Phillips 66 to book $100-MM charge as it winds down Los Angeles (U.S.) refinery
10/2/2025 9:00:00 AM
- Environmental expenses include $70 MM for groundwater mitigation
- Facility retirement charge of $30 MM for unused transportation assets
- Final crude processing expected mid-October
U.S. oil refiner Phillips 66 expects to book about $100 MM of charges to idle its 139,000-bpd Los Angeles-area refinery, which will cease operations by year-end, the company said on Wednesday.
These include around $70 MM to mitigate groundwater contamination, and about $30 MM for its midstream segment to retire transportation assets.
"Several process units have been placed in an idle state. The remaining units will be idled in a phased manner through the end of 2025," the Houston, Texas-based company said.
The refinery received its last waterborne crude on September 30. The final crude processing date is expected to be in mid-October.
Phillips 66 began winding down its Los Angeles refinery in September.
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