Shell finalizes sale of Martinez Refinery
2/3/2020 1:37:04 PM
Equilon Enterprises LLC d/b/a Shell Oil Products US (Shell), a subsidiary of Royal Dutch Shell plc announced that it has formally closed on the sale of Shell's Martinez Refinery in California to PBF Holding Company LLC (PBF), a subsidiary of PBF Energy, Inc., in exchange for $1.2 billion which includes the refinery and inventory. The deal also includes crude oil supply and product offtake agreements, and other adjustments.
Shell is proud of the relationship built and maintained with the city and people of Martinez over the many years it has operated side-by-side with the Martinez community making several notable achievements on safety, reliability, performance, and community involvement.
Comments