Phillips 66 to Close Los Angeles Oil Refinery

The company said low profitability, not the state’s regulations or lawmakers’ recently signed gas price regulation bill, spurred the decision.

The Phillips 66 Los Angeles Refinery Wilmington Plant in Wilmington, Calif., on Nov. 28, 2022. Mario Tama/Getty Images

Oil giant Phillips 66 said on Oct. 16 that it plans to shut down its refinery in the Los Angeles area of California in the fourth quarter of 2025.

About 900 people are involved in operating the oil refinery, including about 600 employees and hundreds of contractors, according to the company.