Who Owns PBF Energy?
PBF Energy is the master brand of PBF Energy Inc. (NYSE: PBF), the independent petroleum refiner headquartered in Parsippany, New Jersey. The brand covers six US refineries producing gasoline, diesel, and other unbranded fuels sold wholesale. Parent FY2025 revenue was $33.1 billion with a loss from operations driven by the Martinez refinery outage.
Parent Company
Founded
2008
Status
Publicly Traded
Headquarters
Who Owns PBF Energy?
- Parent Company: PBF Energy Inc.
- Ownership Type: Brand division
- Company Type: Publicly Traded
- Stock Ticker: NYSE: PBF
| Brand | Parent Company | Ownership Type |
|---|---|---|
| PBF Energy | PBF Energy Inc. | Brand division |
History of PBF Energy
- Founded: 2008
- Founders: Thomas D. O'Malley (chairman at founding)
PBF Energy was founded in 2008 by refining veteran Tom O'Malley and private equity investors, launching with the Delaware City refinery acquisition as its founding asset. O'Malley had previously built and sold refinery businesses including Tosco.
The company assembled its system through acquisitions from majors divesting downstream: Paulsboro from Valero, Toledo from Sunoco, Chalmette from ExxonMobil in 2016, and Shell's Martinez and Equilon's Torrance in 2019 for West Coast reach.
The February 2025 Martinez refinery fire sidelined the California facility for most of the year, driving the reported operating loss and the subsequent $350 million cost restructuring program.
The PBF brand represents the largest truly independent US refiner, meaning the largest refining company without the retail brands, upstream production, or midstream integration that partially stabilize competitors' margins.
About PBF Energy Inc.
What does PBF Energy own?
PBF Energy owns six oil refineries in Delaware City, Paulsboro, Toledo, Chalmette, Torrance, and Martinez, plus logistics assets and a 50% renewable diesel joint venture interest.
Is PBF Energy publicly traded?
Yes. PBF Energy trades on the NYSE under ticker PBF.
Who founded PBF Energy?
PBF was founded in 2008 by refining executive Tom O'Malley and private equity investors, starting with the Delaware City refinery acquisition.
Where is PBF Energy headquartered?
PBF Energy is headquartered in Parsippany, New Jersey, USA.
Who owns PBF Energy?
PBF Energy is owned by public shareholders. Matthew Lucey serves as President and CEO.
What is PBF Energy's revenue?
PBF reported FY2025 revenue of $33.1 billion with a loss from operations of $54.3 million, impacted by the Martinez refinery outage.
Does PBF Energy own gas stations?
No. PBF sells unbranded transportation fuels wholesale to distributors and marketers; it does not operate consumer-facing retail brands.
- Founded: 2008
- Headquarters: Parsippany, New Jersey, USA
- Company Type: Publicly Traded
- Stock: NYSE: PBF
- Revenue: $33.1 billion (FY2025)
- Employees: Approximately 3,900
Where Is PBF Energy Made / Based?
- Headquarters: Parsippany, New Jersey, USA
- Manufacturing / Operations: United States (six refineries)
PBF Energy Categories & Tags
PBF Energy Recalls & Controversies
As a refiner, PBF's issues are operational and environmental.
Martinez refinery fire (2025): The February 2025 fire that sidelined the Martinez facility was the year's dominant operational incident, with community impact and regulatory scrutiny of the event and restart.
Environmental compliance: Refinery operations carry inherent environmental enforcement risk under Clean Air Act and state regulations, with periodic violations typical of the industry.
Refining economics volatility: The pure commodity model has produced dramatic earnings swings through cycles, with investor scrutiny during loss periods.
PBF Energy Ownership: Pros & Cons
Advantages
- +Largest truly independent US refiner with ~1 million bpd capacity
- +Coastal positioning serves high-value East, Gulf, and West Coast markets
- +Highly complex refineries produce premium product yields
- +$350 million cost savings program targets structural improvement
- +Wholesale model avoids retail capital and marketing costs
Considerations
- -Pure commodity exposure with no brand equity to stabilize margins
- -Martinez outage demonstrated single-asset operational risk
- -FY2025 operating loss reflects both incident and soft margins
- -No consumer brands means no direct customer relationship
- -Long-term fossil fuel demand uncertainty affects refining outlook
Frequently Asked Questions About PBF Energy
Sources & Further Reading
Competitors to PBF Energy
No direct competitors found in the same category. This could be because PBF Energyoperates in a unique market segment or we're still building our competitor database.
Independent Alternatives to PBF Energy
Looking for brands with different ownership structures? These similar brands are not owned by PBF Energy Inc., giving you alternative choices that support different corporate structures.
Energy UtilitiesNRG
Owned by NRG Energy, Inc.
Master retail energy brand of NRG Energy, Inc., covering electricity and natural gas services for residential, commercial, and industrial customers in competitive markets.
retail-energyelectricitynatural-gas
Publicly Traded
NRG operates independently without a large parent corporation.
Energy UtilitiesDominion Energy
Owned by Dominion Energy, Inc.
Consumer-facing electric utility brand of Dominion Energy, Inc., serving approximately 3.6 million customers in Virginia and South Carolina.
electric-utilityregulated-utilityvirginia
Publicly Traded
Dominion Energy operates independently without a large parent corporation.
Energy UtilitiesKinder Morgan
Owned by Kinder Morgan, Inc.
Master energy infrastructure brand of Kinder Morgan, Inc., operating the largest natural gas transmission network in the United States.
pipelinesenergy-infrastructurenatural-gas
Publicly Traded
Kinder Morgan operates independently without a large parent corporation.
Energy UtilitiesAdani Power
Owned by Adani Group
India's largest private thermal power producer, operating approximately 17,550 megawatts of installed capacity across eight states, listed on NSE and BSE.
power-generationenergythermal-power
Privately Owned
Adani Power is privately owned, unlike PBF Energy which is under a publicly traded parent company.
Energy UtilitiesBaker Hughes
Owned by Baker Hughes Company
Master brand of Baker Hughes Company, the global energy technology company providing oilfield services and industrial energy technology including LNG equipment and turbomachinery.
oilfield-servicesenergy-technologylng
Publicly Traded
Baker Hughes operates independently without a large parent corporation.
Energy UtilitiesHalliburton
Owned by Halliburton Company
Flagship oilfield services brand of Halliburton Company, founded in 1919 and a global leader in well completion and drilling services.
oilfield-servicesfrackingdrilling
Publicly Traded
Halliburton operates independently without a large parent corporation.
PBF Energy Inc. Stock Information
Jobs at PBF Energy Inc.
Latest News About PBF Energy
Related Articles About PBF Energy
View more articles
Global
Regional Brands That Got Swallowed by Multinationals
La Serenissima is now Arcor/Danone. Innovist is now L'Oreal. Zabka is being bought by Couche-Tard for $8.6B. S Brands is now Wipro. Discover regional brands swallowed by multinationals. Explore our database.
Who Brands StaffSep 26, 2026
GlobalAcquisitionsBrand Ownership
Global
Why Some Global Brands Have Different Names Abroad
Lay's is Walkers in the UK. Burger King is Hungry Jack's in Australia. KFC is PFK in Quebec. Mr. Clean is Don Limpio in Spain. Discover why global brands have different names abroad. Explore our database.
Who Brands StaffSep 24, 2026
GlobalInternationalBrand Ownership
Global
Brands That Mean Different Things in Different Countries
Fila is premium in Taipei but budget in Europe. Muller yogurt means indulgence in Italy but health in Germany. Starbucks' Tank Day caused boycotts in Korea. Discover brands that mean different things in different countries. Explore our database.
Who Brands StaffSep 23, 2026
GlobalInternationalBrand Ownership
People Also Searched
Discover popular brands and companies in the Energy & Utilities category and related searches from other users.
Brandcarbon-capture
1PointFive
Carbon capture subsidiary of Occidental Petroleum developing the STRATOS direct air capture facility and sequestration hubs in Texas.
Brand in Energy & Utilities
direct-air-captureccus
Brandfuel
76
76 is a classic American fuel brand owned by Phillips 66, famous for its orange ball logo, fronting branded gas stations primarily in the western United States.
Brand in Energy & Utilities
gasolineclassic-brand
Brandrenewable-energy
Adani Green Energy
Adani Green Energy Limited (AGEL) is India's largest renewable energy company by installed capacity, listed on the National Stock Exchange and BSE. It develops, builds, and operates solar and wind power plants across India.
Brand in Energy & Utilities
solarwind