PBF Energy is a prominent player in the oil refining industry, operating six domestic refineries across the United States. These refineries are strategically located in California, Delaware, Louisiana, New Jersey, and Ohio, with a combined processing capacity of over 1,000,000 barrels per day (bpd). The company specializes in processing various types of crude oil, including medium and heavy sour crudes, as well as light, sweet crude. The Nelson Complexity Index, which measures the sophistication of a refinery, averages 12.8 across PBF's facilities, indicating a high level of complexity and capability to produce a wide range of refined products.

PBF Energy serves a diverse client base, including wholesalers, retailers, and end-users who require refined petroleum products such as gasoline, diesel, jet fuel, and other petrochemicals. The company operates primarily in the North American market but has the capability to receive crude shipments globally, thanks to its extensive logistics network that includes rail, ship, and barge transportation.

The business model of PBF Energy revolves around acquiring crude oil, refining it into various end products, and then selling these products to its clients. The company makes money by leveraging its sophisticated refineries to maximize the yield of high-value products from each barrel of crude oil. Additionally, PBF Energy engages in strategic financial activities, such as issuing senior notes, to manage its capital structure and fund its operations.

In recent news, PBF Energy has been actively reconfiguring its East Coast refining operations to optimize efficiency and has reported its third-quarter 2020 earnings. The company also announced the extension of an exchange offer for its 6.00% senior notes due in 2028, reflecting its ongoing efforts to manage its financial health.

Keywords: oil refining, crude oil, gasoline, diesel, jet fuel, petrochemicals, North America, logistics, financial management, refinery complexity.