Phillips 66 Says Decision to Close Wilmington Refinery Part of Long-Term Analysis

Phillips 66’s decision to close its Wilmington Refinery, also known as its Los Angeles Refinery, in the fourth quarter of 2025 came after a long-term analysis and not in reaction to policy changes. “The uncertainty of the long-term sustainability of the refinery and market dynamics were key factors in this decision,” said CEO Mark Lashier on the company…