Delek US Holdings Inc. could again flip retail chain

摘要

Delek US Holdings Inc. is sticking to a strategy to grow its retail fuel and convenience store business that offers an attractive rate of return and free cash flow, while the refinery operator is also open to putting its retail business up for sale in the future, CEO Uzi Yemin said. At the recent Shareholder Equity Conference, Yemin also said he is confident about the prospect of U.S. transportation fuel consumption due to COVID-19 vaccinations, suggesting 2022 to be the strongest year ever in product demand on expectations that most American workers will once again commute to offices.