Current PBF Stock Info

~$1 billion transaction to boost PBF’s production volume by 157,000 BOPD
PBF Energy Inc. (stock ticker: PBF) has signed an agreement with Equilon Enterprises LLC d/b/a Shell Oil Products US to purchase the Martinez refinery, located in Martinez, California, for approximately $1 billion.

Depending when the deals closes, that figure could vary, perhaps dipping slightly to $900 million. As of right now, both companies have set the target date for some time later this year, pending regulatory approval and satisfaction of closing conditions.

Source: PBF Energy

Acquisition of the new facility would make the Martinez PBF’s second California-based refinery, and would boost the company’s total throughput capacity to over one million BOPD. ...

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