# Marathon Petroleum

Type: Company (MPC)

Source: PropTech Intelligence Brief — https://getproptechbrief.com/entity/marathon-petroleum
Canonical HTML page: https://getproptechbrief.com/entity/marathon-petroleum

## Timeline

- **2026-03-02**: Redevelopment Focus — Industry attention shifts to the remediation and repurposing of shuttered refinery sites.
- **2025-12-31**: Official Shutdown — The 659-acre Phillips 66 Los Angeles Refinery officially ceases operations.
- **2024-12-31**: Production Data — EIA reports California production ranks 7th nationally as industry decline accelerates.
- **2024-10-16**: Closure Announcement — Phillips 66 announces plans to shutter its Los Angeles-area refinery by the end of 2025.

## Recent coverage (1 stories)

### California’s Refinery Exodus: A Massive Brownfield Opportunity for Proptech
2026-03-03 00:34:35 · Sentiment: Bearish · Impact: 7/10 · Sources: 2

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.
Full story: https://getproptechbrief.com/story/california-refinery-closures-proptech-redevelopment

---
This page is a machine-readable summary. Sentiment measures the directional read of each development for this entity, not the tone of the reporting; impact weights consequence, not syndication reach. See https://getproptechbrief.com/guides/methodology for the full editorial methodology.