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1. www.forbes.com › sites › rrapierWhy Oil Companies Are Leaving California - Forbes

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   Oct 17, 2024 · Ultimately, California can pass whatever laws the populace wants with respect to its oil industry, but these companies can also respond. That’s what Chevron, and now Phillips 66, have done.

2. oilprice.com › Latest-Energy-News › World-NewsValero Could Be Next To Shutter California Oil Refineries

   oilprice.com › Latest-Energy-News › World-News

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   Oct 24, 2024 · Last week, Phillips 66 said it would shut down its Los Angeles oil refinery by the end of next year. Now, refining peer Valero Energy Corp is suggesting it could be next. Valero, the United States ...

   • Author: Julianne Geiger

3. hsjchronicle.com › why-oil-companies-are-leavingWhy Oil Companies Are Leaving California - The Hemet & San ...

   hsjchronicle.com › why-oil-companies-are-leaving

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   Oct 19, 2024 · California’s aggressive environmental policies and stringent regulations on the oil industry have created a complex and challenging landscape for energy companies operating in the state. While these measures aim to reduce emissions and combat climate change, they have also led to unintended consequences such as higher fuel prices, supply vulnerabilities, and a strained relationship with the ...

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5. www.politico.com › news › 2024/10/16Phillips 66 to close California refinery days after Newsom ...

   www.politico.com › news › 2024/10/16

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   Oct 16, 2024 · SACRAMENTO, California — Phillips 66 announced Wednesday that it will close its Los Angeles oil refinery next year, citing “long-term uncertainty” two days after Gov. Gavin Newsom signed a ...

6. www.newsweek.com › phillips-66-shut-down-losPhillips 66 Announces Shutdown of L.A. Refinery, Impacting ...

   www.newsweek.com › phillips-66-shut-down-los

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   Oct 17, 2024 · The refinery has served as a critical energy provider to California, Nevada, and Arizona via pipelines and trucks. Vehicles pass the Phillips 66 Los Angeles Refinery Wilmington Plant on Nov. 28 ...

   • Author: Shannon Mcdonagh

   • Video Duration: 58 sec

7. www.politico.com › newsletters › california-climateClosing time for another California refinery - POLITICO

   www.politico.com › newsletters › california-climate

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   Oct 17, 2024 · It still has another refinery in the Bay Area plus pipelines, tanks and terminals, and it plans to work with California to maintain and maybe even increase gas supplies, spokesperson Al Ortiz said.

8. People also ask

   How many oil refineries will California shut down next year?

   • Soon it’ll be eight. Phillips 66 this afternoon cited “long-term uncertainty” in announcing that it’s shutting down California’s seventh-largest refinery next year. The news comes just two days after Gov. Gavin Newsom signed a major new law, roundly opposed by the oil industry, that tries to get a handle on gas price spikes.

   Closing time for another California refinery - POLITICO

   www.politico.com/newsletters/california-climate/2024/10/16/closing-time-for-another-california-refinery-00184084

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   Why did Phillips 66 close its Los Angeles refinery?

   • The facility supplies about 8 percent of California’s gasoline. SACRAMENTO, California — Phillips 66 announced Wednesday that it will close its Los Angeles oil refinery next year, citing “long-term uncertainty” two days after Gov. Gavin Newsom signed a law clearing the way for new regulations on the state’s refiners.

   Phillips 66 to close California refinery days after Newsom signed oil law

   www.politico.com/news/2024/10/16/phillips-66-california-refinery-closure-00184058

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   How will the Los Angeles refinery closure affect workers?

   • The closure will affect approximately 600 employees and 300 contractors that currently work at the Los Angeles-area refinery. Politico reported that this closure would also impact 8% of the state’s already tight gasoline production.

   Why Oil Companies Are Leaving California

   www.forbes.com/sites/rrapier/2024/10/17/why-oil-companies-are-leaving-california/

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   Why did California oil refiners see lower-than-average margins this year?

   • According to the company’s Chief Executive Lane Riggs, this is due to the increasing regulatory pressure that has pervaded California. Oil refiners in California saw lower-than-average margins in late spring/early summer this year as lower operating capacity failed to deliver higher margins.

   Valero Could Be Next To Shutter California Oil Refineries

   oilprice.com/Latest-Energy-News/World-News/Valero-Could-Be-Next-To-Shutter-California-Oil-Refineries.html

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   Can California pass a law on the oil industry?

   • Ultimately, California can pass whatever laws the populace wants with respect to its oil industry, but these companies can also respond. That’s what Chevron, and now Phillips 66, have done.

   Why Oil Companies Are Leaving California

   www.forbes.com/sites/rrapier/2024/10/17/why-oil-companies-are-leaving-california/

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   Will Los Angeles refinery be sustainable?

   • “With the long-term sustainability of our Los Angeles refinery uncertain and affected by market dynamics, we are working with leading land development firms to evaluate the future use of our unique and strategically located properties near the Port of Los Angeles,” Mark Lashier, the company’s chairman and CEO, said in a statement.

   Phillips 66 to close California refinery days after Newsom signed oil law

   www.politico.com/news/2024/10/16/phillips-66-california-refinery-closure-00184058

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9. www.reuters.com › markets › commoditiesPhillips 66 to shut oil refinery, end gasoline output in Los ...

   www.reuters.com › markets › commodities

   Oct 16, 2024 · 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.