Phillips 66 announced Wednesday that it will close its Wilmington-area refinery complex next year but will work with the state to continue supplying fuel to consumers.

Philips 66, the massive oil company that operates across the United States, says that they will be closing their refiner in Wilmington next year after California Gov. Gavin Newsom signed a bill into law​ that looks at preventing gas prices from spiking.

Houston-based Phillips 66 Co. announced Oct. 16 that it will close its major oil refinery complex in Wilmington and Carson in the fourth quarter of next

Oil company Phillips 66 has announced that it plans to shut down a Los Angeles-area refinery that accounts for about 8% of California's refining capacity The company indicates it will remain operating in California.

When Phillips 66 this week announced its plans to close its Los Angeles-area refinery in late 2025, many observers noted the announcement came just days after California Gov. Gavin Newsom signed a new law aimed at refineries.

The refinery accounts for about 8% of California's refining capacity, according to the state's Energy Commission. The company said it will remain operating in the state.

Phillips 66 plans to close its refinery near the Port of Los Angeles in late 2025. The company’s announcement Wednesday follows Gov. Gavin Newsom’s signature of legislation implementing new oil controls.

Significant amounts of contamination” in soil and groundwater exist on the 650-acre complexes in Wilmington and Carson

Energy giant Phillips 66 has hired two development powerhouses to envision what could be built on Los Angeles land in once its oil refinery is closed.