# Catellus Development Corporation

Type: Company

Source: GetYourBrief — https://getyourbrief.com/entity/catellus-development-corporation
Canonical HTML page: https://getyourbrief.com/entity/catellus-development-corporation

## Timeline

- **2026-03-02**: Redevelopment Focus — Industry attention shifts to the remediation and repurposing of shuttered refinery sites.
- **2026-03-02**: Market Assessment — Analysis confirms the state is on track to lose nearly 20% of its total refining capacity as other facilities idle.
- **2026-03-02**: Capacity Loss Assessment — Reports indicate California is losing 20% of refining capacity as Marathon and Valero facilities face uncertainty.
- **2025-12-31**: Official Shutdown — The 659-acre Phillips 66 Los Angeles Refinery officially ceases operations.
- **2025-12-31**: Official Closure — The Phillips 66 Los Angeles Refinery officially ceases all operations across its Carson and Wilmington facilities.
- **2025-12-31**: Official Refinery Closure — The 659-acre Phillips 66 facility in Carson and Wilmington officially ceases operations.
- **2024-12-31**: Production Data — EIA reports California production ranks 7th nationally as industry decline accelerates.
- **2024-12-31**: Production Decline Data — EIA data confirms California has dropped to 7th in national crude oil production.
- **2024-12-31**: Production Ranking Shift — EIA data confirms California has fallen to 7th in US crude production, behind Wyoming and New Mexico.
- **2024-10-16**: Closure Announcement — Phillips 66 announces plans to shutter its Los Angeles-area refinery by the end of 2025.
- **2024-10-16**: Phillips 66 Announcement — Industry giant Phillips 66 announces plans to close its Los Angeles-area refinery by the end of 2025.
- **2024-10-16**: Phillips 66 Exit Announcement — Industry titan Phillips 66 announces it will close its Los Angeles-area refinery by the end of 2025.

## Recent coverage (4 stories, network-wide)

### California’s Refining Exodus: Phillips 66 Closure Signals 20% Capacity Drop
2026-03-03 00:36:17 · Sector: finance · Sentiment: Negative · Impact: 7/10 · Sources: 2

The closure of Phillips 66’s Los Angeles refinery marks a pivotal moment in California’s energy transition, as the state faces a nearly 20% reduction in total refining capacity. Driven by aggressive environmental regulations and shifting land-use priorities, the exodus of major oil players raises critical questions about fuel security and the redevelopment of massive industrial sites.
Full story: https://getfinancebrief.com/story/california-oil-refinery-closures-phillips-66-marathon-valero

### California’s Refining Retreat: Navigating the 20% Capacity Cliff
2026-03-03 00:35:42 · Sector: climate · Sentiment: Negative · Impact: 7/10 · Sources: 2

California's energy landscape is undergoing a structural shift as major refineries from Phillips 66, Marathon, and Valero shutter or idle, removing nearly 20% of the state's refining capacity. This transition, driven by aggressive environmental regulations and declining local production, raises critical questions about fuel security and the redevelopment of massive industrial sites.
Full story: https://getclimatebrief.com/story/california-oil-refinery-closures-phillips-66-marathon-valero

### California’s Refinery Exodus: Regulatory Pressures and the Future of Oil Sites
2026-03-03 00:35:08 · Sector: legal · Sentiment: Negative · Impact: 7/10 · Sources: 2

The closure of major refineries like Phillips 66’s Los Angeles facility marks a 20% reduction in California's refining capacity, driven by aggressive environmental regulations. This shift creates significant legal and regulatory challenges regarding land reclamation, environmental remediation, and the state's energy security.
Full story: https://getlegalbrief.com/story/california-refinery-closures-regulatory-impact

### California’s Refinery Exodus: A Massive Brownfield Opportunity for Proptech
2026-03-03 00:34:35 · Sector: proptech · Sentiment: Negative · Impact: 7/10 · Sources: 2

The closure of Phillips 66’s 659-acre Los Angeles refinery marks a pivotal shift in California's land-use landscape, signaling the end of a century-long oil era. This transition opens massive opportunities for proptech-driven brownfield remediation and large-scale urban redevelopment as the state loses 20% of its refining capacity.
Full story: https://getproptechbrief.com/story/california-refinery-closures-proptech-redevelopment

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This page is a machine-readable summary. Sentiment measures the directional read of each development for this entity, not the tone of the reporting; impact weights consequence, not syndication reach. See https://getyourbrief.com/guides/methodology for the full editorial methodology.