Stocksak: Refiner PBF Energy’s profits rise on fuel demand increase

© Stocksak. FILEPHOTO: Nighttime view at Torrance Refinery. This is an oil refinery that PBF Energy operates in Torrance (California), U.S.A, March 10, 2022. Picture taken March 10, 2022. Picture taken using a drone. REUTERS/Bing Guian

(Stocksak) – U.S. refiner PBF Energy, (NYSE:) Inc reported a surge in third-quarter profits on Thursday, boosted largely by strong demand for fuel.

The Parsippany, New Jersey-based refiner stated that net income attributable by stockholders was $1.06 Billion, or $8.40 each share in the three month ended Sept. 30, compared to $59.1 MILLION, or 49 Cents per share last year.

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