Shell Finalizes Sale of Martinez Refinery

February 1, 2020 | Oil & Gas | Energy Facts Staff Writer | 2min

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 said to be very proud of the relationship they have built and maintained with the city and people of Martinez over the many years they’ve operated side-by-side with the Martinez community making several notable achievements on safety, reliability, performance, and community involvement.

As Shell turns over ownership of the Martinez Refinery to PBF, Shell offers their thanks to the City and community of Martinez for all they have done to support and partner with Shell and their employees over the last 100 years.