CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our Risk Disclosure Statement
Founded in 2008 in Parsippany, New Jersey, PBF Energy (PBF) is a powerful oil production company with branches spanning all over the US. The company operates through two segments: Refining and Logistics. Being an independent petroleum refiner, PBF Energy is also a manufacturer of many petroleum products, including gasoline, aviation jet fuel, lubricants and ultra-low sulphur diesel fuel, which are then marketed both in the US and abroad through dealers and wholesalers. In 2015, the Delaware City refinery was processing more than 3,300 barrels per day of crude oil originating in the Amazon. PBF Logistics LP (PBFX) engages in the receiving, handling and transferring of crude oil and the receipt, storage and delivery of crude oil, refined products and intermediates from sources located throughout the United States and Canada for PBF Energy in support of its refineries. PBF Energy share price (PBF) is set and traded on the New York Stock Exchange (NYSE).
The last of the Magnificent Seven have reported, delivering mixed results. Meanwhile, according to FactSet, the S&P 500 is set for negative earnings growth for Q4, with estimates for the next quarter also downgraded.
14:43, 2 February 2024
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