Shell to Sell California Refinery to PBF Energy for $1 Billion
June 11 2019 - 4:58PM
Dow Jones News
By Bowdeya Tweh
Royal Dutch Shell PLC said it has reached a deal to sell its
Martinez Refinery in California to petroleum refiner PBF Energy
Inc. for $1 billion.
Shell said Tuesday the divestiture aligns with its efforts to
pare back its refining portfolio.
The deal is expected to close this year.
Write to Bowdeya Tweh at bowdeya.tweh@wsj.com
(END) Dow Jones Newswires
June 11, 2019 16:43 ET (20:43 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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