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 will close a refinery near Los Angeles in the fourth quarter of 2025, citing that its long-term sustainability is uncertain and affected by market dynamics. Mark Lashier, chief executive of the Houston-based oil refiner,

Phillips 66 announced Wednesday that it will shut its historic Wilmington-area oil refinery complex but will work with the state to continue supplying fuel to consumers.The refinery near the Port of Los Angeles will cease operations in the fourth quarter of 2025,