Overview
PBF Energy Inc. is an independent petroleum refiner and logistics company operating primarily in the United States. Its Refining segment processes crude oil and other feedstocks into unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products; its Logistics segment includes related transportation, terminal and storage activities.[1][2]
The company operates six refineries in Delaware, New Jersey, Ohio, Louisiana and California, with combined throughput capacity of approximately 1 million barrels per day. Its products are sold across U.S. regions, Canada and Mexico, and can be shipped to other international markets.[3][2] PBF reported 2025 revenue of $29.3 billion; its latest located employee figure was 3,855 in 2024.[4][5] Founded in 2008, the company describes its mission as operating its refining and logistics facilities safely, reliably and in an environmentally responsible manner.[6][7] [1][2][3][4][5][6][7]
Products & services
PBF Energy produces gasoline, jet fuel, ultra-low-sulfur diesel and heating oil, asphalt, Group I base oils and lubricants, and LPG. Its Toledo refinery also produces petrochemicals including benzene, toluene, xylene, nonene and tetramer.[8][9][10][11][12]
In 2025, the company’s product yield was approximately 45% gasoline and gasoline blendstocks, 35% distillates and distillate blendstocks, 1% lubes, 1% chemicals and 19% other; these are shares of throughput, not revenue, and the figures are rounded.[13] Paulsboro’s slate includes asphalt, jet fuel, ULSD and Group I base oils, while Delaware City predominantly produces gasoline, jet fuel, ULSD and ultra-low-sulfur heating oil. Products are distributed by pipeline, barge, rail and truck, and sold through spot markets or term agreements.[8][9][14] [8][9][10][11][12][13][13][13][13][13][14]
Geographic presence
PBF Energy’s six U.S. refineries are located in Delaware City, Delaware, and Paulsboro, New Jersey, in the East Coast region; Toledo, Ohio, in the Mid-Continent; Chalmette, Louisiana, on the Gulf Coast; and Torrance and Martinez, California, on the West Coast.[15][16][17]
The company says it markets products across the Northeast, Midwest, Gulf Coast, West Coast, and other U.S. regions, and in Canada and Mexico; it can also ship to other international destinations. These disclosures describe markets served, but do not provide revenue percentages by geography or country.[18]
PBF’s corporate office is at 1 Sylvan Way, Second Floor, Parsippany, New Jersey.[19] [15][16][18][17][19][17][19]
Business segments
PBF Energy reports two operating segments: **Refining**, which comprises its refineries and associated logistics assets not owned by PBFX, and **Logistics**, which comprises PBFX’s terminals, pipelines and storage facilities. The company evaluates segment performance primarily by income from operations; corporate activities are reported separately.[20][1][21]
Refining contributed approximately **99.0%** of combined segment revenue in the first half of 2026, versus **1.0%** for Logistics; for full-year 2025, the shares were approximately **98.7%** and **1.3%**, respectively.[22][23] Segment operating-income shares were more variable: Refining contributed about **94.3%** and Logistics **5.7%** of combined segment operating income in the first half of 2026; in 2025, the shares were approximately **10.8%** and **89.2%**. These operating-income percentages are before corporate results; corporate recorded an operating loss in both periods, so the percentages are not shares of consolidated operating income.[22][23] [20][1][21][22][23]
Company history
PBF’s predecessor began operations in March 2008. PBF Energy Inc. was formed in November 2011 in preparation for its public offering and corporate reorganization, and completed its IPO in December 2012.[24][25]
Between 2010 and 2011, PBF acquired the Delaware City, Paulsboro, and Toledo refineries, establishing its initial refining portfolio.[26][27][28] It added the Chalmette refinery in 2015 and the Torrance refinery in 2016, followed by the Martinez refinery in 2020, which established a West Coast refining system.[29][30][31]
In 2022, PBF completed its acquisition of the PBF Logistics units it did not already own. Matthew C. Lucey became president and CEO in July 2023, succeeding Tom Nimbley, who later became non-executive chairman in July 2025.[32][33][34] [24][25][26][27][28][29][30][31][32][33][34]
Sources
- PBF Energy Inc. — Full financial report (2025 Y)
- www.pbfenergy.com[5]
- www.pbfenergy.com[6]
- www.pbfenergy.com[7]
- www.pbfenergy.com[17]
- www.pbfenergy.com[19]
- PBF Energy Inc. — Full financial report (2026 Q 2)[20][22]
- www.pbfenergy.com[24]
- www.sec.gov[25]
- www.businesswire.com[26]
- www.businesswire.com[27]
- www.blackstone.com[28]
- www.businesswire.com[29]
- www.sec.gov[30]
- www.prnewswire.com[31]
- investors.pbfenergy.com[32]
- investors.pbfenergy.com[33]
- investors.pbfenergy.com[34]
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