Phillips 66
Phillips 66 Announces Cessation of Operations at Los Angeles Refinery
Summary
Phillips 66 announced on October 16, 2024, that it will cease operations at its Los Angeles-area refinery during the fourth quarter of 2025. The company plans to work with the state of California to supply fuel markets and meet consumer demand. Phillips 66 is also exploring the future use of its strategically located properties near the Port of Los Angeles in collaboration with leading land development firms.
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About Phillips 66
Phillips 66 is a renowned American multinational energy company involved in refining, transporting, and marketing petroleum products. Engaging primarily as a downstream sector entity, Phillips 66 operates an extensive network of refineries, pipelines, and retail stations across the globe. The company's main function is to refine crude oil into marketable fuels such as gasoline, diesel, and jet fuel, as well as petrochemical products that serve as building blocks for various industrial applications. Additionally, Phillips 66 is known for its logistics and midstream operations, which include pipelines and trucking services that facilitate efficient energy distribution. The company plays a critical role in the energy sector, impacting industries ranging from transportation to manufacturing. By maintaining a strategic focus on safety, environmental stewardship, and operational excellence, Phillips 66 contributes significantly to the global energy supply chain. Established in 1875 and headquartered in Houston, Texas, Phillips 66 continues to provide essential energy solutions while adapting to evolving market dynamics and sustainability demands.
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