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Oil company Phillips 66 announced Wednesday that it plans to shut down a Los Angeles-area refinery by the end of 2025, citing market concerns. The company said it will remain operating in the state.
The closure will leave the state with eight major refineries — three in Bay Area and five in the Los Angeles area, operated by Chevron, Valero and other refiners — as well as several smaller ones.
The first Phillips 66 logo, branded by the Phillips Petroleum Co. in 1930. The Phillips 66 shield logo, linking it to U.S. Route 66, was introduced in 1930. [11] After a series of changes to the color scheme including the popular dark green with orange and blue trim, [11] the company settled on black and orange color scheme that would last nearly thirty years.
As part of a compromise, Assemblyman Isaac Bryan (D-Los Angeles) said he agreed to limit the scope of another bill, AB 2716, that would have imposed a $10,000 penalty for each day that a "low ...
1904 photo of a Los Angeles oil field at Court and Toluca Street. The California oil and gas industry has been a major economic and cultural component of the US state of California for over a century. Oil production was a minor factor in the 19th century, with kerosene replacing whale oil and lubricants becoming essential to the machine age.
The Los Angeles City field is one of many in the Los Angeles Basin. To the west are the still-productive Salt Lake and Beverly Hills fields; to the south is the Los Angeles Downtown Oil Field. Ten miles east-southeast is the Brea-Olinda field , the first to be worked in the region.
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