Reported about 1 month ago
Phillips 66 announced plans to shut down its Los Angeles-area refinery by the end of 2025, impacting around 600 employees and 300 contractors. The company cites uncertain market conditions and aims to evaluate new developments for its facilities, while continuing operations in California. This decision follows a recent law signed by Governor Gavin Newsom to regulate gas prices, though Phillips 66 claims the closure is not related to the new legislation.
Source: YAHOO