The company said it expects to cease operations at its Los Angeles-area refinery on October 16, 2024 during Q4 2025.

8-KRegulation FD DisclosureFiled Oct 16, 2024Period of report Oct 16, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

The company said it expects to cease operations at its Los Angeles-area refinery on October 16, 2024 during Q4 2025.
The company said about 600 employees and 300 contractors currently work at the refinery. It said it understands the decision affects employees, contractors and the broader community, and that it will support them through the transition.
The company said it will work with California to supply fuel markets and meet consumer demand. It said it will supply gasoline from sources inside and outside its refining network, as well as renewable diesel and sustainable aviation fuels from its Rodeo Renewable Energy Complex.
The company said it has engaged Catellus Development Corporation and Deca Companies to evaluate future uses of the 650-acre sites in Wilmington and Carson, California. It said the two firms will collaborate with the company in an advisory role.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Plan to Cease Operations at Los Angeles-Area Refinery

The company said it expects to cease operations at its Los Angeles-area refinery on October 16, 2024 during Q4 2025.

Source · Based on the filing body and exhibits

Refinery Workforce and Company Position

The company said about 600 employees and 300 contractors currently work at the refinery. It said it understands the decision affects employees, contractors and the broader community, and that it will support them through the transition.

Source · Based on the filing body and exhibits

California Fuel Supply Plan

The company said it will work with California to supply fuel markets and meet consumer demand. It said it will supply gasoline from sources inside and outside its refining network, as well as renewable diesel and sustainable aviation fuels from its Rodeo Renewable Energy Complex.

Source · Based on the filing body and exhibits

Review of 650-acre Site Use

The company said it has engaged Catellus Development Corporation and Deca Companies to evaluate future uses of the 650-acre sites in Wilmington and Carson, California. It said the two firms will collaborate with the company in an advisory role.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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