PBF Energy (NYSE:PBF), Inc. is an independent petroleum refiner organized in 2008 and headquartered in Parsippany, New Jersey. The company began trading on the New York Stock Exchange in July 2012 under the ticker symbol PBF. Since its formation, PBF Energy has grown through acquisitions and operational optimization, positioning itself as a leading supplier of refined petroleum products in the United States.
The company owns and operates five refineries located along the U.S. Gulf Coast, East Coast and in the Pacific Northwest, with a combined crude oil processing capacity of approximately 900,000 barrels per day. These facilities convert a broad slate of domestic and imported crudes into a range of fuels and specialty products, including unleaded gasoline, ultra-low sulfur diesel, jet fuel, heating oil, asphalt and other petrochemical intermediates.
Complementing its refining operations, PBF Energy sponsors PBF Logistics LP, a publicly traded master limited partnership that owns and manages pipelines, storage terminals and marine docks. This logistics platform helps secure feedstock supply and product off-take, enhancing the company’s ability to deliver refined products to wholesale customers, distributors and regional markets throughout the United States.
Leadership at PBF Energy is anchored by Thomas J. Nimbley, who has served as President and Chief Executive Officer since January 2015. Under his stewardship, the company has focused on streamlining operations, reducing costs and expanding its asset footprint to capture margin opportunities across varied market conditions.
