2020-02-03 11:15:00
SHELL SOLD MARTINEZ $1.2 BLN
SHELL - 01 February 2020 - Shell finalizes sale of Martinez Refinery
Equilon Enterprises LLC d/b/a Shell Oil Products US (Shell), a subsidiary of Royal Dutch Shell plc announced today 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 is very proud of the relationship we have built and maintained with the city and people of Martinez over the many years we've operated side-by-side with the Martinez community making several notable achievements on safety, reliability, performance, and community involvement.
As we turn over ownership of the Martinez Refinery to PBF, we offer our many thanks to the City and community of Martinez for all they have done to support and partner with Shell and our employees over the last 100 years.
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Earlier:
2020, January, 31, 11:30:00
SHELL BUYBACK PROGRAMME ANEW
On January 22, 2020 the company completed the previous tranche of its share buyback programme. In aggregate between July 26, 2018 and January 22, 2020, the company repurchased 484,534,678 ordinary shares for an aggregate consideration of $14.75 billion (the ‘aggregate previous tranches’).
Chronicle:
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2021, July, 30, 08:30:00
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