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Oil company Phillips 66 says it will shut down Los Angeles-area refinery

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The company said it will remain operating in the state.

FILE – A jogger runs in front of the Phillips 66 refinery, July 16, 2014, in the Wilmington area of Los Angeles.

“With the long-term sustainability of our Los Angeles Refinery uncertain and affected by market dynamics, we are working with leading land development firms to evaluate the future use of our unique and strategically located properties near the Port of Los Angeles,” CEO Mark Lashier said in a statement. “Phillips 66 remains committed to serving California and will continue to take the necessary steps to meet our commercial and customer demands.

The company also operates a refinery near San Francisco that accounts for about 5% of California’s refining capacity, according to the state Energy Commission. Phillips 66 Santa Maria, a refinery that was located about 62 miles northwest of Santa Barbara, shut down in 2023 after the company announced plans to convert its San Francisco-area site into “one of the world’s largest renewable fuels facilities.

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Oil company Phillips 66 to shut down Los Angeles refineryThe refinery produces about 8% of California’s crude oil, according to the state’s Energy Commission. The company indicated it will remain operating in the state.
Source: FOXLA - 🏆 445. / 53 Read more »

Oil company Phillips 66 says it will shut down Los Angeles-area refineryOil company Phillips 66 has announced it plans to shut down a Los Angeles-area refinery that accounts for about 8% of California's refining capacity The company indicated it will remain operating in California. The company's CEO says it will continue to meet the needs of consumers.
Source: AP - 🏆 728. / 51 Read more »