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SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2022
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
Dividend Declared
On February 16, 2023, PBF Energy announced a dividend of $0.20 per share on outstanding PBF Energy Class A common stock. The dividend is payable on March 16, 2023 to PBF Energy Class A common stockholders of record as of March 1, 2023.
Renewable Diesel Joint Venture
On February 16, 2023, we announced that PBF LLC entered into a definitive agreement with Eni Sustainable Mobility, a subsidiary of Eni SpA (“Eni”), to partner in a 50-50 joint venture, St. Bernard Renewables LLC, (“SBR”) which will own the renewable diesel facility that is currently under construction at our Chalmette refinery. Upon consummation of the transaction, which is subject to customary closing conditions, including regulatory approvals, Eni will contribute capital totaling $835.0 million, excluding working capital, plus up to an additional $50.0 million that is subject to the achievement of project milestones. The Company will continue to manage project execution and will serve as the operator of the facility once construction is complete. SBR’s renewable fuel operations are scheduled to commence in the first half of 2023.