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@ Layer3.news
2025-02-13 12:00:15
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PBF ENERGY POSTS THIRD CONSECUTIVE QUARTERLY LOSS ON FALLING MARGINS
https://media.zenfs.com/en/reuters-finance.com/05826e944c34670a1c93563ec2f62f3e
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✍️ PBF Energy posted a third consecutive quarterly loss due to a decline in refining margins, with a loss of $289.3 million, or $2.54 per share, in the fourth quarter.
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👉 PBF Energy posted a third consecutive quarterly loss
👉 Loss attributable to the company was $289.3 million, or $2.54 per share
👉 Global refining margins have dropped due to weaker economic activity and new refineries starting up in Asia and Africa
👉 PBF Energy's CEO Matt Lucey said global refining markets remain structurally tight
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#MattLucey #ArunimaKumar #KrishnaChandraEluri #Parsippany,NewJersey #Martinez,California #Bengaluru #business
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