Phillips 66 plans to close its refinery near the Port of Los Angeles in late 2025. The company’s announcement Wednesday follows Gov. Gavin Newsom’s signature of legislation implementing new oil controls.

Philips 66, the massive oil company that operates across the United States, says that they will be closing their refiner in Wilmington next year after California Gov. Gavin Newsom signed a bill into law​ that looks at preventing gas prices from spiking.

Phillips 66 Co. will permanently cease conventional crude oil processing at its 138,700-b/d dual-sited refinery in Los Angeles, Calif., by yearend 2025 amid the operator’s

California Gov. Gavin Newsom's bill would require oil refineries in the state to maintain a minimum amount of oil supply.

Phillips 66’s decision to close the Los Angeles refinery follows oil and gas giant Chevron Corp.’s announcement August that it was moving its headquarters from San Ramon, California to Houston, Texas. To contact the author, email [email protected]

Oil company Phillips 66 has announced it plans to shut down a Los Angeles-area refinery that produces about 8% pf the state’s crude oil

Phillips 66 announced Wednesday it will close its Los Angeles-area refinery next year, citing uncertainty about the future “sustainability” of the facility. “We understand this decision has an impact on our employees,

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.