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.

PBF Energy was founded in 2008 by veteran refining executive Tom O'Malley and private equity backers, launching with the acquisition of the Valero Delaware City refinery as its founding asset. O'Malley had previously built and sold refinery businesses including Tosco.

The company grew through refinery acquisitions from majors divesting downstream assets: Paulsboro from Valero, Toledo from Sunoco, the 2016 Chalmette purchase from ExxonMobil, and the 2019 Shell Martinez and Equilon Torrance acquisitions that extended the footprint to the West Coast.

The Martinez refinery fire in early 2025 created the year's dominant operational challenge, sidelining the California facility for most of the year and driving the reported operating loss before the plant's early 2026 restart.

Through the acquisitions PBF assembled a six-refinery, million-barrel system positioned across US coastlines, the largest truly independent refining system by throughput among companies without major retail or upstream integration.

PBF's sustainability position is that of a petroleum refiner navigating the energy transition: the company reports on emissions, safety, and environmental compliance across its refineries, and the SBR renewable diesel joint venture provides exposure to lower-carbon fuels.

The refineries operate under Clean Air Act and state environmental regulations with periodic enforcement matters typical of the industry. The company does not market itself as a sustainability brand; its position is conventional refining with incremental renewable diesel exposure.

• Fortune 500: PBF ranks on the Fortune 500 by revenue.
• Refining industry position: The company is recognized as the largest truly independent US refiner by throughput.

Martinez refinery fire (2025): The February 2025 fire that sidelined the Martinez refinery for most of the year was a significant operational incident, with community impact in the San Francisco Bay Area and regulatory scrutiny of the event and restart.

Environmental compliance: Refinery operations carry inherent environmental enforcement risk, with periodic violations and consent decrees typical of the industry at PBF's facilities.

Refining economics volatility: The company's pure commodity exposure has produced dramatic earnings swings through cycles, with investor scrutiny of the model during loss periods.