PBF

Price gouging Penalty Passes First Hurdle; Consumer Watchdog Testifies In Assembly About Need for Penalty and Transparency Reforms, $590 Million Oil Exec Stock Grab

Retrieved on: 
Thursday, March 23, 2023
PBF, Insurance, Senate, Marathon, Consumer Federation of America, Tax, Gasoline, International Thorium Energy Committee, Multimedia, Carbon, Golden, Valero, Phillips, National Iranian Oil Refining and Distribution Company, Democrat, Central Coast (California), Consumer Watchdog, Court, Chevron, Levelling Up, Housing and Communities Committee, Cryptocurrency, Propane

Court also presented testimony today to the Assembly Utilities and Energy Committee at an informational hearing on the proposal.

Key Points: 
  • Court also presented testimony today to the Assembly Utilities and Energy Committee at an informational hearing on the proposal.
  • "Californians paid unprecedented prices and California oil refiners made unprecedented profits in 2022," said Jamie Court, president of Consumer Watchdog.
  • "Only a price gouging penalty and a strong watchdog will deter this profiteering and greed."
  • "If there's a greater case for a price gouging penalty to deter this greed, I don't know it."

Executives And Insiders At CA Big 5 Refiners Cashed Out $590 Million In Company Stock During 2022 In Wartime Profiteering, Says Consumer Watchdog

Retrieved on: 
Wednesday, March 15, 2023
Multimedia, Valero, Marathon Petroleum, Petroleum, Skinner, PBF Energy, PBF, Consumer Watchdog, Senior, Phillips, Chevron Corporation, Disclosure, Slim family, Big Oil, Phillips 66, Gasoline, Cryptocurrency, Oil, Financial adviser, Management, Security (finance)

29 oil executives and directors at the five oil refiners who took home more than $1 million each accounted for $231 million of the $590 million payout in 2022.

Key Points: 
  • 29 oil executives and directors at the five oil refiners who took home more than $1 million each accounted for $231 million of the $590 million payout in 2022.
  • Among the findings of Consumer Watchdog's review of SEC Form 4s:
    At Chevron alone, executives and directors cashed out $150 million worth of stock in 2022.
  • Executives at Phillips 66 took home just $4.8 million in stock sales with $3 million of that sum going to the CEO.
  • The following 29 executives at the five refiners cashed out $1 million worth of stock and up for the lion's share of $240 million in executive and director stock sales.

PBF Energy Announces Appointment of Georganne Hodges and Damian W. Wilmot as Directors

Retrieved on: 
Tuesday, March 14, 2023
PBF, SVP, Vertex Pharmaceuticals, PBF Energy, Motiva Enterprises, CFO, NYSE, Incident, Arthur Andersen, Motiva, Business continuity planning, Information governance, Risk management, Management, Vertex, Privacy

PARSIPPANY, N.J., March 14, 2023 /PRNewswire/ -- PBF Energy Inc. (NYSE: PBF) announced that Georganne Hodges and Damian W. Wilmot have been appointed as independent directors effective as of March 15, 2023.

Key Points: 
  • PARSIPPANY, N.J., March 14, 2023 /PRNewswire/ -- PBF Energy Inc. (NYSE: PBF) announced that Georganne Hodges and Damian W. Wilmot have been appointed as independent directors effective as of March 15, 2023.
  • Thomas J. Nimbley, Chairman of the Board and Chief Executive Officer, commented, "We are very pleased to have Georganne and Damian join the Board of Directors of PBF Energy.
  • Georganne has over 30 years of energy industry and financial expertise, and Damian has led cross-functional teams across a variety of disciplines, including regulatory, risk management and compliance.
  • Ms. Hodges most recently served as Executive Vice President of Supply, Trading & Logistics at Motiva Enterprises, LLC.

PBF Energy to Participate in Industry Conferences

Retrieved on: 
Tuesday, February 28, 2023
NYSE, PBF, Conference, Raymond James Financial, Cryptocurrency

PARSIPPANY, N.J., Feb. 28, 2023 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) today announced that members of its management team will participate in the Raymond James Institutional Investor Conference on March 7, 2023 and the Scotia Howard Weil Energy Conference on March 8, 2023.

Key Points: 

PARSIPPANY, N.J., Feb. 28, 2023 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) today announced that members of its management team will participate in the Raymond James Institutional Investor Conference on March 7, 2023 and the Scotia Howard Weil Energy Conference on March 8, 2023.

Consumer Watchdog Testifies For Windfall Profits Cap At CA Senate Energy Committee

Retrieved on: 
Wednesday, February 22, 2023
National Iranian Oil Refining and Distribution Company, Carbon, Consumer Federation of America, Jamie Court, South Coast (California), United States Senate Energy Subcommittee on Energy, Chevron, Insurance, Valero, Consumer Watchdog, Tax, Levelling Up, Housing and Communities Committee, Phillips, Multimedia, Marathon, PBF, Cryptocurrency, Propane

SACRAMENTO, Calif., Feb. 22, 2023 /PRNewswire/ -- Consumer Watchdog President Jamie Court will offer testimony in favor of enacting a price gouging penalty and windfall profits cap on oil refiners at the California Senate Energy, Utilities and Communications Committee today.

Key Points: 
  • SACRAMENTO, Calif., Feb. 22, 2023 /PRNewswire/ -- Consumer Watchdog President Jamie Court will offer testimony in favor of enacting a price gouging penalty and windfall profits cap on oil refiners at the California Senate Energy, Utilities and Communications Committee today.
  • "Californians paid unprecedented prices and California oil refiners made unprecedented profits in 2022," said Jamie Court, president of Consumer Watchdog.
  • Only a windfall profits cap will deter this profiteering, create price consistency and prevent oil refiners from using their pricing power to undermine environmental laws."
  • Cost of liability insurance decreased by 5.7% in California while increasing by 58.5% nationwide, according to the Consumer Federation of America.

Multiple Myeloma Market Size and Trend Report including Epidemiology, Disease Management, Pipeline Analysis, Competitor Assessment, Unmet Needs, Clinical Trial Strategies and Forecast, 2021-2031 - ResearchAndMarkets.com

Retrieved on: 
Thursday, February 16, 2023
Pharmaceutical, Health, Oncology, Population Health Management, PBF, Patient, POLI, Clinical trial, Epidemiology, Multiple myeloma, WMH, Price intelligence, Proteasome inhibitor, Pharmaceutical industry, Fine chemical

The "Multiple Myeloma Market Size and Trend Report including Epidemiology, Disease Management, Pipeline Analysis, Competitor Assessment, Unmet Needs, Clinical Trial Strategies and Forecast, 2021-2031" drug pipelines has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Multiple Myeloma Market Size and Trend Report including Epidemiology, Disease Management, Pipeline Analysis, Competitor Assessment, Unmet Needs, Clinical Trial Strategies and Forecast, 2021-2031" drug pipelines has been added to ResearchAndMarkets.com's offering.
  • In addition to PBF sales data for the 8MM, this report contains sales forecast extrapolations for an additional seven geographical markets (7M), totaling 15 markets (15M).
  • Additionally, the report evaluates indication-specific unmet needs, competitive assessment, and identifies key future players in the cell therapy market.
  • The presence of marketed and pipeline CAR-T cell therapies in the 3L+ setting addresses the unmet need of providing therapeutic options for heavily pre-treated patients

Acute Lymphocytic Leukemia (ALL) Global Market Report 2023: Featuring Novartis, Gilead, Autolus Therapeutics, Gamida Cell & More - ResearchAndMarkets.com

Retrieved on: 
Wednesday, February 15, 2023
Health, Oncology, PBF, Population Health Management, Clinical trial, Growth, WMH, Acute lymphoblastic leukemia, Epidemiology, Patient, ALL, CGT, POLI, Pharmaceutical industry, Vaccine

This report also contains a sales forecast extrapolations for an additional seven geographical markets (7M), totaling 15 major markets (15MM).

Key Points: 
  • This report also contains a sales forecast extrapolations for an additional seven geographical markets (7M), totaling 15 major markets (15MM).
  • Additionally, the report evaluates indication-specific unmet needs and competitive assessments and identifies key future players in the cell therapy market.
  • Pipeline CAR-Ts will likely require a novel target, increased efficacy, lower price, or simplified manufacture to penetrate the crowded CAR-T market.
  • Launch of pipeline CAR-Ts and "other" cell therapies will also contribute to this growth, but to a lesser extent.

Global Additively Manufactured (AM) Metal Parts Production Volume Data and Forecast Report 2022 - ResearchAndMarkets.com

Retrieved on: 
Monday, January 30, 2023
Machine Tools, Metalworking & Metallurgy, Manufacturing, Uncertainty, Original equipment manufacturer, Coronavirus, PBF, AM, Database, Methodology, Metal, Growth, MBJ, Medicine, Aircraft, 3D printing

The "Metal Parts Produced 2022: Global Market Data & Forecast" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Metal Parts Produced 2022: Global Market Data & Forecast" report has been added to ResearchAndMarkets.com's offering.
  • This report describes the production volumes and resulting market values of various metal additively manufactured components.
  • The data shows that the most exciting areas of metal AM are all related to production of various end use parts in terms of part volume growth.
  • Looking forward, Metal Binder Jetting (MBJ) offers promise as a leading parts printing process for displacing traditional manufacturing methods.

Chronic Lymphocytic Leukemia (CLL) Market Size and Trend Report including Epidemiology, Disease Management, Pipeline Analysis, Competitor Assessment, Unmet Needs, Clinical Trial Strategies and Forecast, 2021-2031

Retrieved on: 
Monday, February 20, 2023
PBF, Population Health Management, Clinical trial, WMH, Epidemiology, Chronic lymphocytic leukemia, Model for End-Stage Liver Disease, Patient, POLI, Pharmaceutical industry, CLL

These sales forecast extrapolations leverage data on pharmaceutical sales and drug availability from World Markets Healthcare (WMH) and PharmOnline International (POLI) Price Intelligence databases.

Key Points: 
  • These sales forecast extrapolations leverage data on pharmaceutical sales and drug availability from World Markets Healthcare (WMH) and PharmOnline International (POLI) Price Intelligence databases.
  • The report also analyzes the clinical and commercial landscapes of CLL, with pricing assumptions based on currently marketed products by class of cell therapies, accompanied by a transparent forecast methodology.
  • Additionally, the report evaluates indication-specific unmet needs and competitive assessments and identifies key future players in the cell therapy market.
  • Cell therapy is a promising modality for treating CLL and can provide the most value by demonstrating long-term disease control in high-risk and young patients.

Consumer Watchdog Reports: PBF Energy, Last of California's Big Five Refiners To Report 2022 Results, Finishes Parade Of Windfall Profits In California

Retrieved on: 
Thursday, February 16, 2023
Oil, Marathon Petroleum, Jamie Court, Valero, PBF, Consumer Watchdog, Gasoline, Skinner, California Energy Commission, Phillips, Energy, PBF Energy, Propane, Cryptocurrency

This is in line with its historical margin of 41 cents per gallon since it began operating in California.

Key Points: 
  • This is in line with its historical margin of 41 cents per gallon since it began operating in California.
  • Also, in the fourth quarter PBF's California margins were no longer the highest among its four regions, bucking the annual trend.
  • "We need a permanent windfall profits cap in place to deter the outrageous profit taking that California's big refiners engaged for most of 2022.
  • In 2022, all five refiners broke the 50 cent per gallon windfall profit barrier, with an average 66 cents profits per gallon for the year.