Home » Minimalist Trading Digest » Who Bought Shell Martinez? | Contextresponse. Com

Who Bought Shell Martinez? | Contextresponse. Com

James H. Sterling • • 5 min read
Who Bought Shell Martinez? | Contextresponse. Com
PBF Energy has agreed to acquire Shell's 156,000 b/d refinery in Martinez, California, giving the merchant refiner a more balanced northern and southern California business while continuing the oil major's targeted $5bn/yr divestment program.

.

Also question is, who bought Shell?

Equilon Enterprises LLC d/b/a Shell Oil Products US (Shell), a subsidiary of Royal Dutch Shell plc announced it has reached an agreement for the sale of Shell's Martinez Refinery in California to PBF Holding Company LLC, a subsidiary of PBF Energy, Inc., for $1.0 billion consideration plus the value of hydrocarbon

Furthermore, what does PBF Energy stand for? PBF Energy (“PBF”) is one of the largest independent petroleum refiners and suppliers of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States.

Also know, who bought Shell Oil Company?

Royal Dutch Shell

What is a merchant refiner?

U.S. refiners revamp operations as renewable fuel costs surge. These “merchant refiners” are required to blend biofuels like ethanol with gasoline or other petroleum products, or else meet those obligations by purchasing paper “credits” called Renewable Identification Numbers (RINs) in an opaque market.

Related Question Answers

Who is the richest oil company?

With an annual revenue of $465.49 billion USD in 2017, the Saudi Aramco of Saudi Arabia is the world's highest-earning oil company. The world's oil companies are some of the most profitable companies in the world.

Does Shell own BP?

Shell-Mex and BP Ltd was a British joint marketing venture between petroleum companies Royal Dutch Shell (Shell) and British Petroleum (BP). The activities of this most successful enterprise have extended greatly over the years.
James H. Sterling
Author

James H. Sterling

James Sterling reports on renewable energy developments, climate policy, ecological conservation, and green tech innovations around the globe.