PBF Energy, which operates the Delaware City Refinery, declared a fourth quarter dividend of $0.30 per share and operational income of $253.5 million.
“2017 was a year of two halves for PBF Energy,” said Tom Nimbley, PBF Energy’s chairman and CEO. “During the first two quarters of the year, we invested heavily in our assets and completed the largest turnaround in our company’s history at our Torrance refinery. The improvements and strategic capital investments we completed were critical to our operational success in the third and fourth quarters and helped demonstrate the strength of our fully-operational refining system.”
In addition, the Delaware City Refinery will circle back on a planned $100 million hydrogen-production unit that state regulators approved three years ago.
“Looking ahead, we continue to focus on the safe and reliable operations of our assets,” Nimbley said. “We are beginning 2018 with a strong and flexible balance sheet and are positioned to benefit from opportunities in the market.”
