Phillips 66 announced Wednesday that will close its historic Wilmington refinery in 2025 but will work with the state to continue supplying fuel to consumers.

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

Phillips 66 announced Wednesday it will close its Los Angeles-area refinery next year, citing uncertainty about the future “sustainability” of the facility.

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’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]

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.

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 said it will shut its large Los Angeles-area oil refinery late next year, delivering a blow to California's fuel supply amid complaints about the state's high prices.

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,