Phillips 66 to Lay Off 277 Workers Amid Refinery Closure
ByAinvest
Friday, Feb 6, 2026 10:32 am ET1min read
PSX--
Phillips 66 plans to lay off 277 employees as operations at its 139,000-barrel-per-day Los Angeles-area refinery wind down ahead of closure. The refinery will terminate 122 employees in April and an additional 155 employees previously notified. The facility had around 600 employees and 300 contractors. The layoffs are in line with the company's plan to idle the refinery in late 2025.
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet