Phillips 66 announced its decision to close its Los Angeles-area refinery due to uncertainty in its long-term sustainability, impacting 600 employees and the community.
Mark Lashier, chairman and CEO, emphasized the importance of supporting affected employees and contractors during this transition, recognizing the broader impact on the community.
With the increasing uncertainty surrounding market dynamics, Phillips 66 is evaluating future use for its strategically located properties near the Port of Los Angeles.
Despite the closure of the Los Angeles refinery, Phillips 66 intends to maintain fuel supply to California through alternative sourcing to meet consumer demand.
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