PBF Energy is a leading independent petroleum refinery that produces a wide range of petroleum products such as gasoline, petrochemicals, and lubricants among others. The company has a production capacity of 540,000 barrels per day (pbfenergy.com, 2013). Its major competitors are Exxon Mobil Corporation, ConocoPhillips, and Marathon Petroleum Corporation. The company has several competitive advantages over its three main competitors. PBF’s refineries are strategically located to overcome cost and supply advantages. The company’s Midcontinent Toledo refinery obtains crude oil from rich sources in Canada and the Midcontinent. The remaining crude oil is transported by trucks to a nearby terminal. ...
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