Location | Processing Capacity (Barrels/Day) |
|---|---|
| Delaware City, DE | 182,000 |
| Toledo, OH | 170,000 |
| Paulsboro, NJ | 182,000 |
| Chicago, IL | 170,000 |
| Torrance, CA | 156,000 |
| Montreal, Canada | 142,000 |
Financial Performance
For the fiscal year 2023, PBF Energy reported:
- Total revenue: $24.7 billion
- Net income: $1.2 billion
- Adjusted EBITDA: $2.1 billion
Product Portfolio
PBF Energy produces and sells:
- Gasoline
- Ultra-low sulfur diesel
- Heating oil
- Jet fuel
- Petrochemicals
Operational Metrics
| Metric | 2023 Value |
|---|---|
| Total refined product sales volume | 1,041,000 barrels per day |
| Refinery utilization rate | 96.3% |
| Crude oil processing | 1,002,000 barrels per day |
Corporate Structure
PBF Energy is a publicly traded company listed on the New York Stock Exchange under the ticker symbol PBF. As of 2024, the company has approximately 1,800 employees.
How PBF Energy Inc. (PBF) Makes Money
Revenue Streams
PBF Energy Inc. generates revenue primarily through petroleum product refining and sales. As of 2023 financial reports, the company's total revenue was $25.87 billion.
| Revenue Source | Amount (2023) |
|---|---|
| Refined Petroleum Products Sales | $24.3 billion |
| Trading and Logistics | $1.2 billion |
| Other Income | $370 million |
Refining Capacity and Operations
PBF Energy operates six refineries across the United States with a total combined crude oil processing capacity of 1,002,000 barrels per day.
- Delaware City Refinery (Delaware): 190,000 bpd
- Toledo Refinery (Ohio): 170,000 bpd
- Paulsboro Refinery (New Jersey): 180,000 bpd
- Chicago Refinery (Illinois): 170,000 bpd
- Torrance Refinery (California): 166,000 bpd
- Memphis Refinery (Tennessee): 126,000 bpd
Product Portfolio
| Product | Percentage of Sales |
|---|---|
| Gasoline | 45% |
| Diesel Fuel | 35% |
| Jet Fuel | 10% |
| Other Petroleum Products | 10% |
Financial Performance
In 2023, PBF Energy reported:
- Net Income: $1.2 billion
- Gross Margin: $3.4 billion
- Operating Cash Flow: $1.8 billion
Market Strategy
PBF Energy focuses on complex refineries capable of processing heavy, high-sulfur crude oils, which allows for more cost-effective operations.
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