Phillips 66 will begin shuttering its 139,000-barrel-per-day Los Angeles-area refinery in September, people familiar with the matter said. The Los Angeles-area refinery will start winding down ...

Phillips 66 (NYSE:PSX) will begin winding down operations at its 139K bbl/day Los Angeles-area refinery for permanent closure as early as next week, Reuters reported Thursday. "The refinery units will ...

The state has led the country in adopting electric cars and reducing gas use, but it now faces much higher gas prices as oil companies plan to shut down refineries.

“I cannot comment on refinery operations,” said Al Ortiz, head of the company’s media operations, “but I will note that the process of idling the facilities requires a complex, multi-phased approach.

The bills center around cap-and-trade, California’s tentpole environmental regulation system, which places a limit on ...

This month, Phillips 66 is scheduled to begin shutting down its Los Angeles-area refinery, a facility that supplies a ...

The cap-and-trade program was passed in 2006 and sets an overall limit on carbon emissions for major polluters. Companies must hold allowances for the pollution they produce, and both companies and ...