Company profile

Future of PBF Energy

#
Rank
872
| Quantumrun Global 1000

PBF Energy, established in 2008, is a petroleum refining company and a leading supplier of petroleum products, petrochemical feedstocks, and unbranded transportation fuels. The company is headquartered in Parsippany, New Jersey with refining facilities in Ohio, Louisiana, Chalmette, Toledo, New Jersey, California and Delaware City. PBF Energy produces a wide range of petroleum products including petrochemicals, lubricants, gasoline, heating oil, ultra-low-sulfur diesel (ULSD), jet fuel, and asphalt.

Home Country:
Sector:
Industry:
Petroleum Refining
Website:
Founded:
2008
Global employee count:
3165
Domestic employee count:
2272
Number of domestic locations:

Financial Health

3y average revenue:
$16476042000 USD
3y average expenses:
$253887500 USD
Funds in reserve:
$626705000 USD

Asset Performance

  1. Product/Service/Dept. name
    Gasoline and distillates
    Product/Service revenue
    11553716000
  2. Product/Service/Dept. name
    Chemicals
    Product/Service revenue
    542304000
  3. Product/Service/Dept. name
    Asphalt and blackoils
    Product/Service revenue
    536496000

Innovation assets and Pipeline

All company data collected from its 2015 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the energy sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the most obvious disruptive trend is the shrinking cost and increasing energy generating capacity of renewable sources of electricity, such as wind, tidal, geothermal and (especially) solar. The economics of renewables are advancing at such a rate that further investments into more traditional sources of electricity, such as coal, gas, petroleum, and nuclear, are becoming less competitive in many parts of the world.

*Concurrent with the growth of renewables is the shrinking cost and increasing energy storing capacity of utility-scale batteries that can store electricity from renewables (like solar) during the day for release during the evening.

*The energy infrastructure in much of North America and Europe is decades old and is currently in the two-decade-long process of being rebuilt and reimagined. This will result in the installation of smart grids that are more stable and resilient, and will spur the development of a more efficient and decentralized energy grid in many parts of the world.

*The growing cultural awareness and acceptance of climate change is accelerating the public's demand for clean energy, and ultimately, their government's investment into cleantech infrastructure projects.

*As Africa, Asia, and South America continue to develop over the next two decades, their populations’ increasing demand first world living conditions will spur demand for modern energy infrastructure that will keep energy sector building contracts going strong into the foreseeable future.

*Significant breakthroughs in Thorium and fusion energy will be made by the mid-2030s, leading to their rapid commercialization and global adoption.

COMPANY’S FUTURE PROSPECTS

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