Phillips 66 announced it will shutter its Los Angeles-area refinery by the end of 2025, just days after the California governor signed a new law tightening restrictions on oil and gas companies. The refinery accounts for about 8 percent of the refining capacity in the state and employs approximately 600 workers and 300 contractors in the 650-acre facilities.

Phillips 66 announced Wednesday it will close its 650-acre oil refinery complex near the Port of Los Angeles by the fourth quarter of 2025, days after Gov. Gavin Newsom (D) signed a new law regulating gas storage and refineries.

Oil company Phillips 66 has announced that it plans to shut down a Los Angeles-area refinery that accounts for about 8% of California's refining capacity The company indicates it will remain operating in California.

Phillips 66 announced Wednesday that it will close its Wilmington-area refinery complex next year but will work with the state to continue supplying fuel to consumers.

SACRAMENTO, California — Phillips 66 announced Wednesday that it will close its Los Angeles oil refinery next year, citing “long-term uncertainty” two days after Gov. Gavin Newsom signed a law clearing the way for new regulations on the state’s refiners.

Phillips 66 dropped a bombshell this week, announcing plans to close its Los Angeles refinery—California’s seventh-largest—which currently provides about 8% of the state’s gasoline. The decision, made just two days after Governor Gavin Newsom signed a groundbreaking law designed to regulate gasoline prices,