05:06 PM EDT, 10/16/2024 (MT Newswires) -- Phillips 66 (PSX) said late Wednesday it intends to stop operations at its Los Angeles-area refinery in Q4 of 2025.

About 600 employees and 300 contractors work at the facility, the company said.

Phillips 66 is working with land development firms to evaluate the future use of its properties near the Port of Los Angeles, Chief Executive Mark Lashier said in a statement.

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