PBF Energy Inc-A 2024年度报告

PBF ENERGY INC. (Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(g) of the Act: None. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of theSecurities Act. x Yes o No Indicateby check mark if the registrant is not required to file reports pursuant to Section 13 orSection 15(d) of the Act. o Yes x No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter periodthat the registrant was required to file such reports), and (2) has been subject to such filing requirementsfor the past 90 days. x Yeso No Indicate by check mark whether the registrant has submitted electronically every Interactive Data Filerequired to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter)during the preceding 12 months (or for such shorter period that the registrant was required to submit andpost such files). x Yeso No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of“large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company”in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use theextended transition period for complying with any new or revised financial accounting standards providedpursuant to Section 13(a) of the Exchange Act. o Indicate by check mark whether the registrant has filed a report on and attestation to its management’sassessment of the effectiveness of its internal control over financial reporting under section 404(b) of theSarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issuedits audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether thefinancial statements of the registrant included in the filing reflect the correction of an error to previouslyissued financial statements. o Indicate by check mark whether any of those error corrections are restatements that required a recoveryanalysis of incentive-based compensation received by any of the registrant’s executive officers during therelevant recovery period pursuant to §240.10D-1(b). o Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of theExchange Act).☐Yes☐No The aggregate market value of the Common Stock of PBF Energy Inc. held by non-affiliates as of June30, 2024, the last business day of the registrant’s most recently completed second fiscal quarter, wasapproximately $5.3 billion based upon the New York Stock Exchange Composite Transaction closingprice. As of February 7, 2025, PBF Energy Inc. had 115,313,481 shares of Class A common stock and 12shares of Class B common stock outstanding. DOCUMENTS INCORPORATED BY REFERENCE PBFEnergy Inc.intends to file with the Securities and Exchange Commission a definitive ProxyStatement for its Annual Meeting of Stockholders within 120 days after December 31, 2024. Portions of the Proxy Statement are incorporated by reference in Part III of this Form 10-K to the extent statedherein. PBF ENERGY INC. TABLE OF CONTENTS PART I Item 1.Business8Item 1A.Risk Factors27Item 1B.Unresolved Staff Comments53Item 1C.Cybersecurity54Item 2.Properties55Item 3.Legal Proceedings56Item 4.Mine Safety Disclosures60 PART II Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters, and IssuerPurchases of Equity Securities61Item 6.[RESERVED]63Item 7.Management’s Discussion and Analysis of Financial Condition and Results ofOperations64Item 7A.Quantitative and Qualitative Disclosures About Market Risk100Item 8.Financial Statements and Supplementary Data101Item 9.Changes in and Disagreements with Accountants on Accounting and FinancialDisclosure101Item 9A.Controls and Procedures102Item 9B.Other Information102Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections102 PART III Item 10.Directors, Executive Officers and Corporate Governance103Item 11.Executive Compensation103Item 12.Security Ownership of Certain Beneficial Owners and Management and RelatedStockholder Matters103Item 13.Certain Relationships and Related Transactions, and Director Independence103Item 14.Principal Accountant Fees and Services103 PART IV 104 Item 15.Exhibits and Financial Statement SchedulesItem 16.Form 10-K Summary SIGNATURES GLOSSARY OF SELECTED TERMS Unless otherwise noted or indicated by context, the following terms used in this Annual Report onForm 10-K have the following meanings: “AB 32”refers to the greenhouse gas emission control regulations in the state of California tocomply with Assembly Bill 32. “ANS”refe