Phillips 66 said on Oct. 16 it plans to stop operations at its Los Angeles-area refinery in the fourth quarter of 2025 and will work with the state of California to supply fuel markets and meet consumer demand.
The stoppage will impact employees and contractors who operate the refinery, which currently has 600 employees and 300 contractors.
"With the long-term sustainability of our Los Angeles Refinery uncertain and affected by market dynamics," the company is working with land development firms to evaluate the future use of its properties near the Port of Los Angeles, said CEO Mark Lashier.
RELATED
Phillips 66 Sells Interest in Swiss-based Petrol Station Operator
Recommended Reading
Oilfield Services Outlook Goes from Not Great to Not Good
2025-04-15 - Piper Sandler Analyst Derek Podhaizer studied how the market reacted to previous price shocks to determine the 2025 playbook for the oilfield services sector.
E&P Highlights: April 14, 2025
2025-04-14 - Here’s a roundup of the latest E&P headlines, from CNOOC’s latest production startup to an exploration well in Australia.
BP Makes Gulf of Mexico Oil Discovery Near Louisiana
2025-04-14 - The "Gulf of America business is central to bp’s strategy,” and the company wants to build production capacity to more than 400,000 boe/d by the end of the decade.
E&Ps Posting Big Dean Wells at Midland’s Martin-Howard Border
2025-04-13 - Diamondback Energy, SM Energy and Occidental Petroleum are adding Dean laterals to multi-well developments south of the Dean play’s hotspot in southern Dawson County, according to Texas Railroad Commission data.
On The Market This Week (April 7, 2025)
2025-04-11 - Here is a roundup of marketed oil and gas leaseholds in the Permian, Uinta, Haynesville and Niobrara from select E&Ps for the week of April 7, 2025.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.