Chevron threatening to leave California
By Ashleigh Fields
Published on March 25, 2026.
Chevron is threatening to close its oil refineries in California due to overregulation, which the oil company claims is contributing to price spikes due to the Iran-Iran war. The company imports fuel from countries such as China, South Korea, and Singapore. Chevron's head, Andy Walz, has warned of potential fuel deficit in California and suggested that California should consider boosting in-state oil production and reviewing its proposed incentives for companies that use renewable energy. Last year, Phillips 66 closed its 650-acre oil refinery complex near the Port of Los Angeles after a new law regulating gas storage and refineries was signed by California Gov. Gavin Newsom.
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