Phillips 66 Begins Phased Closure of LA Refinery in 2025

Key Takeaways Phillips 66 will permanently close its Los Angeles refinery in Q4 2025 after phased shutdowns.Most of the 600 workers face layoffs in December, with limited transfers to a marine terminal.The refinery and Valero's Benicia plant supply 20% of California gasoline, raising supply concerns.Phillips 66 (PSX) will begin winding down operations at its Los Angeles-area refinery this week, with permanent closure expected in the fourth quarter of 2025, per a Reuters report. According to the report, most ...