PBF Energy acquires Torrance refinery from Exxon Mobil
Exxon Mobil has completed the sale of its Torrance plant to a New Jersey oil refinery company, a $537.5-million deal that brings a new player into the California market.
PBF Energy is the first new owner of the Torrance plant since Mobil Oil acquired the facility in 1966.
The 600-worker plant,...