FX.co ★ Phillips 66 To Shut Operations At Los Angeles-area Refinery; To Cut Jobs

Phillips 66, a leading petroleum refiner, has announced plans to shutter its refinery located in the Los Angeles area by the fourth quarter of 2025. This decision will have implications for employment, as stated by the company.

Currently, the Los Angeles-area facility employs approximately 600 individuals and engages around 300 contractors. In response to the closure, Phillips 66 expressed its commitment to collaborating with the state of California to maintain a steady fuel supply that meets consumer demand.

Mark Lashier, the CEO of Phillips 66, commented, "Given the uncertain long-term sustainability of our Los Angeles Refinery, influenced by market dynamics, we are partnering with premier land development organizations to assess potential future applications for our uniquely situated properties near the Port of Los Angeles."

Following the closure, Phillips 66 will continue to supply gasoline sourced both from within and beyond its refining network. Moreover, the company will produce renewable diesel and sustainable aviation fuels from its Rodeo Renewable Energy Complex located in the San Francisco Bay region.

In exploring future commercial development opportunities, Phillips 66 has enlisted the expertise of real estate firms Catellus Development Corporation and Deca Companies to determine viable uses for its 650-acre sites in Wilmington and Carson, California.