Phillips 66 CEO Finally Admits Why They’re Leaving California - It Is Bad (Video)

This is a 25 December 2025 published video.
Phillips 66 just made a shocking decision after more than 100 years in California — and the real reason behind this shutdown is far worse than anyone realized. Despite massive profits, the Los Angeles refinery is losing millions, facing lawsuits, and buried under a toxic environmental legacy. This move could send gas prices skyrocketing, destroy hundreds of jobs, and push California into a fuel crisis.
In this video, we break down the numbers, the secrets, and the CEO’s true motive behind abandoning the state. If California is already struggling. So what happens next?
https://youtu.be/sQ-ggtdtQIc
Phillips 66 Closure:
- Phillips 66 Investor Relations, Official Press Release (Oct 16, 2024)
- S&P Global Commodity Insights (Oct 17, 2024)
- U.S. Energy Information Administration (EIA)
$833M Lawsuit:
- PR Newswire, Propel Fuels Press Release (July 30, 2025)
- Alameda County Superior Court, Judge Michael Markman ruling
Federal Charges:
- U.S. Department of Justice, Central District of California (Nov 2024)
- CBS Los Angeles
Gas Price Data:
- U.S. Energy Information Administration (EIA)
- AAA Gas Prices
- UC Davis College of Agricultural and Environmental Sciences
Environmental/Contamination:
- Inside Climate News (Dec 2025)
- LA Regional Water Quality Control Board
- LAist
Legislation (ABX2-1):
- California Legislature official records
- CalMatters
- ABC10
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