PARSIPPANY, N.J., Dec. 12, 2022 /PRNewswire/
-- PBF Energy Inc. (NYSE: PBF) announced today that its board
of directors has authorized the repurchase of up to $500 million of PBF Class A common stock.
These repurchases may be made from time to time through various
methods, including open market transactions, block trades,
accelerated share repurchases, privately negotiated transactions or
otherwise, certain of which may be effected through Rule 10b5-1
plans. The timing and number of shares repurchased will depend on a
variety of factors, including price, capital availability, legal
requirements and economic and market conditions. PBF is not
obligated to purchase any shares under the repurchase program, and
repurchases may be suspended or discontinued at any time without
prior notice.
About PBF Energy
PBF Energy Inc. (NYSE: PBF) is one of the largest independent
refiners in North America,
operating, through its subsidiaries, oil refineries and related
facilities in California,
Delaware, Louisiana, New
Jersey and Ohio. Our
mission is to operate our facilities in a safe, reliable and
environmentally responsible manner, provide employees with a safe
and rewarding workplace, become a positive influence in the
communities where we do business, and provide superior returns to
our investors.
Forward-looking
Statements
Statements in this press release relating to future plans,
results, performance, expectations, achievements and the like are
considered "forward-looking statements" (as that term is defined
under the federal securities laws). These forward-looking
statements involve known and unknown risks, uncertainties and other
factors, many of which may be beyond PBF Energy's control, that may
cause actual results to differ materially from any future results,
performance or achievements expressed or implied by the
forward-looking statements. Factors and uncertainties that may
cause actual results to differ include but are not limited to the
risks disclosed in PBF Energy's filings with the SEC. All
forward-looking statements speak only as of the date hereof. PBF
Energy do not undertake any obligation to revise or update any
forward-looking statements except as may be required by applicable
law.
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SOURCE PBF Energy Inc.