Marathon Petroleum

Company MPC

Last mentioned: Mar 3, 2026

Timeline

  1. Redevelopment Focus

    Industry attention shifts to the remediation and repurposing of shuttered refinery sites.

  2. Market Assessment

    Analysis confirms the state is on track to lose nearly 20% of its total refining capacity as other facilities idle.

  3. Capacity Loss Assessment

    Reports indicate California is losing 20% of refining capacity as Marathon and Valero facilities face uncertainty.

  4. Official Shutdown

    The 659-acre Phillips 66 Los Angeles Refinery officially ceases operations.

  5. Official Closure

    The Phillips 66 Los Angeles Refinery officially ceases all operations across its Carson and Wilmington facilities.

  6. Official Refinery Closure

    The 659-acre Phillips 66 facility in Carson and Wilmington officially ceases operations.

  7. Production Data

    EIA reports California production ranks 7th nationally as industry decline accelerates.

  8. Production Decline Data

    EIA data confirms California has dropped to 7th in national crude oil production.

  9. Production Ranking Shift

    EIA data confirms California has fallen to 7th in US crude production, behind Wyoming and New Mexico.

  10. Closure Announcement

    Phillips 66 announces plans to shutter its Los Angeles-area refinery by the end of 2025.

  11. Phillips 66 Announcement

    Industry giant Phillips 66 announces plans to close its Los Angeles-area refinery by the end of 2025.

  12. Phillips 66 Exit Announcement

    Industry titan Phillips 66 announces it will close its Los Angeles-area refinery by the end of 2025.

Stories mentioning Marathon Petroleum 4

regulation Bearish

California’s Refining Exodus: Phillips 66 Closure Signals 20% Capacity Drop

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.

2 sources
regulation Bearish

California’s Refining Retreat: Navigating the 20% Capacity Cliff

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.

2 sources
other Bearish

California’s Refinery Exodus: A Massive Brownfield Opportunity for Proptech

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.

2 sources