Phillips 66 to Shut LA Oil Refinery, Citing Uncertain Future

Phillips 66 plans to halt fuel production at its Los Angeles-area plant in what will be the biggest California refinery shutdown, citing uncertainty about its “long-term sustainability.”

The largest US refiner by market value announcedWednesday that the shutdown will be complete in the fourth quarter of 2025. Phillips 66 pledged to continue supplying Golden State motorists with fuels sourced from its own refining network and elsewhere.

The closure will impact roughly 8% of California’s refining capacity and comes amid an increasingly acrimonious battle between Governor Gavin Newsom and the fossil-fuel industry. In August, Chevron Corp. declared it would quit ...