ADDED
had 116,926,814 shares of Class A common stock and 12 shares of Class B common stock outstanding.
Renewable Diesel Facility refers to a biorefinery co-located with the Chalmette refinery in Louisiana.
We own and operate six domestic oil refineries and related assets and own a 50% interest in the Renewable Diesel Facility through our SBR equity method investment.
(3) At full operating capacity and prevailing market environments, our Nelson Complexity Index and throughput capacity for the Paulsboro refinery would be 13.1 and 180,000, respectively.
10 Recent Developments On February 1, 2025, a fire occurred at MRC, while the refinery was in the preliminary stages of its previously announced turnaround (the Martinez refinery fire ).
As a result of the Martinez refinery fire, the refinery was fully shut down until April 2025, when certain unaffected units, including the crude unit, were restarted and the refinery began producing limited quantities of gasoline, jet fuel, and intermediates.
Investigations are being conducted by various regulatory agencies, including the California Department of Industrial Relations - the Division of Occupational Safety and Health ( CalOSHA ), the Bay Area Air District ( BAAD ), Contra Costa County ( CCC ), the Department of Justice ( DOJ ), the United States Attorney s Office ( USAO ), the EPA, and the Chemical Safety Board ( CSB ).
There are uncertainties around these inquiries and investigations and potential results and consequences, including whether any financial penalties will be assessed or changes to the operations of the Martinez refinery will result therefrom.
At this time, the potential liabilities, including regulatory penalties, arising from the incident are unknown, and the full financial impact of this incident cannot reasonably be estimated.
Construction activities are expected to be complete by February 16, 2026.
REMOVED
had 115,313,481 shares of Class A common stock and 12 shares of Class B common stock outstanding.
We own and operate six domestic oil refineries and related assets and own a 50% interest in a biorefinery co-located with the Chalmette refinery in Louisiana (the Renewable Diesel Facility ) through our SBR equity method investment.
(3) Under normal operating conditions and prevailing market environments, our Nelson Complexity Index and throughput capacity for the Paulsboro refinery would be 13.1 and 180,000, respectively.
10 Recent Developments On February 1, 2025, a fire occurred at our Martinez refinery during preliminary turnaround activities, which resulted in the temporary shutdown of refinery operations.
We are assessing the extent of the property damage arising from the fire and potential recoveries from insurance coverage are also being evaluated.
At this time, as the cost of repairs, the length of the shutdown and other potential liabilities, including regulatory penalties, arising from the incident are unknown, the operational and/or financial impact cannot be reasonably estimated.
Our refinery assets as of December 31, 2024 are described below.
We source our crude oil and feedstock needs for the East Coast Refining System through waterborne deliveries, primarily through short-term and spot market agreements.
We also have a crude supply contract with Saudi Aramco, the term of which is currently year to year, for up to approximately 100,000 bpd that are processed at the Paulsboro refinery.
The Paulsboro refinery predominantly manufactures Group I base oils or lubricants and asphalt, jet fuel, and ULSD.