Phillips 66 (NYSE: PSX) has announced plans to cease operations at its Los Angeles-area refinery in the fourth quarter of 2025. The company will collaborate with the state of California to ensure continued fuel supply and meet consumer demand.
“This decision impacts our employees, contractors, and the broader community,” said Mark Lashier, Phillips 66’s chairman and CEO. “We are committed to supporting them through this transition.” The refinery currently employs around 600 workers and 300 contractors.
Lashier noted that the long-term sustainability of the Los Angeles Refinery has been uncertain due to market dynamics. Phillips 66 is working with leading land development firms to explore future uses for its strategically located properties near the Port of Los Angeles. Despite ceasing refinery operations, the company remains dedicated to serving California’s fuel needs and will continue to supply gasoline from sources inside and outside its network, as well as renewable diesel and sustainable aviation fuels from its Rodeo Renewable Energy Complex in the San Francisco Bay area.
In alignment with the California Energy Commission’s analysis emphasizing the importance of expanding fuel supply capabilities, Phillips 66 will work with the state to maintain and potentially increase fuel supplies.
Phillips 66 has partnered with Catellus Development Corporation and Deca Companies to evaluate redevelopment opportunities for its 650-acre sites in Wilmington and Carson, California. Both firms are experienced in addressing complex redevelopment projects. “These sites present a unique opportunity for a transformational project that can support the environment, drive economic growth, create jobs, and improve critical infrastructure in the region,” added Lashier.
